Association in economic groups: A post-crisis lesson
The process of comprehensively reforming Vietnam’s centrally planned economy into a socialist-oriented market economy officially started in 1996 with the VIth National Party Congress’s Resolution recognizing citizens’ ownership of capital and lawful assets as well as their right to business freedom. After nearly 30 years of development after the new model, Vietnam has become a fast-growing economy with significant social improvements and crucial changes in business activities.