HOMEWORK 2

(Chap 2cClosingccase)
ECONOMICCTRANSFORMATIONCINCVIETNAM
Questionc1:
Vietnamcpracticed an occasional economic process rate within the decade once
the top of the VietnamcWar in 1976 because:
Communist party exercised tight management over the foremost sorts of
economic and political life. And another sophisticated issue is thatcVietnam
struggledcbelow a trade barrier obligatory by thecUS once the topcof the
VietnamcWar.
Question 2:
The explanations why the economic standing of Vietnam has been improved
considerably at this is that:

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- In 1986, Vietnamese political party enforced a series of reforms that over

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the 2 decades, reworked a lot of of the economy.

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- Agricultural land was privatized and state farm collectives were

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demolished, in order thatcfarmcproductivitycsurged.
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- Rules proscribing thecinstitution of personalcenterprisescwerecrelaxed.
- Price controls were eliminated.
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- Barrierscto FDIcwereclowered
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- Vietnamcjoined WorldcTradecOrganization, entered tradecagreements

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withcneighbors and previous enemycthe NorthcAmericancnation.

Question 3:
- The reasons for top public corruption of Vietnam:
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There is a convention of public officers commerce their influence and pro their
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family. and also the drawback is that privatization processes to produce

opportunities for presidency officers to appointcthemselves andcrelations as
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executivescof erstwhilecstate-ownedccorporations.
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- Bad effectscof corruption to Vietnamese economic:

+ Corruption produces a series of harms to society. Corruption causes huge
economic injury to social development, dragging back the event in
keeping with its size and level of hurt.
+ It reduces the idea of voters to the govt, eliminating the foremost basic
motivation for economic development.
+ Increase from 3-10% for the value of a dealings to accelerate the
dealings.
+ A loss of up to five hundredth of state revenue because of felony and

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 corruption.
+ The economic losses caused by corruption to our country ar as follows:
Corruption leads to immense losses ofccapital constructioncbecausecof the
prices ofcbidding,cfunding, inspection, auditing andca variety of different
expenses. On the opposite hand, because ofccorruption, an oversized variety of
State assets ar lost because of acts of thievery,cmisappropriationcofcpositions
andcpowers, etc. importantcquantity.
Corruptionccauses niceclosses to the statecbudget revenue through taxes.
Corruption causes serious injury to construction works. because of corruption,
some constructions like bridges and roads ar of poor quality.
- Suggestion for Vietnamese government in eliminating corruption:
Firstly,citcshould becpublic andcclear within thecactivities ofcagencies,
organizationscandcunits.

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Secondly, to line up andcimplement thecregimes, normscandcstandards

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Thirdly, it's necessary tocdevelop codes ofcconduct, codescof skilledcethics,

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and also the amendment ofcpositions ofccadres, civilcservants

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andcpubliccworkers.
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Question 4:
- Democracy is defined as "the government of the people, especially: the
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dominance of the majority" or "a government in which supreme power is given

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to the people and exercised by them directly or indirectly through a system of

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representation often involving the periodic organization of free elections "

When Vietnam have a shift to democratic institutions, the economy will have
more progress especially it will reduce the corruption due to the fact that
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Vietnamese citizens have their right to choose who will be government officials.
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