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Perestroika and Pandemic: Privatization Slows in Communist Vietnam

VOA News

   Vietnam says the coronavirus pandemic appears to be slowing its
   progress in achieving a key goal, privatization of state-owned
   enterprises.

   Some of these SOEs, as they are often called, slated for privatization
   this year are the major telecommunications firms Mobifone and Vietnam
   Posts and Telecommunications Group, as well as the Vietnam Bank for
   Agriculture and Rural Development and Vinacomin, a coal mining company.

   In its transition to a market economy, Vietnam already had not been
   pulling out of these enterprises as quickly as desired by party
   officials, who at the same time want to avoid the privatization
   mistakes of China and the former Soviet Union.

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