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State-owned Enterprise Reforms in the TPP Negotiation: Is it a win-win for Vietnam?

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  • LE Thi Anh Nguyet

Abstract

The potential market distortions caused by state-owned enterprises (SOEs) have attracted significant attention from Trans-Pacific Partnership (TPP) members during the negotiations for this agreement in the 21st century. Particularly, in the TPP meetings, Vietnam, as the only nonmarket economy TPP negotiator, has been the focus of discussions concerning SOE issues and reforms to ensure a level playing field for all business sectors, both domestically and regionally. On one hand, SOE reforms can support TPP member governments in financial management and corporate governance more effectively and transparently. On the other hand, the reforms have also left a substantial burden on implementation by the Vietnamese government and the competitiveness of SOEs. The paper (1) examines the principles of SOE management in the TPP negotiation; (2) analyzes the equitization of SOEs in Vietnam in the light of nondiscrimination and on a commercial basis principle; and (3) evaluates the potential cost and benefit of its nonmarket economy status in TPP negotiation.

Suggested Citation

  • LE Thi Anh Nguyet, 2015. "State-owned Enterprise Reforms in the TPP Negotiation: Is it a win-win for Vietnam?," Discussion papers 15092, Research Institute of Economy, Trade and Industry (RIETI).
  • Handle: RePEc:eti:dpaper:15092
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    Cited by:

    1. Shozo Sakata, 2020. "Has Nguyen Phu Trong's Leadership Curbed Economic Reform? Economic Reform Trends in Vietnam," Asian Economic Policy Review, Japan Center for Economic Research, vol. 15(2), pages 305-322, July.

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