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Posted on April 18, 2004. Filed under: Uncategorized |

Economist.com | Vietnam’s oil: “THE government of Vietnam, although nominally communist, has warmed towards free enterprise. Like its counterpart in China, it has legalised private firms, courted foreign investment and even admitted businessmen to the Communist Party. But as much as it welcomes the jobs and tax revenues that private businesses bring, it cannot seem to wean itself off a ruinous addiction to inefficient state-owned firms. Businessmen complain that giant public firms still hoover up and squander the lion’s share of loans, depriving better-run companies of capital needed to grow.”

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