Posted on 02/03/2006 9:13:58 PM PST by Racehorse
Members of the Communist Party of Vietnam (CPV) may be allowed to run private business, according to a draft political report to be submitted to the party's national congress slated for April.
"Party members, who engage in running private business without scale restrictions, must typically obey the Party Stature, laws, policies of the state and specific regulations of the CPV Central Committee," says the draft report publicized on major local newspapers Friday.
[. . .]
The private economic sector contributes some 60 percent of Vietnam's gross domestic product, the agency said.
(Excerpt) Read more at thanhniennews.com ...
Description of Vietnam's mixed economy from the US. Asean Business Council:
Since 1986 the ruling Communist Party of Vietnam has committed itself to economic reform, or "Doi Moi" (New Changes) a move from a centrally planned economy to a multi-sectoral one based on open market principles, and thus opened the door to foreign investment.
The Government has abolished price control, devalued the Dong, legalised private ownership, freed the private sector, withdrawn support from a number of loss making state enterprises, opened up the country for foreign investment and has begun to introduce a modern legal framework and pursued monetary and fiscal policies. These reforms were introduced in an attempt to double Vietnam's GDP and to becoming an industrialised nation by 2020. The pace of reforms has been slow, but must be looked at in context that Vietnam has only been open to the west for less than 20 years. Its growth has therefore been remarkable.
So Vietnam is considering following in the PRC's footsteps and trading communism for fascism (while keeping the 'communist' name, of course)?
Not surprised, seeing that communism can't work (as Hayek and vonMise predicted when it was first being tried on Russia).
Ain't it amazing that a lot of these Commies are more pro-business than the liberal Democrats ?
I think the Vietnamese government has been better behaved than the ChiComs the last decade. It's hard to get my Vietnamese friends to discuss anything past the very basics of the current political situation.
This is just great. A whole new crop of RINOs to stand around the country club on weekends, griping about social spending while operating on subsidized job trainee personnel fulfilling a government contract.
I was being sarcastic, but we all know some of these right wing socialists.
Russia does the same (Although they got rid of the Communist name, they still cling to it)
Interesting, the the Colonel in Full Metal Jacket right? See my tagline.
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