Socialist oriented market economy undeniable

23/10/2015
Kết quả hình ảnh cho kinh tế thị trường định hướng xã hội chủ nghĩa


Taking advantage of giving feedbacks to the draft political report for the 12th National Congress of the Party, some people spread their opposition to the guideline of developing the socialist-oriented market economy (SOME). However, their views have been proved wrong both theoretically and practically.
The implementation of the guidelines of SOME development over the past 30 years has brought about significant and historic achievements. Institutions of SOME, particularly legal system, mechanism, policies, have been supplemented and gradually perfected, meeting the membership requirements of WTO, FTAs that Vietnam has been a signatory. The role, effectiveness, and competitiveness of the economic actors, of business types in the economy have been enhanced. Business and investment environment has been improved and made more equal and accessible. Market factors and types have been established more synchronously and operated smoothly and linked with regional and international markets. Almost all production prices are determined by market principles. State’s role has been adjusted to match market mechanism and promote democracy in socio-economic life. The mobilization and allocation of resources associated with strategies and plans for socio-economic development have been made more suitable with market mechanism, limiting and controlling monopoly. National economy is integrating more deeply and widely into the world economy at different scales and gradually adapts to principles and standards of the world market. Thereby, the country’s status and strength have improved significantly. The country has no longer been a low-developed one but a developing country with average income and an average growth rate of GDP at 6.6% since 1986. The economy’s size and potential have been increased from USD 6.3 billion in 1989 to USD 186 billion in 2014 and will reach USD 204 billion in 2015. Export turnover also increases 30fold from 1995 to 2014 and Vietnam has been listed among the top exporters in pepper, coffee, cashew, rice, seafood, textile, footwear, tea, etc., of the world. Infrastructure has been developed rapidly with new and modern projects being built. Economic structure has been changed positively towards modernization and industrialization. Industry and service account for 83% of GDP. Major achievements have been gained in the fields of social progress and equality. Vietnam is among the top countries to realize UN Millennium Development Goals. Social security and welfare are always paid attention to.  No program has been cut down even in the time of economic slowdown. The government has carried out 41 strategies and national programs on socio-economic development with priorities given to vulnerable groups. In the period between 2011 and 2015 alone, VND 364,000 billion have been spent on hunger eradication and poverty alleviation. Thereby, the percentage of poor households decreased sharply from 58% in 1993 to 6% in 2014 and below 5% is projected at under 5% in 2015. People’s spiritual and material lives have been improved greatly. Per capita GDP increases 21fold in comparison with that before the start of renewal and is estimated at USD 2,200 in 2015, narrowing the gap with other countries. Politics is stabilized; defense and security are strengthened; national sovereignty is safeguarded; external relations are widened and deepened; the country’s status and strength are increasingly improved in international arena. The country’s reality after 30 years of renewal is a persuasive evidence for the soundness of the guideline of developing SOE.
However, some people intentionally neglect those achievements to deny the Party’s guideline on SOME. They keep repeating their arguments that market economy is a product of capitalism and that market economy should not be socialist oriented and once choosing market economy we must choose capitalism. With this argument, they demand our Party openly declare its choice of capitalist market economy which in essence, demand the Party give up socialism to follow capitalism.
It should be noted that, the attribution of market economy to capitalism, considering it a unique feature of capitalism is unreasonable because market economy is just an economic model of human kind and able to exist in any social regimes. Therefore, the attribution of an economic model to a particular social regime is a mechanical and partial thinking. That thinking once leading us to socio-economic stagnation and crisis is now employed by hostile forces to destabilize our internal political ideology, hence we should be vigilant.
Market economy is the high development of commodity economy when both inputs and outputs of production are determined by market. Producing capacity when reaching a certain level will create objective conditions for the existence of commodity economy – the starting point of market economy. They are the division of labor and different ownership models of production supplies. These conditions still exist in socialism so the pursuit and development of market economy in Vietnam today is relevant to the objective reality and compliant with the rules of developing socialism from an economy with small productions.
The undeniable achievements after 30 years of renewal in light of SOE have proved that interests brought about by market economy are useful to the cause of building socialism in our country. This doesn’t contrast with socio-economic missions of the transiting period to socialism but fosters the accomplishment of those missions more effectively.
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All comments [ 13 ]


John Smith 23/10/15 14:30

Developing a market economy plays an important role. For Vietnam, during the transition to socialism from a less developed economy, there is no other way but developing a socialist oriented market economy.

Gentle Moon 23/10/15 14:31

developing a market economy is considered a “lever” to build socialism and an objective tool to socialize production. There is no replication of the market economy of one country in other countries.

LawrenceSamuels 23/10/15 14:32

Among the criteria to distinguish one market economy from another, it is necessary to take into consideration the political, economic and social orientations that determine the development of the economy.

Funny Day 25/10/15 15:27

I see the selection of the economic model should be based on the real situation of each country

Williams Melanie 25/10/15 15:31

so right, that Vietnam has implemented the socalist-oriented market economy is approperiate

Davis Caroline 25/10/15 15:45

that has proved by the realtity for past 30 years of the Renewal Vietnam has made great economic achivements

Anthony Jones 26/10/15 05:16

those who give their feedbacks to the draft political report for the 12th National Congress of the Part should show responsible contributions to the development of the country.

Thompson Catherine 26/10/15 05:22

some people have taken advantage of getting public opinions on the draft of congress documents to against the State and Party of Vietnam

Elizabeth Green 26/10/15 05:25

those people intend to change the political system in Vietnam through opposing the draft party congress documents.

Jack Walker 26/10/15 05:30

I don't understand why has to change the political system in Vietnam while it has been ok so far

Dennis White 26/10/15 05:40

Vietnam has increasingly developed in all aspects, especially in economic, political areas. It's role and prestige in the international arena

erica black 26/10/15 05:49

the US and western countries have accepted Vietnam's political model when inviting General Secretary Nguyen Phu Trong to visit these countries

Evans David 26/10/15 05:52

I like to live in Vietnam beacause it's stable and peacefull, I'm afraid of chaos, conflicts, wars

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