Labour Market Aspects of State Enterprise Reform in Viet Nam:
State-owned enterprise (SOE) restructuring has proceeded more rapidly in Viet Nam than, for example, in China and India. The government tightened the budget constraints facing SOEs virtually simultaneously with price liberalisation. While a large number of mostly small SOEs were liquidated soon afte...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
1996
|
| Series: | OECD Development Centre Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | State-owned enterprise (SOE) restructuring has proceeded more rapidly in Viet Nam than, for example, in China and India. The government tightened the budget constraints facing SOEs virtually simultaneously with price liberalisation. While a large number of mostly small SOEs were liquidated soon after reform began, others were able to adjust through various cost-cutting measures, including sizeable labour force reductions. The government put in place a safety net composed of severance pay and early retirement schemes that, combined with natural attrition, yielded a reduction in the SOE workforce of almost one million people in less than a decade. While the largely voluntary nature of the schemes may have caused some adverse selection and made them more costly than necessary, the benefit has been to avoid social discontent. High private-sector employment growth has been a major contributor to the programme's success. Still, the process is not complete. Initial restructuring was ... |
| Physical Description: | 1 Online-Ressource (43 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/808875873345 |
Staff View
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Record in the Search Index
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| language | English |
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| spelling | O'Connor, David Verfasser aut Labour Market Aspects of State Enterprise Reform in Viet Nam David O'Connor Paris OECD Publishing 1996 1 Online-Ressource (43 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Development Centre Working Papers State-owned enterprise (SOE) restructuring has proceeded more rapidly in Viet Nam than, for example, in China and India. The government tightened the budget constraints facing SOEs virtually simultaneously with price liberalisation. While a large number of mostly small SOEs were liquidated soon after reform began, others were able to adjust through various cost-cutting measures, including sizeable labour force reductions. The government put in place a safety net composed of severance pay and early retirement schemes that, combined with natural attrition, yielded a reduction in the SOE workforce of almost one million people in less than a decade. While the largely voluntary nature of the schemes may have caused some adverse selection and made them more costly than necessary, the benefit has been to avoid social discontent. High private-sector employment growth has been a major contributor to the programme's success. Still, the process is not complete. Initial restructuring was ... Development Viet Nam https://doi.org/10.1787/808875873345 Verlag kostenfrei Volltext |
| spellingShingle | O'Connor, David Labour Market Aspects of State Enterprise Reform in Viet Nam Development Viet Nam |
| title | Labour Market Aspects of State Enterprise Reform in Viet Nam |
| title_auth | Labour Market Aspects of State Enterprise Reform in Viet Nam |
| title_exact_search | Labour Market Aspects of State Enterprise Reform in Viet Nam |
| title_exact_search_txtP | Labour Market Aspects of State Enterprise Reform in Viet Nam |
| title_full | Labour Market Aspects of State Enterprise Reform in Viet Nam David O'Connor |
| title_fullStr | Labour Market Aspects of State Enterprise Reform in Viet Nam David O'Connor |
| title_full_unstemmed | Labour Market Aspects of State Enterprise Reform in Viet Nam David O'Connor |
| title_short | Labour Market Aspects of State Enterprise Reform in Viet Nam |
| title_sort | labour market aspects of state enterprise reform in viet nam |
| topic | Development Viet Nam |
| topic_facet | Development Viet Nam |
| url | https://doi.org/10.1787/808875873345 |
| work_keys_str_mv | AT oconnordavid labourmarketaspectsofstateenterprisereforminvietnam |