the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into … account the negative effect on employment of investment and (ii) a privatizing government has a stronger incentive to invest …

Privatization has played an important role in national economic reform in Vietnam. However, unlike other transitional … countries in Central and Eastern Europe, Vietnam has chosen a partial and gradual privatization where the government still holds … significant ownership in most privatized firms. Whether partial privatization can enhance privatized firms’ performance or full …