In Brief : Hanoi to Privatize Some Enterprises

Vietnam, which is rolling back tight state control to revitalize its moribund economy, said it will put some inefficient state enterprises into private hands next year to raise production and exports.

Radio Hanoi reported a National Assembly resolution on the economic plan for 1989 envisaging a 10% increase in industrial output, a 15% rise in the value of exports and a 6% rise in gross national product over 1988.

Actual totals for 1988 were not given in the resolution, agreed upon at an assembly session that ended last week. A text of the Radio Hanoi report, broadcast Monday, was made available later in the week in Bangkok.

As one measure to achieve the targets, the resolution said a state enterprise that is inefficient or runs short of capital could be absorbed in a joint enterprise, be merged with another venture or be rented or sold into private hands. The government will pass a law on domestic investment to make people “feel more confident and safe in making capital investments for vigorously developing production and business.”