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The paper examines the socioeconomic and financial efficiency to evaluate the business performance of state-owned enterprises in comparison with that of others (private enterprises and FDI ones). Accordingly, it aims to determine the role and position of economic sectors and business types, especially state-owned ones, based on their contribution to the GDP growth rate and the business performance. | JED No.216 April 2013 | 25 Comparing the Business Performance of the State-Owned Enterprises and Others NGUYỄN THỊ CÀNH Professor, Doctor of Philosophy, University of Economics and Law under the VNU-HCM Email: canhnt@yahoo.com ABSTRACT The paper examines the socioeconomic and financial efficiency to evaluate the business performance of state-owned enterprises in comparison with that of others (private enterprises and FDI ones). Accordingly, it aims to determine the role and position of economic sectors and business types, especially state-owned ones, based on their contribution to the GDP growth rate and the business performance. Analyses shed light on strengths and weaknesses of each sector and enable to extend some solutions to the restructuring of state-owned enterprises and improvement in their business performance. The research data is secondary, which is collated from Vietnam’s Statistical Yearbooks from 2000 to 2012 and the annual corporate surveys of GSO in the period 2006 – 2009. The descriptive and comparative statistical methods are employed to describe and compare figures of socioeconomic and financial efficiency. Keywords: public sector, private sector, FDI sector, state-owned enterprises, private enterprises, foreign-invested enterprises 26 | Nguyễn Thị Cành | 25 - 40 Comparing the Business Performance 1. AN OVERVIEW OF TYPES OF ENTERPRISES AND ECONOMIC SECTORS According to applicable laws, there are the following types of enterprises in Vietnam: (1) 100% state-owned enterprises which are bound by the previous Law on State-Owned Enterprises and the current Companies Law. (2) Native private enterprises: including those established in compliance with the previous Law on Private Enterprises and the current Companies Law. A private enterprise’s capital employed is not smaller than the chartered capital and is headed by an individual who assumes limitless responsibility for its business by the entire assets. (3) Limited liability companies and .
