Cuba Puts Brakes on Move toward Non-State Economy

In April Cuban government officials announced plans to move about 40 percent of the country’s output to the nonstate sector in five years.  This followed a move two years ago to lay off employees in state owned enterprises and encourage them to become entrepreneurs, operating their own businesses.  Over 250,000 Cubans took advantage of this… Read More

Vietnam Privatization Slowed by Book Value vs. Market Value Rule

The Ministry of Finance in Vietnam plans to privatize 367 state-owned enterprises by 2015 (as many as 93 SOEs this year).   The privatization process is slower than hoped because of  the government’s rule that  SOEs cannot sell stakes to investors  at prices below the SOE’s book value.  Government officals are asked to consider allowing… Read More