Private Economy Development in Vietnam: Strengthening Corporate Competitiveness through Corporate Social Responsibility performance

Abstract

Private economy development in Vietnam is currently considered an important driving force of the socialist-oriented market economy. This is a board topic and involves a lot of content that can be discussed. In particular, increasing enterprise efficiency through the corporate social responsibility performance is considered as a main issue of private economy development in Vietnam. This paper aims to study the theoretical and legal issues of private economy development in Vietnam and the role of corporate social responsibility implementation in private economy development. Thereby, this article clarifies the implementation of corporate social responsibility in Vietnam today, assesses the limitations and thus proposing solutions to increase the business efficiency through corporate social responsibility performance.