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Theory of institutions by the New Institutional Economics and institutional economic reforms in Vietnam

An Quoc Chau 1, *
  1. University of Economics and Law, VNU-HCM
Correspondence to: An Quoc Chau, University of Economics and Law, VNU-HCM. Email: [email protected].
Volume & Issue: Vol. 1 No. Q5 (2017) | Page No.: 5-15 | DOI: 10.32508/stdjelm.v1iQ5.485
Published: 2018-11-27

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Copyright The Author(s) 2018. This article is published with open access by Vietnam National University, Ho Chi Minh city, Vietnam. This article is distributed under the terms of the Creative Commons Attribution License (CC-BY 4.0) which permits any use, distribution, and reproduction in any medium, provided the original author(s) and the source are credited. 

Abstract

Economic institutions play an indispensable role in creating an impetus for economic development. Although the concepts of institutions and economic institutions are not new in Vietnam, their connotation and nature remain controversial. This paper aims to clarity the connotation and the nature of institutions and economic institutions, thereby reflecting their roles in economic development. On the basis of the theoretical background, the study evaluates the qu lity of Vietn m’s e onomi institutions n offers suggestions so as to increase their quality.

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