Socialist-Oriented Market Economy, The States Management, Industrial Revolution, Socialism
Dang, Dr. Xuan Hoan
The socialist-oriented market economy is a special market economy model, the creativity of Vietnam in the process of building socialism under the leadership of the Communist Party of Vietnam. This is an economic model operating under the market mechanism in which the state sector plays a key role, especially in aiming at the development of socialism. With the development of science and technology during the fourth industrial revolution plus the process of globalization and international integration, the socialist-oriented market economy in Vietnam not only precedes opportunities but also face many challenges. In order to overcome these challenges and turn opportunities into development results, state management activities need to have positive and significant adjustments.