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The Government, in response to the needs of economic restructuring, has been considering and adopting various policies and measures to gradually liberalize trade and encourage the country's export. Economic entities, particularly those involved in foreign trade, have responded impressively to these changes.
1. Trade liberalization
Trading rights
Prior to 1989, all foreign trade transactions were carried out by a limited number of specialized state-owned enterprises (SOE). As the result, exports could only grow at an average rate of 15 per cent per annum throughout the period of 1980-1988, much lower than the average growth rate seen in the 1990s...
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