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Vietnam’s state-backed conglomerate push under Resolution 68 raises concerns over debt, favoritism, and economic stability.
Vietnam’s push under Resolution 68 to build large, state-backed conglomerates like Vingroup has sparked concerns over financial risks, favoritism, and reduced transparency.
While the government aims to boost the private sector through initiatives like a $70 billion high-speed rail project, backed by interest-free loans and land compensation, regulators warn of high corporate debt, lack of expertise, and systemic risks.
Foreign investment and stock ownership have declined, and critics question the fairness of preferential treatment in contracts, raising alarms about cronyism and long-term economic stability.
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El impulso de los conglomerados respaldados por el estado de Vietnam bajo la Resolución 68 plantea preocupaciones sobre la deuda, el favoritismo y la estabilidad económica.