06/25/2008
Vietnam's transitional economy is in a state of some distress. A key structural issue is an imbalance in the corporate community profile, typified by a relatively small number of keiretsu-like state corporations at one end of the spectrum, and tens of thousands of small and young SMEs at the other end. In the middle is relatively little – sparsely populated by exceptions to the general rule. Vietnam needs to find a way of catalyzing growth in this 'elusive middle'.