New policies in Hanoi will boost private enterprise in five key sectors, aiming for economic growth.
FO Take · Score 75
Hanoi’s focused support for private enterprise is a pragmatic move. Bureaucratic hurdles often stifle innovation, and targeted policy can genuinely catalyse growth. This is not about cronyism, but sensible urban planning and economic foresight. Other capitals should take note: stop meddling, start enabling. Will other cities follow suit or continue to hinder progress?
The strongest counter
Government intervention, however well-intentioned, frequently distorts markets. True innovation thrives on organic competition, not preferential treatment. This risks creating an uneven playing field.
