Theory of institutions by the New Institutional Economics and institutional economic reforms in Vietnam

Abstract

Economic institutions play an indispensable role in creating an impetus for economic development. Although the concepts of institutions and economic institutions are not new in Vietnam, their connotation and nature remain controversial. This paper aims to clarity the connotation and the nature of institutions and economic institutions, thereby reflecting their roles in economic development. On the basis of the theoretical background, the study evaluates the qu lity of Vietn m’s e onomi institutions n offers suggestions so as to increase their quality.