Tuesday, January 30, 2007

Even a Comrade needs to make a living

Privatizing Das Kapital in Vietnam:

Vietnam's leaders have decided to remove dozens of companies from the control of the armed forces and the ruling Communist Party.

The companies will instead be transferred to civilian ownership.

....Many state and party organisations have made large amounts of money by going into business.

Vietnam's armed forces own a mobile phone company, a bank, shipbuilders, textile factories and even hotels - in total more than 100 firms.

....But now the ruling Communist Party has decided the military should concentrate on defending the country and only keep hold of companies with genuine security functions.

The party and party-controlled organisations will also lose control of their businesses.

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