Applying corporate governance in privatized SOEs should be considered not as a trade-off between – but as a catalyst for – economic growth and political stability. Even though Vietnam’s government appears capable of weathering civil society pressures, stalled growth through the failure of SOEs is a greater threat to political stability than the enhanced socio-economic mobility resulting from transparent, market-based privatization.

http://thediplomat.com/2016/11/privatizing-state-owned-enterprises-in-vietnam-government-dilemmas/

“Privatizing state-owned enterprises in Vietnam: government dilemmas.” The Diplomat, 26 Nov 2016, with Trien Vinh Le.