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Allocating a Surplus Value in the Socialist-Oriented Market Economy of Vietnam

Author

Listed:
  • Thua Huynh Kim

    (Mien Tay Construction University, Vietnam)

  • Tinh Do Phu Tran

    (University of Economics and Law, Vietnam)

Abstract

This paper is based on the views of Marx, as well as the economists before and after Marx, regarding surplus value. The authors analyze the allocation of surplus value in a socialist-oriented market economy in Vietnam. The result shows that in Vietnam, capitalists do not occupy the entire surplus created by workers, as Marx mentioned, so the existence of surplus value in Vietnam today is not contrary to the socialist direction because of its necessity. Additionally, the authors identify problems in the distribution of surplus value that need to be addressed in the practice of the social-oriented market economy in Vietnam today. Some recommendations are also proposed to effectively allocate surplus value for Vietnamese enterprises, workers, and labor unions.

Suggested Citation

  • Thua Huynh Kim & Tinh Do Phu Tran, 2024. "Allocating a Surplus Value in the Socialist-Oriented Market Economy of Vietnam," RAIS Conference Proceedings 2022-2024 0365, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:raiswp:0365
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    References listed on IDEAS

    as
    1. Leda Maria Paulani, 2016. "Renstism and capital accumulation: rescuing Marxs theory of rent to think about contemporaneous capitalism," Brazilian Journal of Political Economy, Center of Political Economy, vol. 36(3), pages 514-535.
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      Keywords

      allocation; surplus value; market economy; Vietnam;
      All these keywords.

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