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

Author(s): Tinh Do Phu Tran, Thua Huynh Kim
Subject(s): National Economy, Marxist economics, Economic policy, Financial Markets
Published by: Scientia Moralitas Research Institute
Keywords: allocation; surplus value; market economy; Vietnam;
Summary/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.

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