Benefit

Capitalism economy

 Some of the benefits of capitalism include efficient production, economic growth,

economic and political freedom, and efficient resource allocation. Many people

believe that capitalism offers a better alternative to other economic systems.

 Under capitalism, limited government control over business leads to healthy

competition. This leads to efficient production, keeping the company from going

bankrupt. When people are free to do business, the economy develops. This allows

people to work harder and be creative, leading to economic expansion, increasing

gross domestic product.

 The benefits of socialism are reducing the separation and conflict between rich and

poor; Solve social problems and take better care of social problems. Appreciate the

combination of individual, collective and social benefits; Comprehensive care and

promotion of human factors, new awareness of social policy.

 Socialist-oriented market economy distributes mainly according to labor results

and economic efficiency, and distributes according to the level of capital

contribution and other resources to production, business and information. through

social welfare. Economic growth is associated with ensuring progress and social

justice at every step of development. Economic growth goes hand in hand with

cultural and educational development, building an advanced Vietnamese culture,

rich in national identity, raising people's intellectual level, educating and training

people, building and developing the country's human resources.

 Promoting rapid development of the productive forces: The development process

of capitalism has made the productive forces develop strongly with increasingly

high technical and technological levels, making great contributions to the

development of the productive forces. The development of industrial revolutions

and now the 4.0 industrial revolution appeared at the beginning of the 21st

century, transforming humanity's economy into a new era - the era of knowledge

economy.

 Transforming small production into modern large production: The birth of

capitalism has promoted the transformation of a simple commodity economy to a

developed capitalist commodity economy, transforming small production into

Large-scale, modern, high-productivity centralized production base. Under the

influence of the rules of the market economy, capitalism has stimulated technical

innovation, increased labor productivity, and created a huge and diverse volume of

commodity products.

 Implementing socialization of production: Capitalism has promoted commodity

production to develop strongly and reach the most typical level in history.
Socialism economy

 Socialist-oriented market economy Vietnam is a modern and internationally

integrated market economy. The modernity and international integration of the

socialist-oriented market economy were inherited and developed from the 12th

Congress and are expressed in many different contents and criteria such as

modernity and suitability. with international practices of institutions, laws,

and connection with regional and world markets of the system of market types and

market factors in the economy...

 The socialist-oriented market economy continues to develop; The macroeconomy

is more stable and solid, the major balances of the basic economy are guaranteed,

the growth rate is maintained at a fairly high level; The scale and potential of the

economy increased and the quality of growth improved. Awareness of the

socialist-oriented market economy is becoming more and more complete. The

legal system, mechanisms and policies continue to be improved in accordance

with the requirements of building a modern market economy and international

integration. Market factors and market types gradually develop synchronously,

linked to regional and world markets. Many barriers to market participation are

removed; The investment and business environment has improved significantly,

creative startups and business development are quite vibrant. State-owned

enterprises have gradually been arranged and reorganized more effectively; The

private economy is increasingly affirmed as an important driving force of the

economy; The collective economy is gradually innovated in association with the

market mechanism; The foreign-invested economy is growing rapidly and is an

important part of our country's economy... International economic integration has

developed deeply and widely on many levels, with diversity in forms and signings.

many new generation bilateral and multilateral trade agreements; Export and

import, attracting foreign investment increased sharply, positively contributing to

economic growth and development of the country.