EXPERIENCE IN STATE MANAGEMENT OF ENTERPRISE DEVELOPMENT OF CHINA AND JAPAN - LESSONS FOR VIETNAM

Abstract

This article analyzes state management experiences in enterprise development from Japan and China, drawing lessons for Vietnam. Japan emphasizes long-term industrial strategies (e.g., Society 5.0), transparent legal frameworks, incentives for R&D, and strong support for small and medium-sized enterprises. China focuses on centralized industrial planning (Made in China 2025, “dual circulation”), the development of special economic zones, enterprise internationalization, and supervision through SASAC and the social credit system. The key lesson for Vietnam is to combine strategic orientation with transparency, fair competition, targeted investment promotion, and effective monitoring mechanisms to enhance enterprise capacity in global integration.