Table of contents: Part One: Overview on the recent development of enterprises in Vietnam. 1 - Sector of State-owned enterprises. Activities of-re-arranging, innovating. Equitizing SOEs. Lessons drawn from the recent reform of SOEs in Vietnam. 2 - Sector of non-public small & medium sized enterprises. Development of small & medium sized enterprises. Outstanding problems & difficulties that must to be overcome for the development of SMEs. Part Two: Orientation & solutions for the coming time to development enterprises in Vietnam. 1 - Sector of State-owned enterprises. Orientation to development State-owned enterprises in the coming time. Solutions to accelerate the process of restructuring SOEs. 2 - Sector of non-public small & medium sized enterprises. Orientation to development SMEs in the coming time. Solutions for the development of SMEs in the coming time. Part Three: Several regulations related to enterprises, organizations & operations. 1 - Sector of State-owned enterprises. Decree No. 109/2007/ND-CP dated 26th June 2007 on conversion of enterprises with 100% state owned capital into shareholding companies. Decree No. 109/2008/ND-CP dated 10th October 2008 on sale or assignment of enterprises with 100 % State capital. 2 - Sector of non-public small & medium sized enterprises. Decree No. 90/2007/ND-CP dated 23rd November 2001 on support for development of small & medium-sized enterprises. Directive No. 22/2007/CT-TTg dated 26th October 2007 of the Prime Minister on development of private enterprises. Decree No. 56 /2009/ND-CP dated 30th June 2009 on supporting development of small & medium-sized enterprises.