Comrade Bui Quynh Hoa and Vietnam's Socialist Agriculture

Here's Comrade Bui Quynh Hoa and her visit at a socialist farm. How does Vietnam create its socialist farm? In contrast to what the IPOT Foundation and Kabataan Pantylist thinks - the hot youth recruiter Quynh Hoa shows off the products of a socialist-oriented farm. These farms are meant to drive social welfare as the primary motive - NOT PROFITS. 

To review, the Vietnam Briefing - we need to look at the use of open FDIs to improvise Vietnam's socialist farming techniques:

Foreign investment in Vietnamese farms

As far as investment goes, plant-based agriculture does not carry any conditions for foreign investors. The establishment and registration of a foreign company wishing to invest in agriculture simply needs to comply with the standard investment, enterprise, and company laws.

That said, the 2013 Land Law, does not permit foreign investors to acquire land to build farms in Vietnam. Therefore, in order to establish a farm in the country, foreign investors can only rent the land. To do this they must establish a foreign invested enterprise, either alone or with a local partner.

Foreign investors and local partners may enter into an investment cooperation agreement in either the form of a joint-stock company or a limited liability company. They can also enter into a Business Cooperation Contract without having to establish a legal entity in Vietnam.

Vietnam usually allows 100% FDI shares ownership unless specified. In the case of "crucial areas", MNCs may enter into a minimum 30% entry point but they may go beyond 40%. This is to make sure that they still take most of the NET PROFITS AFTER TAXES. 

The Vietnam Briefing also offers this guide to Vietnam's socialist agriculture:

Ownership

Statutory guidelines on foreign ownership, impose a minimum contribution of 30 percent. Beyond this, foreign investors may choose a majority stake with ownership exceeding 50 percent, or a minority share ownership of less than 50 percent in most sectors, given that most industries are open to up to 100% foreign ownership. However, the government also mandates minimum contributions for domestic partners in JVs in some industries.

These business fields require a foreign investor to form a joint-venture with a local partner to enter the market:

Advertising services;

Agriculture, hunting, and forestry related services;

Telecommunication services;

Travel agencies; Tour operator services; Entertainment services;

Electronic gaming businesses;

Container handling; Customs clearance services; Auxiliary transport services;

Internal waterways transport, rail and road transport services.

For investors purchasing stakes in state-owned enterprises equitized on Vietnam’s exchanges, the JSC structure is required.