Definition

Verb: - To nationalize: The act of transferring ownership or control of private property, industries, or assets to the state or government.

Usage

• This verb is used to describe a governmental action where private assets become state-owned.
• It is a formal term used in political, economic, and legal contexts.
• The direct object is the asset or industry being nationalized.

Examples

• (The government nationalized the railway industry.)
• (The nationalization of private banks is an important policy.)
• (They are discussing the plan to nationalize the oil fields.)

Advanced Usage

• "bị/quá trình quốc hữu hóa": to be nationalized / the process of nationalization.
  • Công ty đó đã bị quốc hữu hóa vào năm ngoái. (That company was nationalized last year.)
  • Quá trình quốc hữu hóa diễn ra trong vòng một thập kỷ. (The process of nationalization took place over a decade.)

Variants and Related Words

• Quốc hữu hóa (verb): The standard form.
• Quốc hữu hoá (verb): An alternate spelling using the letter 'h' instead of the hook above 'o'. Both forms are correct and have the same meaning.
• Sự quốc hữu hóa (noun): Nationalization.
  • Sự quốc hữu hóa đã thay đổi cơ cấu kinh tế. (Nationalization changed the economic structure.)

Synonyms

• Tịch thu (verb): To confiscate, seize (often implies taking private property for public use, sometimes without compensation, and can have a broader or more punitive context than "quốc hữu hóa").
• Trưng thu (verb): To requisition, commandeer (typically for state use, especially in times of need, and may be temporary).

Related Phrases/Idioms

• Chuyển thành sở hữu nhà nước: To transfer to state ownership (a descriptive phrase with the same meaning).
  • Kế hoạch chuyển các công ty điện lực thành sở hữu nhà nước. (The plan to transfer power companies to state ownership.)

verb

1. to nationalize