Vietnam’s Economy

Vietnam is a development success story   


Vietnam initiated its economic renovation in 1986, shifting from the centrally-planned economy with state subsidies to a market-oriented economy.


Following the economic renovation, Vietnam’s GDP has been growing remarkably.





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Currently, Vietnam is regarded as one of the most attractive investment destinations in Asia and South-East Asia.





Vietnam maintains diplomatic relations with more than 170 countries and territories; signed bilateral and multilateral trade agreements with over 80 countries; and exchanged most favoured nation privileges with over 70 countries and territories.


Since implementation of the open-door economic policy, Vietnam has signed cooperative economic and trade agreements with the European Union (1992), engaged in ASEAN membership (1995) and ASEAN Free Trade Agreement (2001), gained APEC admission (1998), sealed a US-Vietnam bilateral trade pact (2001), and gained WTO admission as the 150th member of the organization with official recognition on January 11, 2007.

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    See also:


        Vietnam – Overview


        Healthcare & Vietnam 


        Holland & Vietnam 


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