Economy

Vietnam’s economic success over the past three decades has been built in no small part on its openness to international trade and investment. It is now among the world’s most open economies, according to the IMF – in the last 15 years alone, its share of world trade has quintupled, with combined imports and exports now equal to around 160-170...

The EU is one of Vietnam’s biggest trading partners, accounting for nearly a one-fifth of the country’s exports. Hanoi established diplomatic and commercial relations with the bloc in 1990, not long after the beginning of the Doi Moi economic and political reforms. This was followed by a cooperation agreement in 1995 which gave Vietnam...

With strong will and resolve to undertake in-depth and comprehensive reforms, Vietnam has grown from a poor, war-torn country with a centrally planned and subsidised economy, to a middle-income developing nation with a market economy. The country is now poised to step into the next stage of even more robust development thanks its ongoing...

After years of strong economic growth and surging foreign direct investment, Vietnam today is emerging as a key middle-income country in the Southeast Asian political and economic sphere. A nation of ancient traditions, with a youthful and energetic population, the Socialist Republic is also moving through a period of additional economic...

For the second time in its history, Vietnam is set to host the APEC summit and related activities in 2017. Focusing on the overarching theme of “Creating New Dynamism, Fostering a Shared Future”, the summit will gather economic leaders of 21 APEC members to discuss the future of free trade, new drivers for economic growth and the role of APEC...