|
|
|
Economy of Vietnam
|
|
|
Economic growth
The 6th National Party Congress in 1986 of the Communist Party of Vietnam marked a historical turning point in renewing thinking and economic development orientation, and replacing the centrally-planned economy with bureaucracy and a subsidy mechanism by a socialist-oriented market economy. After 20 years of reform, there have been impressive economic results.
|
|
|
|
|
Development Strategy
|
|
|
General goals of the 2006-2010 period
The general goals of the five-year socio-economic development plan in 2006-2010 are: Boost the economic growth rate, achieve important changes in the orientation of efficient and sustainable development, quickly bringing the country out of the low development state. Significantly improve people’s material, cultural and spiritual life. Create foundations to boost the industrialization and modernization process, develop the knowledge-based economy, and basically turn Vietnam into a modern and industrial country by 2020. Stabilize politics, orders, and social security. Firmly protect our independence, sovereignty, territory, and national security. Improve Vietnam’s status in the region and the world.
|
|
|
|
|
Foreign Investment in Vietnam
|
|
|
The result of attracting and utilizing foreign investment
To the end of 2007, there have been about 9,500 licensed foreign investment projects in Vietnam with a total registered capital of US$ 99 billion. Among which, 8,590 projects are still active with a total registered capital of US$83.1 billion.
|
|
|
|