Doing Business in Vietnam Trade, Promotion & Investment Forum, Embassy of Vietnam in Canada
The economy of Vietnam is a socialist-oriented market economy. It is the 47th-largest economy in the world measured by nominal gross domestic product (GDP) and 35th-largest in the world measured by purchasing power parity (PPP). The country is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization.
Since the mid-1980s, through the Doi Moi reform period Vietnam has made a shift from a highly centralized command economy to a mixed economy that uses both directive and indicative planning through five-year plans. Over that period, the economy has experienced rapid growth. In the 21st century, Vietnam is in a period of being integrated into the global economy. Almost all Vietnamese enterprises are small and medium enterprises (SMEs). Vietnam has become a leading agricultural exporter and served as an attractive destination for foreign investment in Southeast Asia. In a similar fashion to other Communist countries after the end of the Cold War, the planned economy of Vietnam lost the momentum for productivity and sustainable growth. In the current period,[when?] Vietnam's economy relies largely on foreign direct investment to attract the capital from overseas to support its continual economic rigor. Foreign investment on the luxury hotel and sector and resorts will rise to support high-end tourist industry.
"Listen to our clients", "Are we liked? " what our client says?"
Vietnam Embassy, Canada
Emily and Pernille did an amazing job at coordinating and re-scheduling our meetings in a very last-minute-change type of event They were genuinely concerned every day, that we met the right contacts at the right time so we were able to make the most out of each meeting. Thanks Pernille and Emily for your warm and personalized (that’s how we felt it) support!