The economy of Vietnam is a developing planned economy and market economy. Since the mid-1980s, through the "Đổi Mới" reform period, Vietnam has made a shift from a highly centralized planned economy to a socialist-oriented market economy which use both directive and indicative planning (see Five-Year Plans of Vietnam). Over that period, the economy has experienced rapid growth. Nowadays, Vietnam is in a period of being integrated into the global economy. Almost all Vietnamese enterprises are SMEs. Vietnam has become a leading agricultural exporter and served as an attractive destination for foreign investment in Southeast Asia.
In 2011, the nominal GDP reached $121.6 billion, with nominal GDP per capita of $1328.60. According to a forecast in December 2005 by Goldman Sachs, Vietnamese economy will become the 35th largest economy in the world with nominal GDP of $ 436 billion and nominal GDP per capita of 4,357 USD by 2025. According to a forecast by the PricewaterhouseCoopers in 2008, Vietnam may be the fastest growing of emerging economies by 2025, with a potential annual growth rate of about 10% in real dollar terms, which would increase the size of the economy to 70% of the size of the UK economy by 2050.
Vietnam has been named among the Next Eleven and CIVETS countries.
Read more about Economy Of Vietnam: History, Currency, Exchange Rate and Inflation, Mergers and Acquisitions, Foreign Economic Relations, Economic Indicators and International Rankings
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“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
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—Ralph Waldo Emerson (1803–1882)
“I told them I’m not going to let Vietnam go the way of China. I told them to go back and tell those generals in Saigon that Lyndon Johnson intends to stand by our word, but by God, I want something for my money. I want ‘em to get off their butts and get out in those jungles and whip hell out of some Communists. And then I want ‘em to leave me alone, because I’ve got some bigger things to do right here at home.”
—Lyndon Baines Johnson (1908–1973)