The Vietnam economy has achieved steady growth since its implementation of Domoi. It has also experienced early stage of industrialisation process with increasing importance of manufacturing activities in the economy. However, the recent slowdown in economic growth and the prolonged weak competitiveness of the economy indicates the weakness of industrial structure. Among others, the major weaknesses are slow shift toward the industrial structure of industrialised economy, low capital efficiency, labour productivity and value added, new employments created by the manufacturing activities being not adequately offset those leased from agriculture sector, heavily dependence on internal markets for outputs and major inputs.

Over 20 years of the economic reform in Vietnam has brought about great success to the economy in term of growth, structure and using resources. However, agricultural and rural areas where habitat more than 70% of population, still has  faced great challenges of being left behind and unequally benefited the outcome of the reform. Importantly, the long term growth of rural economy is not secured due to many reasons of which the internal factors and the backwardness of the economic structure are the main

Although GoVN’s overall policy and regulatory framework continue to evolve, there is a clear and consistent national commitment sustainable development much of which focuses on poverty reduction, social equity, income and employment generation and environment friendly development.

Private-sector financing through public-private partnerships (PPP) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure, in sectors such as transportation (roads, bridges, tunnels, railways, ports, airports), social infrastructure (hospitals, schools, prisons, social housing), public utilities (water supply, waste water treatment, waste disposal), government offices and other accommodation, and other specialised services (communications networks or defense equipment).

Today, in the context of globalization and international economic integration, technological innovation has become one of the important factors determining the competitiveness of enterprises of all countries in general and of Vietnamese enterprises in particular. The past years of renovation, many Vietnam’s enterprises have been developing incessantly; put boldly investment in technology renovation, step by step as the imported technology ownership, thence they have created good quality products that enhance competitiveness in both domestic and international market.

Trade is often portrayed as an “engine” of growth in developing countries, but the metaphor is inapt as it implies that the direction of causality runs from trade (read export) to GDP growth.

The private sector has increasingly played an important role in the economic development of Vietnam. In the period from 2005 to 2009, the GDP average annual growth rate of the formal private sector was 13.87%, much higher than the rate of 7.83% for the whole economy; also the whole private sector has produced nearly half of GDP in Vietnam and created most of jobs.