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Since the implementation of Government's policy of renovation (1986).
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General information - Population - Geography - Nature resources Economic environment in Vietnam 1. Economic development 1.1. GDP and GDP per capita Since the implementation of Government's policy of renovation (1986), Vietnam has transformed to a new period of growth and development which is marked by substantial improvement of the economy and people's living standards. The amount of gross domestic products (GDP) has increased significantly since the last decade as it can be seen from the below table. Figure 1. GDP from 1992-2002. Source: http://www.vietnam-tourism.com/vietnam_gov/e_pages/Duan-dautu/gioithieuchung/nguonvondt/fdi/fdi_asean.htm, March 13, 2004. Along with that, GDP growth rate has been maintaining at high average level of 7.2% over the past ten years (especially 9.5% in 1995) and recent World Bank report ranks Vietnam the second in East Asia in economic growth. All these figures may imply a potential economic growth of Vietnam in the near future. Moreover, GDP per capita has been increasing dramatically and it has almost doubled over 7 years, from...
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