Fact Sheet: Improving Business Environment

Speeches Shim

Vietnam has made remarkable progress in its development journey over the past 30 years. With key economic reforms initiated in 1986 to move towards limited market orientation, Vietnam transformed from one of the world’s poorest nations to a lower-middle-income country. The GVN’s ultimate goal is to grow from lower-middle-income status to upper-middle-income status by 2035. To maintain the exceptional growth trend, while avoiding the middle-income trap, Vietnam must address key challenges including economic policy and governance, infrastructure and energy needs, strengthening private sector competitiveness, and workforce capacity.

Issuing Country 
Date 
Monday, September 27, 2021 - 10:15am

Last updated: October 01, 2021