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Vietnam News

The economy of Vietnam is a developing mixed economy. The country has made a shift from a central control-based economy to socialist-oriented mixed market economy. Over that period, the economy has experienced rapid growth. Vietnam is in the period of integrating into world's economy, as a part of globalization and is in transition from a planned economy to a market-oriented mixed economy. Vietnam has been rising as a leading agricultural exporter and an attractive foreign investment destination in East and Southeast Asia. Vietnams main industries include food processing, garments, shoes, machine building, cement mining, glass tires, oil, chemical fertilizer, coal, steel and paper. Currently, Vietnam is the biggest producer of cashew nuts and second largest exporter of rice next to Thailand. Tourism also plays a vital role in the countrys services sector.

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