The Vietnamese economy refers to the economic system and activities of Vietnam, a Southeast Asian country known for its rapid economic growth and development in recent decades. Transitioning from a centrally planned economy to a socialist-oriented market economy since the 1980s, Vietnam has experienced significant reforms known as “Đổi Mới.” These reforms promoted private enterprise, foreign investment, and integration into global markets.
The Vietnamese economy is characterized by a mix of agriculture, manufacturing, and services. Agriculture remains vital, with rice being a staple product, while manufacturing sectors, such as textiles, electronics, and furniture, have become essential to the economy’s growth. The services sector, including tourism and retail, has also expanded significantly.
Vietnam has benefited from joining various international trade agreements, boosting its exports and attracting foreign direct investment. While the country faces challenges such as inequality, environmental issues, and labor rights, it continues to be one of the fastest-growing economies in Asia, aiming for sustainable development and increased global competitiveness.
Vietnam's green real estate bond market is rapidly growing, driving a sustainability revolution in urban development. By 2024, Vietnam is projected to have 560 certified green buildings, far surpassing initial…