Vietnam economy

Main

Doi Moi (the Renovation)

1986

Make its transition from centrally-planned to a “socialist-oriented market economy.” In the early-to-mid 1990s, liberalization measures resulted in rapidly expanding exports and high economic growth, with real GDP growth averaging 9% per year. This recent growth is driven by rising importance of the private sector.

Hyperinflation

1986 - 1988

Annual rates exceeding 300%

European Union trade agreement

1992

Join ASEAN

1995

Asian Financial Crisis

1997

Implementation of US-BTA

2002

FDI inflow, 8% growth

2005 - 12/31/2007

Become WTO's 150th member

2007

Inflation peak again at 25%

06/01/2008

Global Recession

06/01/2008 - 06/01/2009

$6 b stimulus package

12/01/2008

Inflation = 11.5%

2010

High inflation = 20.3%

10/10/2011

Inflation = 7.5%

12/31/2012