|Number of pages / Number of words:||7 / 1883|
However, with the implementation of the Renovation Policy (Noai Moui) in 1986, Vietnam opened its door and adopted the free-market philosophy (World Factbook, Vietnam). Under free market, the government encouraged foreign investments and the people are allowed to own and run their businesses. Vietnam became one of the fastest growing economies in the world after the Renovation...
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The country became the 150th member of the World Trade Organization in January 11, 2007 (Department of State, Vietnam). In 2007, Vietnam has a gross domestic product of 222.5 billion dollars and an individual average income of 2600 dollars (World Factbook, Vietnam). The country has a labor force of 45...
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