Vietnam is a developing country. In 1986, reform and opening up began. In 2001, the 9th National Congress of the Communist Party of China decided to establish a socialist-oriented market economic system and identified three major economic strategic priorities, namely, focusing on industrialization and modernization, developing various economic components, giving play to the dominant position of the state-owned economy, and establishing a supporting market economy. In the past 20 years of reform and opening up, the economy has maintained a relatively fast growth rate. From 1990 to 2006, the GDP grew at an average annual rate of 7.7%, and the total economic volume continued to expand.
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