02/05/2017
The quiet development of Vietnam economy:
The process of economic modernization in Vietnam has begun in the late 1980s, during the process of transition from the central socialist system to the disciplined and calculated economic and social openness, Where the private institutions have been emerged, and disposal of collective farms, and the issuance of laws regulating the use of private lands, and liberation of most prices, and the cancellation of many of the restrictions imposed on the activity of the private sectors, privatization of many institutions, and enter into partnership with private capital and diversified ownership structures, Opening the doors of the country to trade, free investment and liberalization of the financial sector, this openness worked to create a climate conducive to development, where the vitality and high morale prevailed among young people and lead them to turnout on work.
The disciplined economic transformation and social justice has been a prominent feature of Vietnam's peaceful growth process since the early 1990s until the end of the first decade of this century, which contributed to the transmission of about 40% of the population from below the poverty line to the middle class, Where all the population of the country shared the growth rate of 9% without discrimination for one category, Despite the recession that has hit the country since 2010, Where the growth rate declined to 5%. However, the infrastructure in the education sector, roads and the development of the tourism sector, the social justice system in the distribution of national income, all this has managed to preserve the economic and social earnings of the population.
The opening process has been a major success in Vietnam's development process, Which it benefited from its membership in the organizations, and international and regional agreements, since the opening process by more than a quarter of a century, Vietnam has become a member of more than 15 regional and international free trade agreements and organizations, such as The Association of Southeast Asian Nations (ASEAN), Pacific Economic Cooperation (APEC), Economic Cooperation Strategy (Mekong), Asian Cooperation Dialogue, Asian and Middle East Dialogue, Asian Development Bank, Economic and Social Commission for Asia and the Pacific, Colombo Plan, in addition to many free trade agreements with many major economic powers such as Australia, the European Union, Japan, the United States, South Korea, Russia, Canada, Pakistan, China, India,
Vietnam has taken advantage of cooperative relations with these organizations and countries, not just as a market for its products, but as an economic partner by creating the right environment for attracting investments, either through the provision of skilled employment and infrastructure, or through Legislations that attract investments.
Vietnamese businessman Nguyen Tung Bung-tao, in cooperation with Singapore's wealth fund, GIC, has establish the first private airline named as Vet Get with a capital of $ 1.2 billion, making it among the top 30 companies in the term of the market value in Vietnam, and this after the state-owned “Vietnam Airlines” was the historical monopoly of the sector. On February 28, 2017, the company's shares began trading in the market of Ho Chi Minh City - the economic and financial capital of Vietnam. In the first deal on the company's shares, the share price rose 20% from the price at which the shares was floated, reflecting the great change that is occurring quietly in the nature and structure of the Vietnamese economy.
Although the agricultural sector, which employs about 50% of the labor force, is the main engine of the national economy in Vietnam, compared to 15% of the labor force in the industrial sector, 32% in the service sector, but Vietnam is classified as an industrial country, where the industrial sector contributes about 40% of GDP, While agriculture contributes about 22% of GDP.
The lessons learned from Vietnam's development experience can be put into a number of points.
First: optimal recruitment of resources, Vietnam is rich in natural and human resources, and has been able to employ these resources in a way that has benefited the most, especially the human resources which have developed a strategy for its development and improvement through a specific strategy and a high educational base and training programs linked to the labor market, which contributed greatly to attract a lot of factories and international companies to considered Vietnam as home, along with the advantages provided by the geographical location, and natural resources, especially agricultural and mineral resources.
Second, the thing that contributed to the success of Vietnam's economic experience is keeping the national characteristics and social justice, in which it provides an atmosphere suitable for the participation of all classes of society in making the success achieved by the country, by providing a sense that the achievement of that success is for all, and is not accounted for one class without the other , the thing that has generated an atmosphere of hope and desire to Work vigorously, and dedication, and to develop the spirit of creativity and innovation.
Third: Achieving the principle of common interests of trade and economic relations with countries and regional and international organizations, and adapting those relations to serve the national economy, either through the process of trade, opening their markets to national products, and equivalent competition that works to develop economic performance, or by attracting investments through the provision of legal and legislative structure, and to create a conductive environment to attracting investment, as these investments provide an employment opportunities for the labor force, and the transfer of modern technology developed by the international companies to the country.
The transfer of the experiences of countries that have achieved remarkable success in short periods of time, especially developing countries, is an important task that sharpens the motivation and motivates the activity to keep pace with those countries that have achieved high growth rates, as well as benefiting from the experiences of these countries, especially in cases of similarities at the economic, political and social level.

18/04/2017
13/04/2017
13/04/2017
13/04/2017
13/04/2017
13/04/2017
13/04/2017