Economy of Vietnam

The economy of Vietnam is a developing mixed socialist-oriented market economy. It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization.

Quotes

• While the government’s budget is occasionally made public, the [Vietnamese Communist P]arty’s finances remain classified under Vietnamese law.
  • "Vietnam communist party budget is the elephant in the room as To Lam cuts costs", Radio Free Asia (June 2, 2025)

• In response to the wave of small business closures [done in fear or in protest against Decree 70 and related actions], state-run media have depicted shop owners as greedy and irresponsible, accusing them of choosing to shut down rather than fulfill their [taxational] obligations. Those reports have largely ignored the underlying issue of chronic corruption.
  • Dư Lan, "Tax enforcement drive in Vietnam leads to mass closures of shops, small businesses", Radio Free Asia (June 11, 2025)

External links

• Media related to Economy of Vietnam on Wikimedia Commons
• Encyclopedic article on Economy of Vietnam on Wikipedia