
Economy
Vietnam has been one of the world's fastest-growing economies, transformed by market reforms ('Doi Moi') since the 1980s from a war-ravaged, centrally planned state into a dynamic, export-driven manufacturing hub.
While remaining a one-party communist state, Vietnam has embraced global trade and become a major beneficiary of firms diversifying supply chains away from China, attracting heavy foreign investment.
Key sectors include electronics and smartphones (a major assembly base for global brands), textiles and footwear, furniture, agriculture (Vietnam is a top exporter of rice, coffee, and seafood), and growing manufacturing.