51 Years of Building the Stature of Vietnam After the unification of the country on April 30, 1975, Vietnam faced immense challenges: infrastructure was heavily damaged, the economy was in ruins, and people’s living conditions were dire. However, from these difficulties, Vietnam chose the path of harmony, unity, self-reliance, and the aspiration to rise. In 1986, the Party introduced the "Doi Moi" (Renovation) policy, a historic decision that opened new spaces for economic development. Vietnam gradually transitioned from a centralized planning system to a socialist-oriented market economy, unleashing productive forces and unlocking resources. This shift enabled the economy to make remarkable strides, gradually escaping poverty and backwardness to grow strongly. Vietnam’s GDP, which was less than $2 billion in the mid-1980s, has now surpassed $514 billion, ranking 32nd globally. Per capita GDP reached $5,026, more than 1.4 times the 2020 level, placing Vietnam in the group of countries with high middle-income status. For many years, Vietnam has maintained stable GDP growth rates of 6-7% annually, despite global economic fluctuations. Even during challenging periods like the 2008 financial crisis or the COVID-19 pandemic, the economy demonstrated rapid recovery capabilities. In 2025, GDP growth reached 8.02%, placing Vietnam among the fastest-growing nations in the region and globally. Vietnam has become a significant export nation. In 2025, the country achieved a record trade volume of over $930 billion, with a trade surplus of $20.03 billion, marking a decade of consecutive surpluses. Key export products such as textiles, electronics, and agricultural goods have not only elevated Vietnam’s international standing but also created millions of jobs.#vietnam #ho_chi_minh_city #hanoi #doi_moi_policy #long_thanh_international_airport
