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Like China, Vietnam has made a rapid transition from a command economy to one that is heading for open-market free trading. But it still has a very long way to go to get there. In spite of this, there are a vast number of foreign companies that can see the enormous market potential for business investments in Vietnam.

In spite of considerable efforts to industrialise the country especially in the north, Vietnam's economy is still dominated by agricultural production. This is also the sector where economic reforms have so far had most success. Vietnam recently turned from being a rice-importing nation into the world's third largest rice-exporter.

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12y ago

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