In the first place, it is important to understand the general situation of Vietnam. Vietnam, which is officially called the Socialist Republic of Vietnam, is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, and Cambodia to the southwest, and the South China Sea to the east. With a population of over 86 million, Vietnam is the 13th most populous country in the world. During the past years, Vietnam economy has made a number of significant achievements. Since the beginning of the cause of renovation initiated by the Communist Party, the country's state has changed substantially compared to the period of pre-renovation. The economy has recorded high growth rates for several years in a row. People's living standards have been considerably improved. Similarity to China, since Vietnam’s market opening-up, the number of foreign investors rushing... [continues]
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