While macroeconomic risks are for the most part inter-related, we believe the core problem is public confidence in the currency. In coming months, the dong will come under renewed pressure from stronger US – dollar demand caused by gold imports and the unwinding of sizable US – dollar borrowings by the private sector

In modern economic development, due to limited resources and tend to increasingly scarce, so the leading engine of development is to improve science and technology and thus scientific and technological activities play a decisive role to improve productivity and output.

In Vietnam, apart from the VND, there are two other means of payment that are gold and US dollar. Especially, in the recent stages of inflation, when confidence of the people in the domestic currency fell down, role of gold and US dollar has been confirmed. Therefore, there is a much close relationship among gold, US dollar and CPI in Vietnam. Any changes of one of the three types of prices also affects the other prices.

This report includes:  Assessing Vietnam’s economic growth after 5 years accession to the WTO; Vietnam’s trade performance in 2007 – 2011; Evaluation report on Vietnam’s investment in 5 years after WTO accession;  Labour and social issues after Vietnam’s 5 years accession to WTO and policy recommendations.

The private sector has increasingly played an important role in the economic development of Vietnam. In the period from 2005 to 2009, the GDP average annual growth rate of the formal private sector was 13.87%, much higher than the rate of 7.83% for the whole economy; also the whole private sector has produced nearly half of GDP in Vietnam and created most of jobs.