Vietnam's economy in 2010 grew better than in 2009, with the following indicators:
- During the 1st quarter of 2010, Vietnam's GDP increased 5.83% over the same period in 2009, up 6.4% in the 2nd quarter of 2010.
- Ministry of Planning and Investment forecast the GDP of the 3rd quarter of 2010 will reach about 6.6 to 7.0%, the 4th quarter will reach approximately 7.1 to 7.5%, and the GDP in 2010 will reach about 6.5 to 6.8%, equivalent to 110 billion dollars. As predicted by international organizations, Vietnam's GDP in 2011 will increase 7% - 8%.
- During the first 6 months of 2010, total domestic product increased 6.16% over the same period last year. Notably, the State economic sector contributed about 33% of GDP, the private sector contributed about 47% and foreign investment capital is about 20% of GDP.
- Within the first six months of 2010, the total foreign capital investment reached about 8.43 billion USD, by 80.9% over the same period in 2009.
- The forecasted total exports in 2010 reached about 66 billion dollars, up 15.6% over 2009. The total import value reached 81 billion, up 15.8% over 2009. Deficit forecast is at 15 billion dollars, with 22.7% of total exports.
- Till now, Vietnam has more than 600 companies listing on the stock market, with market capitalization value reached 700,000 billion USD, accounting for over 40% of GDP. Portfolio of foreign investors on the stock market reached nearly 7 billion USD and over 12,000 accounts, of which over 1,300 accounts of foreign entities.
Meanwhile, thanks to the implementation of WTO, with the requirements of reform and perfect the mechanisms, policies and procedures for business registration, market entry in the direction favorable for businesses, capital resources of residential areas and private sector is increasing. In the first 6 months of 2010, the number of private enterprises setting up new businesses increase to 42,000, bringing the total number of private enterprises to almost 500,000.
Private sector in Vietnam has grown on a gigantic speed. Besides some weaknesses, such as strategic, long-term vision, management skills as larger firm size, lack of capital, the presence of many global leading corporations, foreign funds in Vietnam as well as cooperation programs have rapidly changed the Vietnam private enterprises in all aspects. There are many opportunities opening to private enterprises to become the leading corporate.
With hundreds of thousands of private enterprises operating in many economic areas of a country with stable political system, stabilization economy growth, there are potential cooperation and attractive investment opportunities for foreign investors.