In economic terms Vietnam is a rapidly rising power (Vierra and Vierra, 2010). Since the beginning of this century, it has held 3 rd place in average annual GDP growth, just behind China and India (Lehmann, 2010) while per capita income rose from $220 in 1994 to $1,052 in 2009 (U.S. Department of State 2010). Standard and Poor‟s ratings lowered their outlook on Vietnam from stable to negative in May 2008 which was prescient as Datamonitor indicated that the GDP growth plunged to 3.2% in 2009.