Vietnam: Vietnam began its economic reform
process in 1986 with a view to proactively engaging
in international economic integration. Due to its early
head-start, it is now in a relatively good place in its
reform process. It has, in fact, achieved important
socioeconomic gains and laid a more concrete
foundation for future economic development. Since
joining ASEAN, the country has attracted more
investment; multinationals such as Intel and Nike
invested heavily. Its share of trade in 1995 within
ASEAN was at 2.8 percent; by 2010 that share had
moved up to 17 percent. However, it still faces many
reform challenges, which makes realizing its
development goals a difficult task.