The evolution of Vietnam to the market economy is still in transition. State-owned enterprises (SOE) still make up a significant part of the economy. The process of reform or privatization of State Enterprise worth the slow down in recent years and this company currently constitute 39% of the GDP and industrial output, and 35% non-oil exports.Economic prospects for the medium term and the long term of Vietnam are still good, with a hardworking labor force, foreign debt burdens at a moderate level, increased capital flows of foreign direct investment, and significant growth potential.There are differences between the provinces in the country. The town played an important role in the economic development of the country while the rural province plays a less important role. Ho Chi Minh City is the principal city of Vietnam's economy, and has contributed more than 20% of the total GDP of Vietnam
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