The economy of Vietnam is a developing planned economy and market economy. Since the mid-1980s, Vietnam has made a shift from a highly centralized planned economy to a socialist-oriented market economy which use both directive and indicative planning. Over that period, the economy has experienced rapid growth. Nowadays, Vietnam is in a period of being integrated into the global economy. Almost all Vietnamese enterprises are SMEs. Vietnam has become a leading agricultural exporter and served as an attractive destination for foreign investment in Southeast Asia, and is now one of the most dynamic emerging countries in East Asia region.
According to the World Bank, in 2011, the nominal GDP reached $123,960,665,229 with a GDP growth of 5.8%, and the inflation 20.8%.