Vietnam has made considerable development progress over the past two decades.
The Southeast Asian country has been able to reduce national poverty levels from 60 percent in 1993 to 10 percent in 2010. It is on track to meet Millennium Development Goals on reducing poverty, the number of underweight children and infant mortality; proliferating forest cover; and increasing access to basic sanitation and drinking water.
But despite remarkable strides in growing the economy and effecting social change, Vietnam still faces significant development challenges.
Current regulations hinder the full potential of the private sector. In addition, there is a shortage of skilled labor and adequate infrastructure, which are necessary for businesses to grow.