The reform policies launched in Vietnam, translated as ‘restoration,’ brought profound changes to the country - shifting it from the failures of a planned economy adopted after unification of the country in 1975 to a market economy open to private business.

Normalised relations with the USA in 1995 opened the way for a free trade agreement in 2001 and accession to the WTO in 2007.

Doi Moi and the Remaking of Vietnam, Global Asia, September 2009.

Vietnam has consistently delivered high economic growth through pro-market policies. Growth is forecast to remain above 7% in the coming years.

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Vietnam is decades ahead of mainstream emerging markets and Frontier markets, achieving over 80% of adult literacy in the 1980s - ahead of China in the 1990s and India in the 2010s. Nigeria and Pakistan are around 60%. To industrialise, a country needs 70-80% literacy.

Vietnam’s population is 100m with an average age of 27.