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though it was strongly affected by the economic recession in 2008. Besides, with the participation of many big companies in various parts of IT, for instance: Intel, ADM, Dell, Sony, and Samsung, combined with the development of local IT companies such as FPT, HIG or CMC. Vietnam hopes that its IT industry can be soon become a core economic industry, which plays an important role to enhance economic performance.

Industrialization and modernization

Becoming a member of WTO in 2007, Vietnam has been taken a substantial change in its major structure, which is to transform from agricultural industry to industrial and services industries. Or put in another way, Vietnam is in the process of industrialization and modernization. It began to implement the process of industrialization from 2001 and will be finished in 20 years (2020).

In the past, Vietnam was just an agricultural country, the percentage of agricultural contribution accounted up to 90% in total GDP. In the 80s and 90s, a new wave of industrialization in Asian countries rose dramatically, especially in Southeast Asian countries, such as Singapore, Thailand. It created a new appearance of the economy in Asia. From that reason, Vietnam is now actively opening door to get more exchanges and more cooperation with foreign countries, trying to implementing industrialization and modernization in order to keep up with the economy of other countries, and also make a dream of becoming the next Asian tiger.

A good example of the industrialization is that Vietnam is conducting to narrow the scope of the agricultural sector, traditional agriculture is gradually declined in its scale, replaced by modern agriculture (machinery is used more in agriculture production).

Here are some major accomplishments have been achieved from 2001 to 2010:

In 2008, the proportion of GDP was changed rapidly in its structure (the percentage of agriculture industry was only for 22%, industrial industry was 39.9% and service industry was for 38.1%).

Applying science and technology into the agriculture and aquaculture production has been gradually improving.

Rural development in Vietnam has been acquired positive levels, such as infrastructure, health and education.

As a long- term goal, Vietnam aims to basically become an industrial country which has the modern technical facilities, high standard of living and high quality of products and services in 2020.

Natural resources

With a favorable geographical position, various topography and long coastline (3600km), Vietnam has many various kinds of natural resources, which can be seen as an advantage of the economic development. The natural resources of Vietnam can be divided into seven categories:

Land resources: Helping for the agriculture of rice production in promoting its strength. Vietnam is the largest rice exporter in the world only behind Thailand, and also has a suitable land condition to plant high value crops such as coffee, rubber. Vietnam is the third largest coffee exporters in the world after Brazil and Columbia. Vietnam exported rubber approximately $ 1 billion in 2009.

Water resources: There is much underground water and mineral water which is suitable for natural mineral production.

Marine resources: The number of