UK newspaper Financial Times on January 8 ran an article on Vietnam’s admission to the World Trade Organisation, saying that the event marked a three decade-long journey of Vietnam’s Doi Moi (Renewal) process to full integration with the global economic mainstream.
The article said WTO admission will help the Government of Vietnam further boost privatization and trade liberalization, creating a level playing field for foreign companies. People’s living standards will be improved gradually. The success of the country’s “socialist-oriented market economy” model will be tested in the WTO environment.
In addition, market capitalisation of the
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