Viet Nam attained many fruitful achievements, both in economic growth and poverty reduction in 2007, which international economists attributed to the country’s continuous renewal process rather than its joining the World Trade Organisation (WTO) on November 7, 2006.

Together with a steady growth rate of 8.5 percent, Viet Nam saw a further drop of poor households to 14.7 percent in 2007 from 18 percent in 2006.