Viet Nam in 2008 continued to display a broad dynamic picture of economic development, political and social stability, cultural vitality, and active diplomacy but experienced high inflation and a slowdown in economic growth. While anti-inflation policy brought some relief, high prices remained the largest challenge for social stability and economic development. Despite the setbacks, Viet Nam continued to do well in attracting increasing volumes of foreign tourists and direct investment.
The year 2007 witnessed a continuation of a five-year dynamic momentum evident on several fronts, notably a fast-growing economy and a vivid sociopolitical landscape, coupled with an active diplomacy. People's standard of living has improved and a sense of confidence and hope in a better future has permeated the populace. Viet Nam's scorecard on the diplomatic front continued to show impressive gains. Yet, momentum can be sustained only if limitations in institutions, education, and infrastructure can be addressed effectively.