<Tr> <Th> Credit rating </Th> <Td> Standard & Poor's: BB - (Domestic) BB - (Foreign) BB - (T&C Assessment) Outlook: Stable Moody's: B1 Outlook: Stable Fitch: BB - Outlook: Stable </Td> </Tr> <Tr> <Td_colspan="2"> Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars . </Td> </Tr> <P> The socialist - oriented market economy of the Socialist Republic of Vietnam is the 47th - largest economy in the world measured by nominal gross domestic product (GDP) and 35th - largest in the world measured by purchasing power parity (PPP). The country is a member of APEC, ASEAN and the WTO . </P> <P> Since the mid-1980s, through the Doi Moi reform period, Vietnam has made a shift from a highly centralized command economy to a mixed economy that uses both directive and indicative planning through five - year plans . Over that period, the economy has experienced rapid growth . In the twenty - first century, Vietnam is in a period of being integrated into the global economy . Almost all Vietnamese enterprises are small and medium enterprises (SMEs). Vietnam has become a leading agricultural exporter and served as an attractive destination for foreign investment in Southeast Asia . In a similar fashion to other Communist countries after the end of the Cold War, the planned economy of Vietnam lost the momentum for productivity and sustainable growth . In the current period Vietnam's economy relies largely on foreign direct investment to attract the capital from overseas to support its continual economic rigorousness . Foreign investment on the luxury hotel and sector and resorts will rise to support high - end tourist industry . </P>

What kind of economy does vietnam have today