ABSTRACT
Vietnam officially became the 150th member of the World Trade Organization (WTO) on 11 January 2007. This ended a negotiation process lasting for more than 10 years during which Vietnam undertook several bold reform measures to further integrate into the world economy. WTO accession also concluded a long process of efforts to open up the economy, efforts that have been an integral component of the reform package called Doi Moi, which was launched in 1986. At the same time, WTO accession represents the beginning of the era of full integration into the world economy. Improved access to the world market and better resource allocation following WTO accession are widely expected to accelerate the already well performing macro economy of Vietnam.
