This document is a report from the World Bank on Vietnam's economic development. It was produced by Tran Van Tung, Keiko Kubota, and Martin Rama with contributions from Noritaka Akamatsu, Nguyen Van Minh, Peter Rosner, and Carolyn Turk under the overall guidance of Vikram Nehru. Tran Thi Ngoc Dung was responsible for editing. The report provides an overview of Vietnam's economic situation and performance for the period of January 1st to December 31st of an unspecified year. It also defines some common Vietnamese abbreviations used in economic and financial terms.