Economy Vietnam experienced an economic boom in the 1990s and early 2000s. The credit for this initially went to the introduction of doi moi (economic reforms). In this decade the population living in poverty dropped 54%. Agriculture remains the most important element of the economy. Today is one of the largest exporters of rice and coffee. The industrial sector has shown immense improvement and expansion as well. Also, it experiences grate booming in the sectors of tourism and education.