Viet Nam’s rapid economic growth during 2000–2010 resulted in structural changes that transformed the country from being heavily dependent on agriculture to becoming more modern and industrialized. These changes in turn led to an increasing demand for a more educated and highly skilled workforce that meets the requirements of a rapidly growing economy.
Just 2−4 years after it was severely hit by the 1997 Asian financial crisis, the Indonesian economy began to steadily recover. Real gross domestic product growth rose from 0.8% in 1998 to 2%–3% during 2000–2002 and reached 5.5% in 2006. Wide−ranging finance sector reforms accounted for much of this recovery.