Vietnam Economic Summary

Viet Nam - Vietnam Country Profile

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Vietnam Economic Overview

Vietnam Profile:

Overview
  • Situated in Southeast Asia bordering China, Cambodia and Laos.
  • Population estimate 85,262,356 rank number 13 up 1.02 % July 2007 est.
  • GNI per capita is US$ 690 in 2006 which rank 169 sources Worldbank.
  • Vietnam is the second-fastest growing economy in the world.
  • Country area is 332,378 sq km - with the population density of 254 people square km.
  • Vietnam's major industries are construction, manufacturing, mining, and quarrying.
  • 17,546,488 Internet users as of Septemter 2007 which 20.6% of the population, according to VNNIC.
  • Major cities are Hanoi, Ho Chi Minh City, Da Nang, Can Tho, and Hue.
  • Hanoi is the capital of Vietnam.
Government structure
  • Socialist Republic of Vietnam.
  • There are four level of government including central, provincial, district, and communal.
  • Member of United Nations since 1977.
  • Member of the ASEAN Free Trade Area, the Asia-Pacific Economic Cooperation Forum and the Association of Southeast Asian nations.
  • Member of the International Monetary Fund, the International Bank for Reconstruction and Development, and the ADB.
  • Vietnam and U.S. entered into a Bilateral Trade Agreement (USBTA).
  • Vietnam entered into the General Agreement on Economic Cooperation with the European Union.
Viet Nam Map
Economic Overview
  • Vietnam has the second-fastest growing economies in Asia behind China.
  • According to Worldbank, GNI per capita is US$ 690 in 2006 which rank 169.
  • Vietnam produces and exports and manufactured goods including rice, coffee, oil and gas, aquatic products, footwear, garments, electronics and handicrafts.
  • GDP has increased from US$30.2 billion in 2000 to US$58.1 billion in 2006
  • Annual percentage growth rate of GDP 6.8% in 2000, 8.4% in 2005, 8.2% in 2006.
  • Investment continued to remain strong rising from 38.4 percent of GDP in 2004 to 38.9 percent in 2005, according to MPI data.
  • Tourism, construction, telecommunications, trade, infrastructure, transportation, finance and other services are the growth of the Vietnamese economy.
  • An additional 40,000 new businesses were registered in 2005, representing an increase of 9 percent in number and 45 percent in registered capital.
  • Export earnings grew by 22 percent in 2005.