ASEAN’s market of more than 600 million people is 9% of the world’s total population. Combined income per capita in the region for the past...
Why invest in ASEAN?
Once among the smaller economies in ASEAN, Viet Nam today emerges as a country moving towards economic modernization and engaging in competitive and export driven industries. Viet Nam’s average GDP growth from 2006 to 2011 was strong at 6.8%. Its GDP doubled to US$ 123 billion from US$ 61 billion in 2006. Exports value has been substantially growing since 2009. Major exports are machinery, equipment part and accessories, raw petroleum, garment, and electronic accessories.
Viet Nam’s competitive edges are its dynamic market of almost 88 million people and a cost-competitive workforce. Growth in Viet Nam’s consumer spending, which is larger than the country’s population growth, is fueled by the increasing number of high-income class families, large number of youth, and tourism development.
Industries ripe for investments include aqua-agriculture, retail, telecommunications, construction, manufacturing, among others.
For more information, click here.Viet NamCapital: HanoiDemographyLand Area:Population:Urban population rate:Age clustering:Children below 5 yrs oldYouth 15-29 yrs oldElderly over 65 years oldActive workforce 20-44 yrs oldLife expectancy:Net enrollment in primary education:Adult literacy rate:331,051 sqkm87.8 million31.7 percent8.2 percent29.3 percent6.4 percent8.0 percent73 years88.3 percent93.2 percentEconomy(as of 2011)GDP:GDP per capita:Inflation:FDI:Total trade:Tourist arrival:Currency:US$ 123.27 millionUS$ 1,4038.9 percentUS$ 7.4 millionUS$ 199.58 million6 millionVietnamese dongInfrastructure(as of 2011)International airports:Major sea ports:Road length:Paved network:Percentage of paved roads:Vehicles per 1000 persons:Internet subscriber per 1000 persons:Cellphone per 1000 persons:3 international airports9 major ports301,000 square kilometers198,000 square kilometers66 percent173511,434Other InformationLanguage:Religion:
Race:Vietnamese is the official languageMain religions are Buddhism, Christianity, Caodaism, Hoa Hao, Protestantism, and Islam.Majority are Kinh people; most populous ethnic minorities include Tay, Thai, Muong, Hoa, Khmer and Nung.
Note: Some figures may vary with figures in the AMS’ website due to different covered periods or record years. Quantitative data were culled from the ASEAN Secretariat Statistics Leaflet Year 2012.