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.
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| Capital | : | Hanoi |
|---|---|---|
| Demography | ||
| Land Area | : |
331,051 sqkm
|
| Population | : |
87.8 million
|
| Urban population rate | : |
31.7 percent
|
| Age clustering | : | |
|
Children below 5 yrs old
|
: |
8.2 percent
|
|
Youth 15-29 yrs old
|
: |
29.3 percent
|
|
Elderly over 65 years old
|
6.4 percent
|
|
|
Active workforce 20-44 yrs old
|
8.0 percent
|
|
| Life expectancy | : |
73 years
|
| Net enrollment in primary education | : |
88.3 percent
|
| Adult literacy rate | : | 93.2 percent |
| Economy (as of 2011) | ||
| GDP | : |
US$ 123.27 million
|
| GDP per capita | : |
US$ 1,403
|
| Inflation | : |
8.9 percent
|
| FDI | : |
US$ 7.4 million
|
| Total trade | : |
US$ 199.58 million
|
| Tourist arrival | : |
6 million
|
| Currency | : | Vietnamese dong |
| Infrastructure (as of 2011) | ||
| International airports | : |
3 international airports
|
| Major sea ports | : |
9 major ports
|
| Road length | : |
301,000 square kilometers
|
| Paved network | : |
198,000 square kilometers
|
| Percentage of paved roads | : |
66 percent
|
| Vehicles per 1000 persons | : | 17 |
| Internet subscriber per 1000 persons | : |
351
|
| Cellphone per 1000 persons | : | 1,434 |
| Other Information | ||
| Languages | : |
Vietnamese is the official language
Main religions are Buddhism, Christianity, Caodaism, Hoa Hao, Protestantism, and Islam.
|
| Religion | : |
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.
