Vietnam FlagVietnam

Independence, Freedom, Happiness

 

General


Population: 93,421,835 (2014), 92,477,857 (2013)
Land Area: 329,560 sq km
Natural Resources: Phosphates, coal, manganese, bauxite, chromate, offshore oil and gas deposits, forests, hydropower
Capital: Hanoi
Political System: Communist State
State Leader: Truong Tan Sang (July 25th 2011)
Head of Government: Nguyen Tan Dung (June 27th 2006)
Languages: Vietnamese, French, Chinese, Khmer, Local languages
Currency: Dong (VND)
Major Religions: Buddhist 9.3%, Catholic 6.7%, Hoa Hoa 1.5%, Cao Dai 1.1%, Protestant 0.5%, Muslim 0.1%, None 80.8%
Major Ethnicities: Kinh 86.2%, Tay 1.9%, Thai 1.7%, Muong 1.5%, Khome 1.4%, Hoa 1.1%, Nun 1.1%, Hmong 1%, Other 4.1%
Life Expectancy: 72.91 years (2014), 72.65 years (2013)

Economy


GDP Official Exchange Rate: 170 billion (2013), 138.1 billion (2012)
GDP Purchasing Power Parity: 358.9 billion (2013), 325.9 billion (2012)
GDP Per Capita (PPP): 4,000 (2013), 3,600 (2012)
GDP Growth Rate: 5.3% (2013), 5% (2012)
GDP Structure: Agriculture 19.3%, Industry 38.5%, Services 42.2% (2013)
Labour Force By Occupation: Agriculture 48%, Industry 21%, Services 31% (2012)
Industries: Food processing, garments, shoes, machine-building, mining, coal, steel, cement, chemical fertilizer, glass, tires, oil, paper
Agriculture Products: Paddy rice, coffee, rubber, cotton, tea, pepper, soybeans, cashews, sugar cane, peanuts, bananas; poultry; fish, seafood
Human Development Index: 0.638 (121st)(2014), 0.617 (127th)(2013)
Tourism Revenue: 86 million (1998)
Unemployment Rate: 1.3% (2013), 4.3% (2012)

MilitaryVietnam Map


Army Size: 484 000 (2004)
Budget: 2.5% of GDP (2005)

Current Situation

 

Vietnam is located in Southeast Asia. Vietnam is bordered by Cambodia, China and Laos. Following the Vietnam War, Vietnam's economy suffered greatly due to the destruction caused by the war and several embargoes imposed on it. During the 1990's the government opened up the economy and introduced market reforms. The growth rate since the introduction of reforms has been very high and the economy continues to grow today. It is the largest exporter of cashews in the world and the second largest exporter of rice. New industries have also been introduced in order to diversify the economy.

(2014) Vietnam's economy continued to grow steadily in 2013, and this thrend is expected to continue in 2014. The economy is becoming more liberalized and this is increasing overall wealth.

Thoughts & Comments

 

Sources

CIA World Factbook: Vietnam
Wikipedia: Vietnam
http://hdrstats.undp.org/en/countries/profiles/VNM.html

Updated on: January 5th, 2014