Economy: Vietnam is a densely populated developing country that has been transitioning since 1986 from the rigidities of a centrally planned, highly agrarian economy to a more industrial and market based economy, and it has raised incomes substantially. Vietnam exceeded its 2017 GDP growth target of 6.7% with growth of 6.8%, primarily due to We found that 147 to 216 million people live on land that will be below sea level or regular flood levels by the end of the century, assuming emissions of heat-trapping gases continue on their Economy - overview: Vietnam is a densely-populated developing country that in the last 30 years has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally-planned economy. It is a densely populated developing country, transitioning from a rigid centrally planned economy to a more industrial and market-based economy. Country's GDP was $201.3 billion in 2016, Download file 6 Đề kiểm tra HK2 môn Anh 12 - THPT Quang Trung.pdf free (Ngữ pháp Tiếng Anh 12, Đề thi học kỳ 2 Anh 12, Đề thi học kỳ Anh 12, Đề thi học kỳ lớp 12) Fast Money. Economy - overviewVietnam is a densely-populated, developing country that in the last 30 years has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally-planned economy. Substantial progress was achieved from 1986 to 1997 in moving forward from an extremely low level of development and significantly reducing poverty. Growth averaged around 9% per year from 1993 to 1997. The 1997 Asian financial crisis highlighted the problems in the Vietnamese economy and temporarily allowed opponents of reform to slow progress towards a market-oriented economy. GDP growth of in 1997 fell to 6% in 1998 and 5% in 1999. Growth then rose to 7% in 2000-05 even against the background of global recession. Since 2001, however, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. However, equitization of state-owned enterprises and reduction in the proportion of non-performing loans has fallen behind schedule. Vietnam's membership in the ASEAN Free Trade Area AFTA and entry into force of the US-Vietnam Bilateral Trade in December 2001 have led to even more rapid changes in Vietnam's trade and economic regime. Vietnam's exports to the US doubled in 2002 and again in 2003. Vietnam became a member of the WTO in 2005. Among other benefits, accession allows Vietnam to take advantage of the phase out of the Agreement on Textiles and Clothing, which eliminated quotas on textiles and clothing for WTO partners on 1 January 2005. Vietnam is working to promote job creation to keep up with the country's high population growth rate. However, high levels of inflation have prompted Vietnamese authorities to tighten monetary and fiscal - per capita$3,000 2005 est.GDP - real growth rate % 2005 est.Agriculture - productspaddy rice, coffee, fish and seafood, rubber, cotton, tea, pepper, soybeans, cashews, sugar cane, peanuts, bananas, poultryGDP - composition by sector %agriculture 21%, industry services 2005 est.Industries food processing, garments, shoes, machine-building, mining, cement, chemical fertilizer, glass, tires, oil, coal, steel, paperEconomic aid - recipient$ billion in credits and grants pledged by international donors for 2000 2004Debt - external$ billion 2005 est.Population below poverty line % 2002 est.Labor force - by occupation %agriculture 63%, industry and services 37% 2000 est. Economy - overviewVietnam is a densely populated developing country that has been transitioning since 1986 from the rigidities of a centrally planned, highly agrarian economy to a more industrial and market based economy, and it has raised incomes substantially. Vietnam exceeded its 2017 GDP growth target of with growth of primarily due to unexpected increases in domestic demand, and strong manufacturing has a young population, stable political system, commitment to sustainable growth, relatively low inflation, stable currency, strong FDI inflows, and strong manufacturing sector. In addition, the country is committed to continuing its global economic integration. Vietnam joined the WTO in January 2007 and concluded several free trade agreements in 2015-16, including the EU-Vietnam Free Trade Agreement which the EU has not yet ratified, the Korean Free Trade Agreement, and the Eurasian Economic Union Free Trade Agreement. In 2017, Vietnam successfully chaired the Asia-Pacific Economic Cooperation APEC Conference with its key priorities including inclusive growth, innovation, strengthening small and medium enterprises, food security, and climate change. Seeking to diversify its opportunities, Vietnam also signed the Comprehensive and Progressive Agreement for the Transpacific Partnership in 2018 and continued to pursue the Regional Comprehensive Economic continue its trajectory of strong economic growth, the government acknowledges the need to spark a second wave’ of reforms, including reforming state-owned-enterprises, reducing red tape, increasing business sector transparency, reducing the level of non-performing loans in the banking sector, and increasing financial sector transparency. Vietnam’s public debt to GDP ratio is nearing the government mandated ceiling of 65%.In 2016, Vietnam cancelled its civilian nuclear energy development program, citing public concerns about safety and the high cost of the program; it faces growing pressure on energy infrastructure. Overall, the country’s infrastructure fails to meet the needs of an expanding middle class. Vietnam has demonstrated a commitment to sustainable growth over the last several years, but despite the recent speed-up in economic growth the government remains cautious about the risk of external purchasing power parity$ billion 2019 est.$ billion 2018 est.$ billion 2017 est.note data are in 2017 dollarsGDP official exchange rate$ billion 2019 est.GDP - real growth 2017 est. 2017 est. 2016 est.GDP - per capita PPP$8,041 2019 est.$7,586 2018 est.$7,156 2017 est.note data are in 2010 dollarsGross national of GDP 2019 est. of GDP 2018 est. of GDP 2017 est.GDP - composition, by end usehousehold consumption 2017 est.government consumption 2017 est.investment in fixed capital 2017 est.investment in inventories 2017 est.exports of goods and services 100% 2017 est.imports of goods and services -101% 2017 est.GDP - composition by sectoragriculture 2017 est.industry 2017 est.services 2017 est.Ease of Doing Business Index scoresOverall score 2020Starting a Business score 2020Trading score 2020Enforcement score 2020Population below poverty 2018 est.Labor million 2019 est.Labor force - by occupationagriculture 34% 2017Unemployment 2018 est. 2017 est.Unemployment, youth ages 15-24total 2020 est.Household income or consumption by percentage sharelowest 10% 10% 2014Distribution of family income - Gini 2018 est. 2008Budgetrevenues billion 2017 est.expenditures billion 2017 est.Taxes and other of GDP 2017 est.Budget surplus + or deficit - of GDP 2017 est.Public of GDP 2017 est. of GDP 2016 est.note official data; data cover general government debt and include debt instruments issued or owned by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctionsInflation rate consumer prices 2019 est. 2018 est. 2017 est.Credit ratingsFitch rating BB 2018Moody's rating Ba3 2018Standard & Poors rating BB 2019Agriculture - productsrice, vegetables, sugar cane, cassava, maize, pork, fruit, bananas, coffee, coconutsIndustriesfood processing, garments, shoes, machine-building; mining, coal, steel; cement, chemical fertilizer, glass, tires, oil, mobile phonesIndustrial production growth rate8% 2017 est.Current Account Balance$ billion 2019 est.$ billion 2018 est.Exports$ billion 2019 est.$ billion 2018 est.$ billion 2017 est.Exports - commoditiesbroadcasting equipment, telephones, integrated circuits, footwear, furniture 2019Exports - partnersUnited States 23%, China 14%, Japan 8%, South Korea 7% 2019Imports$ billion 2019 est.$ billion 2018 est.$ billion 2017 est.Imports - commoditiesintegrated circuits, telephones, refined petroleum, textiles, semiconductors 2019Imports - partnersChina 35%, South Korea 18%, Japan 6% 2019Reserves of foreign exchange and gold$ billion 31 December 2017 est.$ billion 31 December 2016 est.Debt - external$ billion 31 December 2017 est.$ billion 31 December 2016 est.Exchange ratesdong VND per US dollar -23,129 2020 est.23, 2019 est.23, 2018 est.21,909 2014 est.21,189 2013 est.Fiscal yearcalendar year Is Vietnam a wealthy country? Vietnam is a densely populated developing country that has been transitioning since 1986 from the rigidities of a centrally planned, highly agrarian economy to a more industrial and market based economy, and it has raised incomes substantially. Vietnam exceeded its 2017 GDP growth target of with growth of primarily due to unexpected increases in domestic demand, and strong manufacturing exports. Vietnam has a young population, stable political system, commitment to sustainable growth, relatively low inflation, stable currency, strong FDI inflows, and strong manufacturing sector. In addition, the country is committed to continuing its global economic integration. Vietnam joined the WTO in January 2007 and concluded several free trade agreements in 2015-16, including the EU-Vietnam Free Trade Agreement which the EU has not yet ratified, the Korean Free Trade Agreement, and the Eurasian Economic Union Free Trade Agreement. In 2017, Vietnam successfully chaired the Asia-Pacific Economic Cooperation APEC Conference with its key priorities including inclusive growth, innovation, strengthening small and medium enterprises, food security, and climate change. Seeking to diversify its opportunities, Vietnam also signed the Comprehensive and Progressive Agreement for the Transpacific Partnership in 2018 and continued to pursue the Regional Comprehensive Economic Partnership. To continue its trajectory of strong economic growth, the government acknowledges the need to spark a second wave’ of reforms, including reforming state-owned-enterprises, reducing red tape, increasing business sector transparency, reducing the level of non-performing loans in the banking sector, and increasing financial sector transparency. Vietnam’s public debt to GDP ratio is nearing the government mandated ceiling of 65%. In 2016, Vietnam cancelled its civilian nuclear energy development program, citing public concerns about safety and the high cost of the program; it faces growing pressure on energy infrastructure. Overall, the country’s infrastructure fails to meet the needs of an expanding middle class. Vietnam has demonstrated a commitment to sustainable growth over the last several years, but despite the recent speed-up in economic growth the government remains cautious about the risk of external shocks. ECONOMY Vietnam is a densely-populated, developing country that in the last 30 years has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally planned economy. Substantial progress was achieved from 1986 to 1997 in moving forward from an extremely low level of development and significantly reducing poverty. Growth averaged around 9% per year from 1993 to 1997. The 1997 Asian financial crisis highlighted the problems in the Vietnamese economy and temporarily allowed opponents of reform to slow progress towards a market oriented economy. GDP growth of in 1997 fell to 6% in 1998 and 5% in 1999. Growth then rose to 7% in 2000-04 even against the background of global recession. Since 2001, however, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. However, equitization of state-owned enterprises and reduction in the proportion of non-performing loans has fallen behind schedule. Vietnam's membership in the ASEAN Free Trade Area AFTA and entry into force of the US-Vietnam Bilateral Trade in December 2001 have led to even more rapid changes in Vietnam's trade and economic regime. Vietnam's exports to the US doubled in 2002 and again in 2003. Vietnam is working toward accession to the WTO in 2005. Among other benefits, accession will allow Vietnam to take advantage of the phase out of the Agreement on Textiles and Clothing, which eliminated quotas on textiles and clothing for WTO partners on 1 January 2005. Vietnam is working to promote job creation to keep up with the country's high population growth rate. However, in 2004, high levels of inflation prompted Vietnamese authorities to tighten monetary and fiscal policies. GDP purchasing power parity - $ billion 2004 est. GDP - real growth rate 2004 est. GDP - per capita purchasing power parity - $2,700 2004 est. GDP - composition by sector agriculture industry services 2004 est. Investment gross fixed of GDP 2004 est. Population below poverty line 2002 est. Household income or consumption by percentage share lowest 10% highest 10% 1998 Distribution of family income - Gini index 1998 Inflation rate consumer prices 2004 est. Labor force million 2004 est. Labor force - by occupation agriculture 63%, industry and services 37% 2000 est. Unemployment rate 2004 est. Budget revenues $ billion expenditures $ billion, including capital expenditures of $ billion 2004 est. Public debt of GDP 2004 est. Agriculture - products paddy rice, coffee, fish and seafood, rubber, cotton, tea, pepper, soybeans, cashews, sugar cane, peanuts, bananas, poultry Industries food processing, garments, shoes, machine-building, mining, cement, chemical fertilizer, glass, tires, oil, coal, steel, paper Industrial production growth rate 16% 2004 est. Electricity - production billion kWh 2002 Electricity - consumption billion kWh 2002 Electricity - exports 0 kWh 2002 Electricity - imports 0 kWh 2002 Oil - production 359,400 bbl/day 2004 est. Oil - consumption 185,000 bbl/day 2001 est. Oil - exports NA Oil - imports NA Oil - proved reserves 650 million bbl 2004 est. Natural gas - production billion cu m 2001 est. Natural gas - consumption billion cu m 2001 est. Natural gas - exports 0 cu m 2001 est. Natural gas - imports 0 cu m 2001 est. Natural gas - proved reserves billion cu m 2004 Current account balance $ billion 2004 est. Exports $ billion 2004 est. Exports - commodities crude oil, marine products, rice, coffee, rubber, tea, garments, shoes Exports - partners US Japan Australia China Germany Singapore UK 2003 Imports $ billion 2004 est. Imports - commodities machinery and equipment, petroleum products, fertilizer, steel products, raw cotton, grain, cement, motorcycles Imports - partners China Taiwan Japan South Korea 11%, Singapore US Thailand Hong Kong 2003 Reserves of foreign exchange & gold $ billion 2004 est. Debt - external $ billion 2004 est. Economic aid - recipient $ billion in credits and grants pledged by international donors for 2000 2004 Currency dong VND Currency code VND Exchange rates dong per US dollar - 15,787 2004, 15, 2003, 15, 2002, 14, 2001, 14, 2000 Fiscal year calendar year Overview of VietnamGDP Per Capita, PPP$11,553Overview of VietnamCurving along the eastern edge of the Indochina Peninsula, Vietnam shares long stretches of its borders with Cambodia, Laos and the South China Sea. Occupied by the French until 1954, a communist state emerged in 1975 after the People’s Army of the north and Viet Cong guerilla fighters defeated the anti-communist south. The bitter war garnered international attention and participation, especially from the United States, at a critical juncture in the Cold War era in which communism was gaining ground on the global on Vietnam“Doi moi” economic policy reforms beginning in 1986 have helped The Socialist Republic of Vietnam transition to a more modern, competitive nation. State-owned enterprises and agriculture, which once monopolized the economy, are losing prominence as the nation works to achieve sustainable development through more open trade and industry, including food processing, garment manufacturing, machine-building and mining. The United States is now the nation’s most prominent trade partner, a position reinforced by former President Obama’s visit to the country in advancements have not been made in human rights. Political and religious expression are tightly controlled, and dissenting views are met with harsh punishments. Ethnic minorities are especially vulnerable. Though poverty levels overall have declined, stark economic disparity exists between urban and rural areas.[READ 9 facts you didn't know about Vietnam.]Vietnam is densely populated and growing quickly, with about a third of the population living in bustling cities. Ho Chi Minh City, named after the Communist-era nationalist leader, is the most populous city in the country. War ravaged much of Vietnam’s landscape, but fantastic caves, imperial landmarks and emerald island coves remain. Pho, a brothy noodle soup, and a growing culinary arts scene have garnered global continued efforts to lessen international isolation are evidenced by its membership in the World Trade Organization in 2007 and participation in free trade negotiations with the Trans-Pacific Partnership in 2010. It is also a member of the United Nations, the ASEAN Regional Forum and the Asia-Pacific Economic Cooperation Forum, among other international organizations.[READ 9 facts you didn't know about Vietnam.]Vietnam is densely populated and growing quickly, with about a third of the population living in bustling cities. Ho Chi Minh City, named after the Communist-era nationalist leader, is the most populous city in the country. War ravaged much of Vietnam’s landscape, but fantastic caves, imperial landmarks and emerald island coves remain. Pho, a brothy noodle soup, and a growing culinary arts scene have garnered global continued efforts to lessen international isolation are evidenced by its membership in the World Trade Organization in 2007 and participation in free trade negotiations with the Trans-Pacific Partnership in 2010. It is also a member of the United Nations, the ASEAN Regional Forum and the Asia-Pacific Economic Cooperation Forum, among other international on VietnamVietnam significant in terms of entertainment an influential culture strong consumer brands to the rest of the world easy access to capital expertise business practices digital infrastructure infrastructure legal framework accessible cultural attractions geographic attractions manufacturing costs tax environment government practices influential influential international alliances public education system public health system about animal rights about human rights about the environment to climate goals to social justice property rights political power Vietnam in PhotosMore CountriesAdditional Rankings

vietnam is a densely populated developing country