Coat of Arms
President Trần Đại Quang
»Marxist-Leninist single-party state
»332,698 km2 (65th)
»Int$509.466 billion (36th)
» Per capita -Int$5,621 (127th)
»$187.848 billion (54th)
» Per capita -$2,072 (133rd)
»Indochina Time (UTC+07:00)
Vietnam is the easternmost country on the Indochina Peninsula in Southeast Asia. With an estimated 90.5 million inhabitants as of 2014, it is the world’s 13th-most-populous country, and the eighth-most-populous Asian country.
The name Vietnam translates as “Southern Viet” (synonymous with the much older term Nam Viet); it was first officially adopted in 1802 by Emperor Gia Long, and was adopted again in 1945 with the founding of the Democratic Republic of Vietnam under Ho Chi Minh.
The country is bordered by China to the north, Laos to the northwest, Cambodia to the southwest and the South China Sea to the east. Its capital city has been Hanoi since the reunification of North and South Vietnam in 1976.
In 2012, Vietnam’s nominal GDP reached US$138 billion, with a nominal GDP per capita of $1,527, according to the International Monetary Fund (IMF)
According to a 2008 forecast by PricewaterhouseCoopers, Vietnam may be the fastest-growing of the world’s emerging economies by 2025, with a potential growth rate of almost 10% per annum in real dollar terms. In 2012, HSBC predicted that Vietnam’s total GDP would surpass those of Norway, Singapore and Portugal by 2050.
Vietnam has been, for much of its history, a predominantly agricultural civilization based on wet rice cultivation. There is also an industry for Bauxite mining in Vietnam, an important material for the production of aluminum.
The collectivization of farms, factories and economic capital was implemented, and millions of people were put to work in government
Vietnam is ranked 67 with an Economic Complexity Index (ECI) of -0.00572105
Top 5 Products exported by Vietnam
- Broadcasting Equipment (10%),
- Crude Petroleum (7.4%),
- Leather Footwear (4.0%),
- Computers (3.4%),
- Coffee (3.1%)
Top 5 Export destinations of Vietnam
Top 5 Products imported by Vietnam
- Refined Petroleum (8.8%),
- Telephones (3.8%), Integrated Circuits (3.3%),
- Hot-Rolled Iron (2.0%),
- Light Rubberized Knitted Fabric (1.7%)
Top 5 Import origins of Vietnam
- China (28%),
- South Korea (15%),
- Japan (9.5%),
- Singapore (5.9%),
- Thailand (5.3%)
Vietnam has become a major tourist destination since the 1990s, assisted by significant state and private investment, particularly in coastal regions. About 3.77 million international tourists visited Vietnam in 2009 alone.
Popular tourist destinations include the former imperial capital of Hué, the World Heritage Sites of Phong Nha-Kẻ Bàng National Park, Hội An and Mỹ Sơn, coastal regions such asNha Trang, the caves of Hạ Long Bay and the Marble Mountains.
Numerous tourist projects are under construction, such as the Bình Dương tourist complex, which possesses the largest artificial sea in Southeast Asia.
On 14 February 2011, Joe Jackson, the father of American pop star Michael Jackson, attended a ground breaking ceremony for what will be Southeast Asia’s largest entertainment complex, a five-star hotel and amusement park called Happyland.
The US$2 billion project, which has been designed to accommodate 14 million tourists annually, is located in southern Long An Province, near Ho Chi Minh City. It is expected that the complex will be completed in 2014.
- Vietnam will show you sides of Asia that you’ve dreamed of.
- Lush rice fields at the bottom of stunningly gorgeous highlands, colourful water markets on the streams of the Mekong Delta and the endless bustling city life of Hanoi, where anything from school kids to fridges and huge piles of vegetables are transported on the back of countless motorcycles.
- Although Vietnam’s huge cities are rapidly transforming into modern Asian metropolises, traditional culture is never far away.