Vietnam belongs to the Buddhist / Sinic Civilization.
Vietnamese Economy.
Vietnam will be the 21st largest economy in the World by 2025
Vietnam is a Frontier Market
Today, Vietnam is considered to be the less attractive market of the ASEAN-4 and China
The GDP of Vietnam is only 3%
of China, 24% of Thailand, 29% of Indonesia, 38% of Malaysia or 42% of the Philippines
In 1986, Vietnam set up the “Doi Moi reform policy.”
Thenceforth, Vietnam has seen spectacular modifications
The old centrally-planned Economy of Vietnam was replaced by the new
socialist-oriented market Economy
The Vietnamese economy is based on a multi-sector model
based on a market mechanism and state regulations
Economy of Vietnam is 50% free (Heritage Foundation)
Nominal Vietnamese GDP: 138 billion USD
Agriculture: 19% of the GDP
Industry: 38%
Services: 42%
Inflation (CPI) of Vietnam: 1.86%
Vietnamese Currency: Dong (VND)
In 1993 was created Vietnam Mobile Telecom services Company is a a state-owned company under Vietnam Posts and telecommunications corporation. Vietnam Mobile Telecom has become the first mobile telephony services provider in the brand name MobiFone, marking the beginning momentum of the mobile telephony industry in Vietnam.
In 1997 was created Zamil Steel Vietnam Co., Ltd to design, manufacture and supply top quality pre-engineered steel buildings for use as factory buildings, warehouses, workshops, distribution centers...
International Trade and Business in Vietnam:
Vietnamese Foreign Trade.
Top Vietnamese exports products are crude oil, textiles, footwear, fisheries products, and electronics products
Largest
export markets of Vietnam are the U.S., Japan, China, Australia, and Singapore
Main imports of Vietnam are machinery, refined petroleum, steel, and material for the textile industry
Top Vietnamese import sources are China, Taiwan, Singapore, South Korea, Thailand, and Malaysia
Saigon Port (port system of Vietnam Maritime sector) is the largest
foreign trade port of Vietnam