Vietnam at a snapshot
Vietnam is a densely-populated developing country. The economy still dominated by state-owned
enterprises contributing to 40% of GDP but the Government has reaffirmed its commitment to
economic liberalization and international integration.
Vietnam encourages foreign investment as part of its development strategy, and the Government is
committed to improving the country’s business and investment climate.
But foreign investors still face a number of challenges, including poorly developed infrastructure,
underdeveloped legal and financial systems, high start-up costs and a shortage of skilled labor.
Protection of intellectual property can also be a significant challenge.
KEY ECONOMIC INDICATORS
(based on 2013 estimate)
GDP:                           US$325.9 billion         (world rank #35)
GDP Growth Rate:      5.0%                          (world rank #63)
GDP Per Capita:          US$3,600                  (world rank #170)
Inflation:                      9.1%                         (world rank #190)
Total Exports:             US$114.3 billion         (world rank #37)
Total Imports:             US$114.3 billion          (world rank #33)
Key Industries:            food processing, garments, shoes, machine-building, mining, glass, tires, mobile phones
Currency:                    Dong (1 US$ = 21,115 VND - 1 € = 28,902 VND - 1 £ = 34,148 VND)
Infrastructures:            > 24 airports open for commercial aviation, with 9 classified as international but only 4
                    currently served by international flights: Ho Chi Minh City, Hanoi, Da Nang, Nha Trang
         
         > 6 major ports and terminals: Cam Pha Port, Da Nang, Hai Phong, Ho Chi Minh City,
                    Phu My, Quy Nhon
                 > 180,549 km. of roadways
       
          > 17,702 km. of waterways
             
    > 2,632 km. of railways
Business opportunities in Vietnam where
MarketingthatWorks! can advise your Company for your
Foreign Market Entry Plan
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