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Vietnam

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Country summary

Capital

Hanoi (Ha Noi)

Borders

Cambodia 1,228 km, China 1,281 km, Laos 2,130 km

Government type

Communist state

Population

88,576,758 (July 2010 est.)[1]

Population growth

1.137% (2010 est.)[1]

Life expectancy

71.71 years[1]

Unemployment

6.5% (April 2009 est.)[1]

Index of Economic Freedom

144[2]

Corruption Perceptions Index

120[3]

Doing Business ranking

93[4]


The conquest of Vietnam by France began in 1858 and was completed by 1884. It became part of French Indochina in 1887. Vietnam declared independence after World War II, but France continued to rule until its 1954 defeat by Communist forces under Ho Chi MINH. Under the Geneva Accords of 1954, Vietnam was divided into the Communist North and anti-Communist South. US economic and military aid to South Vietnam grew through the 1960s in an attempt to bolster the government, but US armed forces were withdrawn following a cease-fire agreement in 1973. Two years later, North Vietnamese forces overran the South reuniting the country under Communist rule. Despite the return of peace, for over a decade the country experienced little economic growth because of conservative leadership policies, the persecution and mass exodus of individuals - many of them successful South Vietnamese merchants - and growing international isolation. However, since the enactment of Vietnam's "doi moi" (renovation) policy in 1986, Vietnamese authorities have committed to increased economic liberalization and enacted structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. The country continues to experience small-scale protests from various groups, the vast majority connected to land-use issues and the lack of equitable mechanisms for resolving disputes. Various ethnic minorities, such as the Montagnards of the Central Highlands and the Khmer Krom in the southern delta region, have also held protests.[1]

Economical characteristicsEdit

  • Currency: đồng (ISO code: VND)
  • Central bank discount rate: 6% (31 December 2009)[1]
  • Commercial banks lending rate: 15.78% (31 December 2008)[1]
  • Stock of money (M1): $25.52 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $63.63 billion (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 28 684 31 173 32 685 35 058 38 867 45 404 52 804 59 835 68 625 90 645
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7]
Govt. expenses (% of GDP)[8]
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Vietnam", from The World Facebook. Referenced 2010-09-30.
  2. Heritage Foundation. "Vietnam", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  3. Transparency International. "Vietnam", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
  4. Doing Business. "Vietnam", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  5. World Bank. "Vietnam: GDP", from World Bank Data. Referenced 2010-09-30.
  6. World Bank. "Vietnam: government debt", from World Bank Data. Referenced 2010-09-30.
  7. World Bank. "Vietnam: government revenue", from World Bank Data. Referenced 2010-09-30.
  8. World Bank. "Vietnam: government expenses", from World Bank Data. Referenced 2010-09-30.

External linksEdit

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