Vietnam


Vietnam Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Vietnam; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank N/A
International Reserves US$ 13.539 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 135.411 billion (2011 estimate)
GDP (Purchasing Power Parity) 320.874 billion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
6.9% 7.1% 7.3% 7.8% 8.4% 8.2% 8.5% 6.3%
2009 2010 2011 2012*
5.3% 6.8% 5.9% 5.6%

*Estimate

GDP per capita - current prices US$ 1,498 (2007 estimate)
GDP per capita - PPP $3,550 International Dollars (2007 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.14% 0.19% 0.26% 0.37% 0.42%

**Forecast

GDP - composition by sector
  • agriculture: 20% 
  • industry: 41.4% 
  • services: 38.6% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
6.7%(2008) 9.2% 18.7% 12.6%

*Estimate

Unemployment rate
2009 2010 2011 2012*
4.6% 4.3% 4.5%(2009) 4.5%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
31.9% 38.4% 38.3% 38% 37.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-0.5% -7.2% -5.2% -2.7% -3.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BB-

Moody's rating: B2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$35 billion US$37 billion US$26 billion
Largest companies in Vietnam Vietin Bank (Regional Banks) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -2.1 billion (2011 estimate)(After 2008)
Current account balance by percentage of GDP -1.6% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

77.5% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.53%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.21% (2011)(2007)

(Data were released in 2012)

Total exports US$114.6 billion (2012 estimate) 
Export commodities clothes, shoes, electronics, seafood, crude oil, rice, coffee, wooden products, machinery
Total imports US$114.3 billion (2012 estimate) 
Import commodities machinery and equipment, petroleum products, steel products, raw materials for the clothing and shoe industries, electronics, plastics, automobiles
Exports - major partners US 18%, China 11%, Japan 11%, Germany 3.7% (2011 estimate)
Imports - major partners China 22%, South Korea 13.2%, Japan 10.4%, Taiwan 8.6%, Thailand 6.4%, Singapore 6.4% (2011 estimate)
FDI inflows
2009 2010 2011
US$7,600 million US$8,000 million(2009) US$7,430 million(2009)
FDI outflows
2009 2010 2011
US$700 million US$900 million US$950 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$25 million N/A(2009) US$59 million(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 99 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 108 out of 185 countries(2009)

Enforcing Contracts: 44 out of 185 countries

Registering Property: 48 out of 185 countries

Getting credit: 40 out of 185 countries

Protecting investors: 169 out of 185 countries

Trading across border: 74 out of 185 countries

Paying Taxes: 138 out of 185 countries

Dealing with Construction Permits: 28 out of 185 countries

Getting Electricity: 155 out of 185 countries

Resolving Insolvency: 149 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
75

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 136 Score: 51.3 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+7
Total area 331,689 km2 (2006)
Capital Hanoi (2009)
Currency dong (VND) (2009)
Government type Communist state (2009)
Languages Vietnamese (official), English (increasingly favored as a second language), some French, Chinese, and Khmer; mountain area languages (Mon-Khmer and Malayo-Polynesian)
Religions Buddhist 9.3%, Catholic 6.7%, Hoa Hao 1.5%, Cao Dai 1.1%, Protestant 0.5%, Muslim 0.1%, none 80.8% (1999 census)
Total population
1980 1990 2000 2012* 2017**
54.18 million 66.02 million 77.64 million 90.39 million 95.94 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
14.7% 19.2% 24.3% 31%
Population median age 28 years (2010)
Population growth rate 1% (2011)
Life expectancy 75 years (2010)
Adult literacy 93% (2005/2010)
% of population living on less than $2 a day 38.45% (2011)
Inequality of wealth distribution (Gini index)

35.57 (2008)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:7
Civil Liberties:5 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

154.85% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 35.07% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Hanoi: 136th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

1.637 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS Vietcombank (National, 2013)
2012:
  • COUNTRY WINNERS Vietcombank (National, 2012)
2011:
  • COUNTRY WINNERS Saigon Hanoi Commercial Joint Stock Bank (National, 2011)
2010:
  • COUNTRY WINNERS Saigon Hanoi Commercial Joint Stock Bank (National, 2010)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Standard Chartered (National, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks HSBC (National, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (National, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (National, 2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Techcombank (National, 2012)
2011:
  • COUNTRY WINNERS Asia Commercial Bank (National, 2011)
2010:
  • COUNTRY WINNERS Asia Commercial Bank (National, 2010)
2009:
  • COUNTRY WINNERS Asia Commercial Bank (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS HSBC (National, 2012)
2011:
  • COUNTRY WINNERS HSBC (National, 2011)
2010:
  • COUNTRY WINNERS HSBC (National, 2010)
2009:
  • COUNTRY WINNERS HSBC (National, 2009)

CENTRAL BANKER REPORT CARD

2012:

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST Vietnam Bank for Agriculture and Rural Development (VBARD) (National, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Vietcombank (National, 2013)
2012:
  • COUNTRY WINNERS Sacombank (National, 2012)
2011:
  • COUNTRY WINNERS Sacombank (National, 2011)
2010:
  • COUNTRY WINNERS Sacombank (National, 2010)
2009:
  • COUNTRY WINNERS Sacombank (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE