Global news and insight for corporate financial professionals
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Vietnam economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Vietnam best banks and safest banks are also available.
FRONTIER MARKETS REPORT
Vietnam has great potential, but it also has significant hurdles to overcome to improve its business climate for foreign investors. Given the government’s dominance of industries such as agriculture, utilities and banking, those looking to invest must be prepared for the challenge.
USD 28.3 billion (2015)
World Bank, data retrieved January 2017
USD 215.9 billion (2017, estimate)
Intl$ 645.3 billion (2017, estimate)
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 7% | 7.1% | 5.7% | 5.4% | 6.4% | 6.2% | 5.3% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| 5.4% | 6% | 6.7% | 6.1% | 6.2% |
*Estimate
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.18% | 0.24% | 0.33% | 0.44% | 0.5% |
*Estimate
(2016 estimate)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 6.6% | 4.1% | 0.6% | 2.0% | 3.7% |
*Estimate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 2.8% | 2.1% | 2.4% | 2.4% | 2.4% |
*Estimate
| 2013 | 2014* | 2015* | 2016* | 2017* |
| 51.8% | 55.1% | 58.3% | 62% | 64.6% |
*Estimate
| 2013 | 2014* | 2015* | 2016* | 2017* |
| -7.4% | -6.1% | -5.9% | -6.5% | -6% |
*Estimate
Standard & Poor's: BB-
Moody's: B1
Standard & Poor's / Moody's (Updated January 2017)
| 2013 | 2014 | 2015 |
| USD 40.1 billion | USD 46.1 billion | USD 51.9 billion |
Commercial Bank for Investment & Development of Vietnam, Vietin Bank, Joint Stock Commercial Bank for Foreign Trade of Vietnam.
0.1% (2017 estimate)
89.8% (2015)
1.0% (2015)
0.2% (2015)
Clothes, shoes, electronics, seafood, crude oil, rice, coffee, wooden products, machinery
Machinery and equipment, petroleum products, steel products, raw materials for the clothing and shoe industries, electronics, plastics, automobiles
US 21.2%, China 13.3%, Japan 8.4%, South Korea 5.5%, Germany 4.1% (2015)
China 34.1%, South Korea 14.3%, Singapore 6.5%, Japan 6.4%, Hong Kong 5.1%, Thailand 4.5% (2015)
| 2013 | 2014 | 2015 |
| USD 8,900 million | USD 9,200 million | USD 11,800 million |
| 2013 | 2014 | 2016 |
| USD 1,956 million | USD 1,150 million | USD 1,100 million |
| 2012 | 2013 | 2014 | 2015 |
| USD 21.5 million | USD 7.0 million | USD -0.2 million | USD 3.5 million |
N/A
(for a monthly update on M&A; click here )
N/A
(for a monthly update on M&A; click here )
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 82 out of 190 countries (2017)
Subcategories:
Starting a business: 121 out of 190 countries
Enforcing Contracts: 69 out of 190 countries
Registering Property: 59 out of 190 countries
Getting Credit: 32 out of 190 countries
Protecting Minority Investors: 87 out of 190 countries
Trading Across Borders: 93 out of 190 countries
Paying Taxes: 167 out of 190 countries
Dealing with Construction Permits: 24 out of 190 countries
Getting Electricity: 96 out of 190 countries
Resolving Insolvency: 125 out of 190 countries
60 out of 138 countries
(2016-2017)
Ranking: 131 / Score: 53.99 (Mostly unfree) (2016)
(100=totally free 0=totally repressed)
Vietnamese (official), English (increasingly favored as a second language), some French, Chinese, and Khmer, mountain area languages (Mon-Khmer and Malayo-Polynesian)
Buddhist 7.9%, Catholic 6.6%, Hoa Hao 1.7%, Cao Dai 0.9%, Protestant 0.9%, Muslim 0.1%, none 81.8% (2009 est.)
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 66.017 million | 77.635 million | 86.933 million | 92.637 million | 97.253 million |
*Estimate
| 1960 | 1980 | 2000 | 2015 |
| 15% | 19% | 24% | 34% |
Total population: 94.5%
Male: 96.3%
Female: 92.8% (2015 est.)
(age 15 and over can read and write)
3.1% (2014 estimate)
37.6 (2014)
(0=perfect equality, 100=absolute inequality)
Political Rights: 7
Civil Liberties: 5 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 6.32% Mobile 130.64% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)
Ho Chi Minh City: 88th
Hanoi: 106th
(2016)