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 55.5 billion (2018)
World Bank, data retrieved October 2019
Intl$ 710.3 billion (2018, estimate)
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 7.1% | 5.7% | 5.4% | 6.4% | 6.2% | 5.2% | 5.4% |
| 2014 | 2015 | 2016 | 2017 | 2018* | ||
| 6% | 6.7% | 6.2% | 6.8% | 7.1% |
*Estimate
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 0.18% | 0.24% | 0.33% | 0.44% | 0.54% |
*Estimate
(2018 estimate)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 0.6% | 2.7% | 3.5% | 3.5% | 3.6% |
*Estimate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 2.3% | 2.3% | 2.2% | 2.2% | 2.2% |
*Estimate
| 2015 | 2016 | 2017* | 2018* | 2019* |
| 57.1% | 59.7% | 58.2% | 55.6% | 54.3% |
*Estimate
| 2015 | 2016 | 2017* | 2018* | 2019* |
| -6.4% | -3.9% | -4.7% | -4.4% | -4.4% |
*Estimate
Standard & Poor's: BB
Moody's: Ba3
Standard & Poor's / Moody's
| 2016 | 2017 | 2018 |
| USD 73.2 billion | USD 125.3 billion | USD 132.7 billion |
Joint Stock Commercial Bank for Foreign Trade of Vietnam, Commercial Bank For Investment & Development Of Vietnam, Vingroup, Vietin Bank
2.4 % (2018 estimate)
95.4% (2018)
1.26% (2018)
0.26% (2018)
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 20.1%, China 14.5%, Japan 8%, South Korea 6.8% (2017)
China 25.8%, South Korea 20.5%, Japan 7.8%, Thailand 4.9% (2017)
| 2016 | 2017 | 2018 |
| USD 12,600 million | USD 14,100 million |
USD 15,500 million |
| 2016 | 2017 | 2018 |
| USD 1,000 million | USD 480 million | USD 598 million |
| 2015 | 2016 | 2017 | 2018 |
| USD -1.6 million | USD 49.5 million | USD 26.7 million | USD 69.1 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:
70 out of 190 countries
Subcategories:
Starting a Business: 115 out of 190 countries
Dealing with Construction Permits: 25 out of 190 countries
Getting Electricity: 27 out of 190 countries
Registering Property: 64 out of 190 countries
Getting Credit: 25 out of 190 countries
Protecting Minority Investors: 97 out of 190 countries
Paying Taxes: 109 out of 190 countries
Trading across Borders: 104 out of 190 countries
Enforcing Contracts: 68 out of 190 countries
Resolving Insolvency: 122 out of 190 countries
67 out of 141 countries
(2019)
Ranking: 128 / Score: 55.3 (Mostly unfree)
(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 | 2015 | 2020* |
| 66.02 million | 77.64 million | 86.93 million | 91.71 million | 96.41 million |
*Estimate
| 1960 | 1980 | 2000 | 2018 |
| 14.7% | 19.2% | 24.4% | 35.9% |
Total population: 94.5%
Male: 96.3%
Female: 92.8%
Definition: age 15 and over can read and write (2015 est.)
8.4% (last available estimate, 2016)
35.3 (last available estimate, 2016)
(0=perfect equality, 100=absolute inequality)
Not Free
Political Rights: 7
Civil Liberties: 5 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 15%
Mobile: 147.2%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)
Hanoi: 112th
Ho Chi Minh City: 120th
(2019)