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GDP per capita development in Vietnam. The economy of Vietnam is a developing mixed socialist-oriented market economy. [3] It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a upper-middle income country with a low cost of living.
The main environmental concern that persists in Vietnam today is the legacy of the use of the chemical herbicide Agent Orange, which continues to cause birth defects and many health problems in the Vietnamese population. In the southern and central areas affected most by the chemical's use during the Vietnam War, nearly 4.8 million Vietnamese ...
Vietnam is located on the eastern margin of the Indochinese peninsula and occupies about 331,211.6 square kilometres (127,881.5 sq mi), of which about 25% was under cultivation in 1987. It borders the Gulf of Tonkin , Gulf of Thailand , and Pacific Ocean, along with China, Laos , and Cambodia .
Anhao Paper Factory, 1961. South Vietnam had a small industrial sector and fell far behind other countries in the region in this respect. [1] Output increased 2.5 to 3 times over the 20 years of the country's existence, but the share in total GDP remained at only around 10%, even dropping to 6% in some years, while the economy was dominated by strong agricultural and service sectors. [1]
The location of Vietnam An enlargeable relief map of the Socialist Republic of Vietnam. The following outline is provided as an overview of and topical guide to Vietnam: Vietnam – sovereign country located on the eastern extent of the Indochinese Peninsula in Southeast Asia. [1]
Real estate tycoon Truong My Lan faces the death penalty in a trial that began Tuesday over alleged fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP and Vietnam's largest ...
Vietnam also lags behind China in terms of property rights, the efficient regulation of markets, and labor and financial market reforms. State-owned banks that are poorly managed and suffer from non-performing loans still dominate the financial sector. [3] Vietnam had an average growth in GDP of 7.1% per year from 2000 to 2004.
Measures of personal income include average wage, real income, median income, disposable income and GNI per capita. Comparisons of GDP per capita are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries, see List of countries by GDP (PPP) per capita .