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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 lower-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 ...
"PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries." "Typically, higher income countries have higher price levels, while lower income countries have lower price levels (Balassa–Samuelson effect). Market exchange rate-based cross-country ...
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.
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 ...
1886 map of Indochina, from the Scottish Geographical Magazine. In Indian sources, the earliest name connected with Southeast Asia is Yāvadvīpa []. [1] Another possible early name of mainland Southeast Asia was Suvarṇabhūmi ("land of gold"), [1] [2] a toponym, that appears in many ancient Indian literary sources and Buddhist texts, [3] but which, along with Suvarṇadvīpa ("island" or ...
Geographically, the peninsula encompasses most of Chile, Argentina, Uruguay and Southern Brazil and the southernmost portion of Paraguay, which makes it one of the largest peninsulas in the world. Like the Indian Peninsula, the Southern Cone is sometimes considered to be a subcontinent. [10]
In 2011 the Central Committee of the Communist Party of Vietnam, at the 11th National Congress of the Communist Party of Vietnam, released an official statement about Vietnam's foreign policy and a section of the statement stated: "Vietnam is a friend and reliable partner of all countries in the international community, actively taking part in ...