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In Vietnam, agriculture, forestry and fisheries, are important sectors of the economy, accounting for 21 percent of GDP in 2009. [5] Vietnam possesses certain comparative advantages in agriculture and forestry due to the country's abundance of factors in favor of productive crop like cultivation land, forest cover, sea territories, tropical ...
Vietnam had an average growth in GDP of 7.1% per year from 2000 to 2004. The GDP growth was 8.4% in 2005, the second largest growth in Asia, trailing only China's. Government figures of GDP growth in 2006, was 8.17%. According to Vietnam's Minister of Planning and Investment, the government targets a GDP growth of around 8.5% for 2007.
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]
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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 relations between ancient Indonesia and Vietnam, particularly Southern Vietnam, began around the 7th century, since the era of the Champa, Srivijaya, and later Majapahit kingdoms. [1]: 225 In mid-11th century, Vietnamese king Ly Thanh Tong (r. 1054–1071) was said to have purchased a precious pearl from a Javanese merchant.
Vietnam is one of the world's richest agricultural regions and is the second-largest (after Thailand) exporter worldwide and the world's seventh-largest consumer of rice. [1] The Mekong Delta is the heart of the rice-producing region of the country where water, boats, houses and markets coexist to produce a generous harvest of rice. [ 2 ]
Vietnam's ethnic mosaic results from the peopling process in which various peoples came and settled the territory, leading to the modern state of Vietnam by many stages, often separated by thousands of years over a duration of tens of thousands of years. Vietnam's entire history, thus, is an embroidery of polyethnicity. [17]