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Agriculture's share of GDP has declined in recent years, falling from 42% in 1989, to 26% in 1999. [1] In 2023, agriculture and forestry accounted for about 12% of Vietnam's gross domestic product (GDP). [2] However, agricultural employment was much higher than agriculture's share of GDP; in 2005, approximately 60 percent of the employed labor ...
The Ministry of Agriculture and Rural Development (MARD, Vietnamese: Bộ Nông nghiệp và Phát triển Nông thôn) is a government ministry responsible for rural development and the governance, promotion and nurturing of agriculture and the agriculture industry, in Vietnam. The purview of the Ministry includes forestry, aquaculture ...
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.
In the first quarter of 2024, Vietnam’s economy expanded 5.7% year on year. While that was faster than the 3.4% growth reported the previous quarter, it was still a lower-than-expected result ...
Irrigation in Vietnam. Although it is a country of high annual rainfall, irrigation in Vietnam is widespread. The reason is the uneven distribution of rainwater in space and in time. Irrigation management is mainly dominated by the state whereas there have been certain reforms leading to change during the last years.
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]
China. South Africa. Brazil. 1 Wood fuel includes all wood for fuel as firewood, wood pellets, and charcoal. 2 Sawnwood includes all sawn wood, dimensional lumber. 3 Wood-based panel includes all plywood, particleboard, fiberboard and veneer sheets. 4 Paper and Paperboard includes all paper, sanitary paper, and packaging materials.
In 1993, the government further liberalized the agricultural sector with the adoption of the Land Law which gave land holders the rights of "exchange, transfer, inheritance, lease, and mortgage" of their leased land, The reforms were successful. Rice production in Vietnam rose from 15,103,000 metric tons in 1987 to 32,554,000 metric tons in ...