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Learn about the economy of Vietnam, a developing mixed socialist-oriented market economy and a lower-middle income country. Find out its GDP per capita by nominal and PPP, its GDP rank, its GDP growth rate, and its main industries and trade partners.
Although Vietnam's economy, which continues to expand at an annual rate in excess of 7 percent, is one of the fastest-growing in the world, the economy is growing from an extremely low base, reflecting the crippling effect of the Second Indochina War (1954–75) and repressive economic measures introduced in its aftermath, as well as the ...
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [1] This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person recalculated according to the changing number of the population of the country.
The turmoil among top leaders is raising questions about Vietnam’s political stability as its fast-growing economy plays an increasingly important role in world supply chains.
This list ranks Southeast Asian countries by their gross domestic products (GDP) in nominal US dollars. Indonesia is the largest economy in Southeast Asia, followed by Thailand, Singapore, Philippines, and Vietnam.
That is to show, both production and the standards of living improved over this period. Unlike many other fast-growing economies, the Vietnamese government diverted tax revenue collected from the expansion of economic activities to ensure that underdeveloped areas receive adequate investment in infrastructure and welfare.
U.N. Secretary-General António Guterres spoke of Trọng as "a pivotal figure in Vietnam's recent history," emphasizing that under his leadership, Vietnam has emerged as one of the world's fastest-growing economies and a vital partner of the United Nations.
Hanoi is the capital and second-most populous city of Vietnam, with a history dating back to the third century BCE. It has a rich cultural, economic and political role in the country and hosts many governmental and diplomatic institutions, as well as tourist attractions such as the Imperial Citadel and Ho Chi Minh Mausoleum.