Economy of Vietnam
Economy of Vietnam
Currency
Vietnamese đồng
Fiscal year
Calendar year
Trade
organisations
AFTA, WTO
Statistics
GDP
$297.4 B (2007 est.)
GDP growth
8.5% (2007 est.)
GDP per capita $3,503 (2007 est.)
GDP by sector
Agriculture: 20.1%, industry:
41.8%, services: 38.1% (2006 est.)
Inflation (CPI)
20.3% (2008)[1]
Population
below poverty
line
14.8% (2007 est.)
Gini index
37 (2004)
Labour force
46.42 million (2007 est.)
Labour force
by occupation
Agriculture: 56.8%, industry: 37%,
services: 6.2% (July 2005)
Unemployment 5.1% (2007 est.)
Main
industries
Food processing, garments, shoes,
machine building, mining, cement,
chemical fertilizer, glass, tires, oil,
coal, steel, paper
External
Exports
$48.7 billion (2007 est.)
Export goods
Crude oil, marine products, rice,
coffee, rubber, tea, garments, shoes
, pepper
Main export
partners
U.S. 18.8%, Japan 13.2%, People’s
Republic of China 10.3%, Australia
6.9%, Singapore 5.2%, Germany
4.0%, United Kingdom 3.8% (2004)
Imports
$52.28 billion (2007 est.)
Import goods Machinery and equipment,
petroleum products, fertilizer, steel
products, raw cotton, grain,
cement, motorcycles
Main import
partners
P.R. China 13.9%, Taiwan 11.6%,
Singapore 11.3%, Japan 11.1%,
South Korea 10.4%, Thailand 5.8%,
Malaysia 3.8% (2004)
Gross External
Debt
$14.69 billion (2003)
Public finances
Public Debt
43.3% of GDP (2007 est.)
Revenues
$8.689 billion (2003 est.)
Expenses
$9.718 billion (2003 est.)
Economic aid
$2.8 billion pledged (2000)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars
Vietnam’s economy is a developing economy.
Throughout history, Vietnam was among ag-
ricultural centers of the world and soon had
some commercial port such as Phố Hiến and
Hội An. Over the past 20 years, Vietnam has
made the shift from a central command
planning -based economy to socialist oriented
mixed market economy (this period named
Đổi Mới- renovation). Over that period, the
economy has experienced rapid growth.
Nowadays, Vietnam is in the period of in