Viet Nam investment climate
TOP ECONOMIC GROWTH OF SOUTHEAST ASIA
- Land area: ~321,210 km2
- Population: ~98 million people
- Currency: Vietnamese Dong (VND)
- GDP: $343.7 billion (2020), GDP per capita: $3,521 (2020)
- Annual GDP growth (Year 2018: 7.08%; Year 2019: 7.02%; Year 2020: 2.92%)
- Foreign exchange reserves: $120 billion (as of May 2023)
- Trade volume: $543 billion (2020)
- International arrivals to Vietnam: 18 million people in 2019
- Inflation (CPI): CPI growth was 3.23% in 2020
- Labor force in working age: 55 million people in 2020, among them, male labor accounted for 51.5%
- Unemployment rate: 2.48% (2020).
STRATEGIC LOCATION
- Southeast Asia’s hub
- A crucial transshipment point in the Asian maritime route through the South China Sea, connecting two of Asia’s busiest ports, Singapore and Hong Kong
- Possessing vital maritime routes linking the Pacific Ocean – Indian Ocean, Europe – Asia, and the Middle East – Asia
- Domestic market of over 98 million people
INFRASTRUCTURE
- 250,000 km of road: 22,000km of national road and 4,600 km of highway (2021)
- 28 airports (11 international airports)
- 45 seaports: 8 seaports type IA (international standard gateway port) and 12 seaports type I (regional focal point container port)