Viet Nam investment climate

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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)

FTA list of Vietnam up to June.2023