Capital: Hanoi; GDP growth (annual %) 2016 : 6.2%;
Key Facts

Full name: Socialist Republic of Vietnam
Population: 89 million (UN, 2010)
Largest city: Ho Chi Minh City
Area: 329,247 sq km (127,123 sq miles)
Major language: Vietnamese
Major religion: Buddhism
Life expectancy: 73 years (men), 77 years (women) (UN)
Monetary unit: 1 dong = 100 xu
Main exports: Petroleum, rice, coffee, clothing, fish
GNI per capita: US $2,760 (World Bank, 2010)
Internet domain: .vn
International dialling code: +84

  • Climate change laws around the world


    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

  • Vietnam Year in Review 2016


    Strong domestic request and record high foreign investment inflows underpinned the continued rapid increase of the Vietnamese economy in 2016.

    According to data issued by the Government Statistics Office (GSO), GDP expanded by 6.2% in 2016, just shy of the government’s projection of 6.3% and slightly above the IMF’s estimate of 6.1%.

    While this was the initial time in four years that increase had slowed – from 6.7% in 2015 – per capita GDP rose 5% to a new high of $2215.

    Farming underperforming

  • Asia Economic Roundup: July 2016


    Without a doubt Britain’s decision to abandon the European project will be remembered globally as a wake-up call for political elites around the world. It seems the people chose to go against immediate economic interest and accept an extra financial turmoil in order to address deeply seated social and identity issues.

    Although Asia’s exposure to the UK is relatively limited and this is not exactly a “Lehman Moment”, nonetheless we can expect a lively debate as policymakers in Asia look for an appropriate response to address the needs of vulnerable households.

  • Lagarde: Vietnam Gearing Up For Next Transformation


    Good morning—Chào các bạn

    I would like to thank Prof. Dr. Tran Tho Dat and the National Economic University for inviting me—and thank you, the students, for this wonderful welcome.

  • Towards A Transboundary Haze-Free ASEAN By 2020: Prevention And Collaboration


    To sustain the efforts of a transboundary haze-free ASEAN, it is significant to remain vigilant and be prepared early enough to prevent any occurrence of fires. This calls for better early warning systems and swift deployment of fire-fighting resources even before the fires starts.

  • Vietnam Update


    In the completed year, according to the World Bank, Vietnam has seen improvements to its macroeconomic performance despite such increase being tempered by structural problems in the banking and national-owned enterprise (SOE) sectors. Further, the World Bank predicts that over the medium-term, increase will remain moderate if there are no major changes to the country’s financial and SOE sectors, said the Asia Briefing.

  • Will Vietnam’s FDI-led economy get stuck in a middle income trap?


    The Vietnamese economy has experienced a downturn in increase since 2008. In the completed five years, the increase averaged about 5.5 % a year and is not expected to be much higher in the coming years.

  • IMF Executive Board Concludes 2013 Article IV Consultation with Vietnam


    Vietnam regained macroeconomic stability over the past year, but the economy is progressing at two speeds. The export sector is performing well—especially foreign-invested enterprises—but the domestic sector, though improving, has yet to find a solid footing because of several factors, including low productivity, structure of resource allocation, impaired bank balance sheets and inefficiency in several state-owned enterprises (SOEs).