ECON FACTBOOK

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Economy of Vietnam

Population: 90 million in 2013¹

GDP: $171 billion in 2013²

GDP per capita: $1,911 nominal³ ($5,293 PPP⁴) in 2013

GDP growth rate: 5.4% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ billions) 2012	Percent of total
Other activities	29	21.3%
Agriculture, hunting, forestry, fishing	27	20.1%
Manufacturing	24	18.0%
Wholesale, retail trade, restaurants and hotels	23	16.9%
Mining and utilities	19	14.0%
Construction	8	5.9%
Transport, storage and communication	5	3.8%
Total value added	136	100%

Employment

Unemployment rate: 2.0% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Agriculture, forestry and fishing	24,435	46.8%
Manufacturing	7,284	14.0%
Wholesale trade, retail trade and repair of motor vehicles	6,547	12.5%
Construction	3,258	6.2%
Accommodation and food service	2,211	4.2%
Education	1,808	3.5%
Public administration and defence	1,687	3.2%
Transportation and storage	1,496	2.9%
Other service	778	1.5%
Human health and social work	501	1.0%
Finance and insurance	334	0.6%
Arts, entertainment and recreation	281	0.5%
Information and communication	267	0.5%
Mining and quarrying	267	0.5%
Professional, scientific and technical	243	0.5%
Administrative and support service	225	0.4%
Activities of households as employers	174	0.3%
Real estate	150	0.3%
Electricity, gas, steam and air conditioning	131	0.3%
Water supply, sewerage and waste management	117	0.2%
Not elsewhere classified	10	0.0%
Extraterritorial organizations and bodies	4	0.0%
Total employment	52,208	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $305 billion (178% of GDP) in 2014¹⁰

Household Wealth per Adult: $4,887 in 2014¹⁰

Gini Coefficient: .356 in 2012¹¹

Government

Central Government

Central Government Revenue: $43 billion (25% of GDP) in 2013¹²

Central Government Expenditure: $50 billion (29% of GDP) in 2013¹²

Central Government Budget Balance: -$7 billion (-4% of GDP)¹²

Central Government Public Debt: $60 billion (34% of GDP) in 2013* ¹³

Central Government 10 Year Bond Interest Rate: 6.80% on Jan 28, 2015 ¹⁴

* Public debt calculated using the exchange rate 21,350 VND = 1 USD

Government Funds

Tax Structure

Individual Income Tax Rates and Thresholds in 2012* ¹⁵

5%: $0-$2,810
10%: $2,811-$5,620
15%: $5,621-$10,117
20%: $10,118-$17,986
25%: $17,987-$29,227
30%: $29,227-$44,964
35%: $44,964+

Corporate Tax Rate: 22% in 2014¹⁶

* Individual thresholds calculated using the exchange rate 21,350 VND = 1 USD

Monetary Policy

Money Supply (M0): N/A

Benchmark Interest Rate: Refinancing Interest Rate = 6.5% in Jan 2015¹⁷

Total Reserves: $26 billion (15% of GDP) in 2013¹⁸

Exchange Rate: 21,350 Vietnamese Dong = 1 U.S. Dollar on Jan 28, 2015¹⁹

Inflation: 6.6% in 2013²⁰

Financial Institutions

Top 10 Financial Institutions by Assets 2013²¹

N/A (data not available at Relbanks.com)

International Accounts

Exports: $129 billion (76% of GDP) in 2013²²

Imports: $121 billion (71% of GDP) in 2013²²

Trade Balance: +$8 billion (5% of GDP) in 2013²²

Foreign Direct Investment Inflow: $9 billion (5% of GDP) in 2013²³

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $4 billion (2% of GDP) in 2012²⁴

Foreign Aid Outflow: N/A

References