Vietnam's economic situation in the first 9 months of 2019

Last Updated: 25th June 2019 General Nation Socialist Republic of Vietnam Capital Hanoi (2017 population 7.66 million) Independence day September 2nd 1945 Politics One-party state (Communist State) Army Vietnam’s People Army Currency Vietnam Dong Geography Location Southeast Asia Provinces 5 municipalities and 58 provinces Area 331,230.8 km2 Climate Tropical and Monsoon Time zone GMT+7 Demography

Vietnam ranked among the world’s top highest female labour-force participation rates ranking. Statistics from ILO shows that, as of 2018, Vietnam ranked 12th in world and 2nd in South East Asia as their proportion of women aged 15 to 64 in the labour force reached over 79%. Along with high female labor-force participation share, the

The total revenue of Vietnam tourism industry in 2018 was calculated at USD 26,655 million (~VND 620,000 billion). The growth rate achieved 21.4%, decreased 6.1% in comparison with 2017 (27.5%). The total quantity of tourists in 2018 also reached 95.4 million, rose 10.8% over 2017 (86.1 million). In particular, the quantity of foreigner visitors in

Unemployment rate (overall) Unemployment rate of working-age labor was 2.24%, lower than the rate of 2.3% in 2016, of which it was 3.18% for the urban area; 1.78% for the rural area.   Underemployment rate (overall) Underemployment rate of working-age labor = 1.62%, lower than the rate of 1.66% in 2016, of which it was

Revenue   Total government revenues = 1,288.665 trillion dongs, of which domestic revenues = 1,032.164 trillion dongs, collecting from export and import duty = 97.018 trillion dongs and from oil = 49.5 trillion dongs.   Expenditure   Total government expenditures = 1462.965 trillion dongs, of which spending for development investment = 365.526 trillion dongs; spending

Export (Services)   Estimated service export turnovers in 2016 = US$ 12.3 billion (up 8.9% over 2015), of which travel services gained US$ 8.3 billion (67.3% of the total turnovers and up 12.2%); transport services achieved US$ 2.4 billion (20% and up 0.7%).   Import (Services)   Estimated service import turnovers in 2016 = US$

Retail sales (Total)   Total estimated retail sales of consumer goods and services= 3527.4 trillion dongs (up 10.2% over 2015), if the price factor were excluded, the growth rate would be 7.8%, lower than the growth rate of 8.5% in the previous year due to having no significant change in purchasing power, while the consumer

Overall   In general, trade balance of goods in 2016 was a surplus of US$2.68 billion, of which the domestic economic sector had a trade deficit of US$ 21.02 billion; the FDI sector had a trade surplus of US$ 23.70 billion.   Export (Goods) Estimated export turnovers of goods in 2016 = US$ 175.9 billion

Last Updated：17th Jan 2017 General Nation Social Republic of Vietnam Capital Hanoi ( 7.25 million) Independence day September 2nd  1945 Politics One-party state Army Vietnam’s People Army Currency Vietnam Dong Geography Location Southeast Asia Provinces 5 municipalities and 58 provinces Area 330966.9 km2 Climate Tropical and Monsoon Time zone GMT+7 Demography Population (2016 Feb) 94.1