Vietnam

Continent

Asia

Capital

Hanoi (Ha Noi)

Population

105,758,975

Sub-Zones

General Information

Basic details about Vietnam

Population:: 105,758,975
Area:: 331,210 sq km
Currency:: dong
Languages:: Vietnamese, English, some French, Chinese, and Khmer, mountain-area languages

Economic Overview

Key economic indicators for Vietnam

GDP:: $1.354 trillion
GDP per Capita:: $13,500
GDP Growth:: 5.05%
Inflation:: 3.25%
Unemployment:: 1.6%
Public Debt:: 58.5% of GDP
Credit Rating:: BB (2019)

Political System

Governance structure of Vietnam

Government Type:: communist party-led state
Head of State:: President Luong CUONG (since 21 Oct 2024)
Head of Government:: Prime Minister Pham Minh CHINH (since 26 July 2021)
Judiciary:: Supreme People's Court (consists of the chief justice and 13 judges)
Administrative Divisions:: 58 provinces (tinh, singular and plural) and 5 municipalities (thanh pho, singular and plural)

Major Political Parties

Not specified

International Relations

Global position and alliances

UN Member:: Yes
EU Member:: No
Diplomatic Presence:: 1233 20th Street NW, Suite 400, Washington, DC 20036

Major Alliances and Organizations

ASEAN

Economic Sectors & Trade

Detailed economic breakdown

Major Economic Sectors

Agriculture

12% (2023 est.)

Industry

37.1% (2023 est.)

Services

42.5% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

Trade Volume

Exports:: $375.1 billion
Imports:: $339.859 billion

Major Trading Partners

USA 28

China 20

Japan 6

Hong Kong 4

Germany 3

Economic Outlook

Vietnam has a 5.05% GDP growth rate with 3.25% inflation. The economy is characterized by a strong agriculture sector.