|Home :: Trade Leads By Country : Vietnam|
Leaving apart the economy of this country which is in a quite sad shape but the tourism here in this country has been progressive and develping at a very fast rate as a result of the increasing inflow of international arrivals, the Vietnamese tourism industry has been enjoying strong growth in incoming tourism receipts. In current value terms, 2005 incoming tourism receipts grew 64% compared to 1999, and 6% compared to 2003. However, tourism expenditure per capita per trip increased slightly, by 4% over the review period, but decreased 8% compared to 2003. The tourists are flooding the country in thousands and thousands year after year and making tourism a success here.
Business and Economy
Vietnam is a poor, densely-populated country that has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally-planned economy.the war that took place in Vietnam has ruined all the opportunities that Vietnam could have turned into golden opportunities and would have encashed on the financial front trying to come out of its debts and liabilities. Substantial progress was achieved from 1986 to 1996 in moving forward from an extremely low starting point - growth averaged around 9% per year from 1993 to 1997.
The major cities in Vietnam are Bien Hoa,Ða Nâng,Hai Phong,Ha Noi,Thanh Pho Ho Chi Minh.Ho chi Minh is the most famous city here that is known to al and the tourists who usually come here are very much interested in the city of Ho chi Minh first as it has a lot of history behind it that is quite interesting and worth enjoying.
GDP:purchasing power parity - $203.9 billion (2003 est.)
GDP - real growth rate: 7.3% (2003 est.)
GDP - per capita: purchasing power parity - $2,500 (2003 est.)
GDP - composition by sector:
services: 39% (2001 est.)
Population below poverty line: 37% (1998 est.)
Household income or consumption by percentage share:
lowest 10%: 3.6%
highest 10%: 29.9% (1998)
Distribution of family income - Gini index: 36.1 (1998)
Inflation rate (consumer prices): 3.9% (2002 est.)
Labor force: 38.2 million (1998 est.)
Labor force - by occupation: agriculture 63%, industry and services 37% (2000 est.)
Unemployment rate: 25% (1995 est.)
revenues: $5.3 billion
expenditures: $5.6 billion, including capital expenditures of $1.8 billion (1999 est.)
Industries: food processing, garments, shoes, machine-building, mining, cement, chemical fertilizer, glass, tires, oil, coal, steel, paper