Vietnam Facts

Economic reforms have turned Vietnam into the third fastest growing economy in the region, following China and India in 2007. Growth in Manufacturing and Construction has been the main engine for GDP growth in Vietnam.Biggest contributions to GDP growth in 2007 include: Manufacturing: 10.6%, Services: 8.7% andAgriculture: 3.5%A record growth rate of 8.4% has been achieved in 2007
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Vietnam FactsVietnamFactsFrankfurt,30/4/2008 0Content1. Vietnameconomicoutlook2.Majorreforms 11 VietnamEconomicOutlook 2MajorsocioeconomicindicesRapidgrowthhasbeenmaintained,inflationundercontrol.2006hasmarkedahighgrowthrateof8.2%peryear Real Real Real Real Real 2003 2004 2005 2006 2007GDPGrowthRate 7.2% 7.7% 8.4% 8.17% 8.48%Industry 10.3% 10.2% 10.6% 10.4% 10.6%Agriculture,Forestry,Fishery 3.2% 3.5% 4.0% 3.6% 3.5%Services 6.6% 7.5% 8.5% 8.29% 8.7%CPI 3.0% 9.5% 8.4% 6.6% 12.6%ExportEarningGrowth 20.8% 28.9% 22.4% 22.0% 22%BudgetDeficit/GDP 2.0% 1.5% 1.6% 1.8% 1.8%TotalInvestment/GDP 35.0% 36.6% 38.7% 40% 41.5%FDI(US$tỷ) 2.65 2.90 3.30 4.1 16.2PoorHouseholdPercentage NA 18.1% NA 15.47 14.75%UrbanUnemploymentRate 5.8% 5.6% 5.13% 5.32% 5.1%Phầntrămthờigianởkhuvựcnôngthôn 77.4% 79.3% 80.7% NA NAJobCreation(thousandpeople) 1,500 1,100 1.200 1.500 1.550ChildrenProportion 28% 26% 26% NA NANguồn:BTC 3OneofthefastestgrowingeconomiesinAsia–SustainableGDPGrowth EconomicreformshaveturnedVietnamintothethirdfastestgrowingeconomyintheregion,followingChina andIndiain2007 „ GrowthinManufacturingandConstructionhasbeenthemainengineforGDPgrowthinVietnam „ BiggestcontributionstoGDPgrowthin2007include:Manufacturing:10.6%,Services:8.7%and Agriculture:3.5% „ Arecordgrowthrateof8.4%hasbeenachievedin2007 RealGDPGrowth(20002006E) GDPGrowthintheRegion (Giácả hiệntại) (%) 8.4% 8.2% 8.5% Nước 2004 2005 2006 2007 7.8% 7.3% China 10.1 10.4 11.1 11.4 6.8% 6.9% 7.1% India 7.9 9.1 9.7 9.2 Vietnam 7.8 8.4 8.2 8.5 Singapo 9.0 7.3 8.2 7.7 Indonesia 5.0 5.7 5.5 6.3 Malaysia 6.8 5.0 5.9 6.3 Philippines 6.6 4.9 5.4 7.3 2000 2001 2002 2003 2004 2005 2006 2007 TháiLan 6.3 4.5 5.1 4.9Source:MinistryofFinance Source:IMF Vietnamhasgoodconditionstosuccessfullycompleteitsindustrializationprocess 4ReasonableGDPGrowthRatesEventhoughtheservicessectorshavebeengrowingsteadily,makingremarkablecontributionstotheoveralleconomicgrowth,thecountry’sGDPgrowthhasstillmainlyattributedtothemanufacturingsector(%share) RealGDPContribution (%YoY) GDPGrowthBySector 100.0 100.0 100.0 100.0 100.0 10,6 10,37 10,6 22,4 20,2 19,6 20,36 20,25 10,3 10,2 9,4 38,7 ...