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Vietnam - Trade & Marketing Information
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ALIGN="RIGHT" SRC="/cgtd/global/asia/vietnam.gif"> Vietnam - key economic data 


Economy Overview:

    Vietnam has made significant progress in recent years moving away from the
    planned economic model toward a more effective market-based economic system.
    Most prices are now fully decontrolled, and the Vietnamese currency has been
    effectively devalued and floated at world market rates. In addition, the
    scope for private sector activity has been expanded, primarily through
    decollectivization of the agricultural sector and introduction of laws
    giving legal recognition to private business. Nearly three-quarters of
    export earnings are generated by only two commodities, rice and crude oil.
    Led by industry and construction, the economy did well in 1993 and 1994 with
    output rising 7% and 9% respectively. However, the industrial sector remains
    burdened by noncompetitive state-owned enterprises the government is
    unwilling or unable to privatize. Unemployment looms as a serious problem
    with roughly 20% of the work force without jobs and with population growth
    swelling the ranks of the labor force yearly.
    
    Latest Vietnam Business News

National product:
    GDP - purchasing power parity - $83.5 billion (1994 est.)
National product real growth rate:
    8.8% (1994 est.)
National product per capita:
    $1,140 (1994 est.)
Inflation rate (consumer prices):
    14.4% (1994)
Unemployment rate:
    20% (1994 est.)
Budget:
  revenues:
    $3.6 billion
  expenditures:
    $4.5 billion, including capital expenditures of $NA (1994 est.)



Industrial production:

    growth rate 13% (1994 est.); accounts for 21% of GDP
Electricity:
  capacity:
    2,200,000 kW
  production:
    9.7 billion kWh
  consumption per capita:
    125 kWh (1993)



Economic Activity


Industries:

    food processing, textiles, machine building, mining, cement, chemical
    fertilizer, glass, tires, oil



Agriculture:
    accounts for 36% of GDP; paddy rice, corn, potatoes make up 50% of farm
    output; commercial crops (rubber, soybeans, coffee, tea, bananas) and animal
    products 50%; since 1989 self-sufficient in food staple rice; fish catch of
    943,100 metric tons (1989 est.); note - the third largest exporter of rice
    in the World, behind the US and Thailand
Vietnam - key foreign trade data 



Exports:

    $3.6 billion (f.o.b., 1994 est.)
  Commodities:
    petroleum, rice, agricultural products, marine products, coffee
   Major Trade Partners::
    Japan, Singapore, Hong Kong, France, South Korea



Imports:

    $4.2 billion (f.o.b., 1994 est.)
  Commodities:
    petroleum products, machinery and equipment, steel products, fertilizer, raw
    cotton, grain
   Major Trade Partners::
    Singapore, Japan, South Korea, France, Hong Kong, Taiwan
External debt:
    $4 billion Western countries;  $4.5 billion CEMA debts primarily to Russia;
Vietnam - Trade, Industry & Marketing information

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