Economy of Vietnam PDF

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MACROECONOMICSPERSONAL PROJECTFull name: Nguyen Minh HieuMajor: Financial AdministrationStudent ID: 25202305240Class: ECO 152 DIDuy Tan UniversityDepartment of Business AdministrationContentsGeneral information:.....................................................Location:..............................

Description

Duy Tan University Department of Business Administration

MACROECONOMICS PERSONAL PROJECT

Full name: Nguyen Minh Hieu Major: Financial Administration Student ID: 25202305240 Class: ECO 152 DI

Contents General information:.....................................................2 Location:...............................................................................................3 Climate:................................................................................................3 Biodiversity:........................................................................................3 Population:...........................................................................................4

Economy of Vietnam.....................................................5 1. GDP (Gross Domestic Product):.........................................................5 2. GNP (Gross National Product):..........................................................7 ................................................................................................................7 3. National income:...............................................................................8 4. Export and Import:..........................................................................10 5. Unemployment:..............................................................................16 6. Inflation:.........................................................................................17

SOURCES:      

https://www.wikipedia.org/ https://www.macrotrends.net/ https://www.theglobaleconomy.com/ https://tradingeconomics.com/ https://www.vietnamtrades.com/ https://solieukinhte.com/

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I. General information: Vietnam, officially the Socialist Republic of Vietnam, is the easternmost country on the Southeast Asian Indochinese Peninsula.

Flag Vietnam is

Emblem

Geographical location: located on the eastern

margin of the Indochinese peninsula and occupies about 331,211.6 square kilometers. The elongated roughly S shaped country has a north-to-south distance of 1,650 km and is about 50 km wide at the narrowest point. With a coastline of 3,260 km excluding islands, Vietnam claims 12 nautical miles. It has an exclusive economic zone of 417,663 km2 with 200 nautical miles

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Location: Vietnam is located on the eastern Indochinese Peninsula between the latitudes 8° and 24°N, and the longitudes 102° and 110°E. It covers a total area of approximately 331,212 km2. The combined length of the country's land boundaries is 4,639 km and its coastline is 3,444 km long. Climate: Due to differences in latitude and the marked variety in topographical relief, Vietnam's climate tends to vary considerably for each region. Vietnam is one of the world's countries most vulnerable to climate change, with 55% of its population living in low-elevation coastal areas. Topographic area of Indochina peninsula

Biodiversity: As the country is located within the Indomalayan realm, Vietnam is one of twenty-five countries considered to possess a uniquely high level of biodiversity. 15,986 species of flora have been identified in the country, of which 10% are endemic. Vietnam's fauna includes: 307 nematode species, 200 oligochaeta, 145 acarina, 113 springtails, 7,750 insects, 260 reptiles, and 120 amphibians. 840 birds and 310 mammals are found in Vietnam, of which 100 birds and 78 mammals are endemic.[182] Vietnam has two World Natural Heritage Sites, the Ha Long Bay and Phong Nha-Ke Bang National Park

Native species in Vietnam

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Population: + The current population of Vietnam is 97,121,879 as of Thursday, April 2, 2020, based on Worldometer elaboration of the latest United Nations data. + The current population of Vietnam (or Viet Nam) is 97,121,879 as of Thursday, April 2, 2020, based on Worldometer elaboration of the latest United Nations data. + Vietnam ranks number 15 in the list of countries (and dependencies) by population. + The population density in Vietnam is 314 per Km2. 37.7 % of the population is urban (36,727,248 people in 2020). The median age in Vietnam is 32.5 years.

The increase of growing population in Vietnam

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II. Economy of Vietnam 1. GDP (Gross Domestic Product):  The Gross Domestic Product (GDP) in Vietnam was worth 255 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Vietnam represents 0.21 percent of the world economy.

Vietnam’s GDP rate from 2010 to 2020 (unit: USD Billion)

 Vietnam's gross domestic product advanced by 3.82 percent year-onyear in the first quarter of 2020, following a downwardly revised 6.79 percent growth in the previous period. This was the slowest GDP growth rate since the second quarter of 2009, hampered by the coronavirus pandemic and weaker global demand. Manufacturing rose 7.12 percent, services advanced 3.27 percent and agriculture went up only 0.08 percent. The government is targetting an economic growth of 6.8% this year, but warned that it could slow to 6% if the virus effects continue in the second quarter.

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 GDP per capita in Vietnam averaged 928.61 USD from 1984 until 2018, reaching an all time high of 1964.50 USD in 2018 and a record low of 377.50 USD in 1984.

Vietnam GDP per capita from 2010 to 2020 (unit: USD Billion)

2. GNP (Gross National Product): 6

 Gross National Product in Vietnam increased to $229.43 billion in 2018 from $206.72 Billion in 2017. Vietnam's GNP rate between 2009 and 2018 (unit: USD Billion) 250.00 229.43 206.72 194.60

200.00

182.49 172.36 156.27

150.00

138.09 122.03 110.30

100.00

88.29

50.00

0.00

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

7

3. National income:

 Vietnam’s Gross National Income (GNI) data was reported at 5,154,552.000 VND in Dec 2018. This records an increase from the previous number of 4,628,741.000 VND for Dec 2017.

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Vietnam GNI rate from 2009 to 2018 (unit: USD billion) 250.00

229.43

200.00 172.36

182.49

194.60

206.72

156.27 150.00

138.09 110.30

100.00

122.03

88.29

50.00

0.00

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

9

Vietnam GNI rate per capita from 2009 to 2018 (unit: billion) 3,000 2,400

2,500 2,000

1,880

1,970

2,080

2,190

1,720 1,540

1,500 1,250

1,000

1,370

1,010

500 0

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

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4. Export and Import:  Vietnam recorded a constant rise in total exports during the last five years. Major increase in the value of total export commodities recorded in the last two years when Vietnam did above US$ 200000 million of export business in the world.  Our Vietnam import data reveal that the country recorded a rise in the total value in the last five years. The highest value of about US$ 250000 million registered in 2018.

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 From a continental perspective, 52.8% of Vietnam exports by value were delivered to Asian countries while 21.8% were sold to North American countries. And remaining shipments were delivered in Europe, Latin America, Australia and Africa, customs data of Vietnam exports reveal. 13

 From a country perspective, Vietnam shipped goods to United States of America, followed by China, Japan, South Korea and Hong Kong.

 As per import data of Vietnam, country’s major import source is China from where it purchased goods worth US$ 58 billion in 2018. Vietnam’s top 10 import partners shared more than 80% of the overall value. Import statistics of Vietnam reveals the following top ten import sources of the country.

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 A 2 70% of the overall export shipments.

US$ e than

 Vietnam purchased goods worth US$ 258 billion in 2018 up by 21.5% from the previous year, as per Vietnam import statistics. Vietnam’s top 15

10 imports approach almost 60% of the overall value of the country’s total commodities purchased from the foreign suppliers.

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

%)

Vietnam inflation rate from 2009 to 2019 (unit: percent) 20

18.68

18 16 14 12 10 8

9.09

8.86 7.05

6.59

6

4.71

4 2 0 

3.24

3.52

3.54

2016

2017

2018

2.79

0.88

2009

2010

2011

2012

2013

2014

2015

2019

Vietnam inflation rate in 2019 decreased to 2.79 percent, which was the lowest rate, compared to the last 4 years.

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