Field info displayed for all countries in alpha order.
Vietnam is a densely-populated developing country that in the last 30 years 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. While Vietnam’s economy remains dominated by state-owned enterprises, which still produce about 40% of GDP, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive export-driven industries. Vietnam joined the World Trade Organization in January 2007 following more than a decade-long negotiation process. Vietnam became an official negotiating partner in the developing Trans-Pacific Partnership trade agreement in 2010. Agriculture’s share of economic output has continued to shrink from about 25% in 2000 to about 22% in 2011, while industry’s share increased from 36% to 40% in the same period. Deep poverty has declined significantly, and Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. The global recession has hurt Vietnam’s export-oriented economy, with GDP in 2009-11 growing less than the 7% per annum average achieved during the last decade. In 2011, exports increased by more than 33%, year-on-year, and the trade deficit, while reduced from 2010, remained high, prompting the government to maintain administrative trade measures to limit the trade deficit. Vietnam’s managed currency, the dong, continues to face downward pressure due to a persistent trade imbalance. Since 2008, the government devalued it in excess of 20% through a series of small devaluations. Foreign donors pledged nearly $8 billion in new development assistance for 2011. However, the government’s strong growth-oriented economic policies have caused it to struggle to control one of the region’s highest inflation rates, which reached as high as 23% in August 2011 and averaged 18% for the year. In February 2011, Vietnam shifted its focus away from economic growth to stabilizing its economy and tightened fiscal and monetary policies. In early 2012 Vietnam unveiled a broad “three pillar” economic reform program, proposing the restructuring of public investment, state-owned enterprises and the banking sector. Vietnam’s economy continues to face challenges from low foreign exchange reserves, an undercapitalized banking sector, and high borrowing costs. The near-bankruptcy and subsequent default of the state-owned-enterprise Vinashin, a leading shipbuilder, led to a ratings downgrade of Vietnam’s sovereign debt, exacerbating Vietnam’s borrowing difficulties.
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$299.2 billion (2011 est.)

country comparison to the world: 43

$282.9 billion (2010 est.)
$265 billion (2009 est.)
note: data are in 2011 US dollars
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$123.6 billion (2011 est.)
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5.8% (2011 est.)

country comparison to the world: 50

6.8% (2010 est.)
5.3% (2009 est.)
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$3,300 (2011 est.)

country comparison to the world: 167

$3,200 (2010 est.)
$3,000 (2009 est.)
note: data are in 2011 US dollars
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agriculture: 22%
industry: 40%
services: 38% (2011 est.)
Field info displayed for all countries in alpha order.
46.48 million (2011 est.)

country comparison to the world: 13

Field info displayed for all countries in alpha order.
agriculture: 48%
industry: 22.4%
services: 29.6% (2011)
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2.3% (2011 est.)

country comparison to the world: 18

2.9% (2010 est.)
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14.5% (2010 est.)
Field info displayed for all countries in alpha order.
lowest 10%: 3.2%
highest 10%: 30.2% (2008)
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37.6 (2008)

country comparison to the world: 77

36.1 (1998)
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34.6% of GDP (2011 est.)

country comparison to the world: 21

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revenues: $32.8 billion
expenditures: $35.7 billion (2011 est.)
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26.5% of GDP (2011 est.)

country comparison to the world: 113

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-2.3% of GDP (2011 est.)

country comparison to the world: 85

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57.3% of GDP (2011 est.)

country comparison to the world: 44

57.1% of GDP (2010 est.)
note: data cover general government debt, and excludes debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment. Debt instruments for the social funds are not sold at public auctions.
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18.6% (2011 est.)

country comparison to the world: 214

9% (2010 est.)
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13% (31 December 2011)

country comparison to the world: 43

7% (31 December 2010)
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18% (31 December 2011 est.)

country comparison to the world: 64

13.135% (31 December 2010 est.)
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$32.9 billion (31 December 2011 est.)

country comparison to the world: 55

$32.08 billion (31 December 2010 est.)
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$130.5 billion (31 December 2011 est.)

country comparison to the world: 47

$127.1 billion (31 December 2010 est.)
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$151.2 billion (31 December 2011 est.)

country comparison to the world: 43

$138 billion (31 December 2010 est.)
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$26 billion (31 December 2011 est.)

country comparison to the world: 54

$37 billion (31 December 2010)
$35 billion (31 December 2009)
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paddy rice, coffee, rubber, tea, pepper, soybeans, cashews, sugar cane, peanuts, bananas; poultry; fish, seafood
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food processing, garments, shoes, machine-building; mining, coal, steel; cement, chemical fertilizer, glass, tires, oil, mobile phones
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7.5% (2011 est.)

country comparison to the world: 30

Field info displayed for all countries in alpha order.
106 billion kWh (2011 est.)

country comparison to the world: 32

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101 billion kWh (2011 est.)

country comparison to the world: 31

Field info displayed for all countries in alpha order.
535 million kWh (2009 est.)
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3.85 billion kWh (2009 est.)
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305,000 bbl/day (2011 est.)

country comparison to the world: 36

Field info displayed for all countries in alpha order.
321,500 bbl/day (2011 est.)

country comparison to the world: 38

Field info displayed for all countries in alpha order.
210,500 bbl/day (2011 est.)

country comparison to the world: 54

Field info displayed for all countries in alpha order.
227,000 bbl/day (2011 est.)

country comparison to the world: 45

Field info displayed for all countries in alpha order.
600 million bbl (1 January 2011 est.)

country comparison to the world: 45

Field info displayed for all countries in alpha order.
8.5 billion cu m (2011 est.)

country comparison to the world: 44

Field info displayed for all countries in alpha order.
9.5 billion cu m (2011 est.)

country comparison to the world: 47

Field info displayed for all countries in alpha order.
0 cu m (2011 est.)

country comparison to the world: 202

Field info displayed for all countries in alpha order.
1 billion cu m (2011 est.)

country comparison to the world: 58

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192.5 billion cu m (1 January 2011 est.)

country comparison to the world: 48

Field info displayed for all countries in alpha order.
-$4.74 billion (2011 est.)

country comparison to the world: 171

-$5.656 billion (2010 est.)
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$96.3 billion (2011 est.)

country comparison to the world: 40

$72.27 billion (2010 est.)
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clothes, shoes, marine products, crude oil, electronics, wooden products, rice, machinery
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US 18%, China 11%, Japan 11%, Germany 3.7% (2011 est.)
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$105.3 billion (2011 est.)

country comparison to the world: 32

$79.95 billion (2010 est.)
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machinery and equipment, petroleum products, steel products, raw materials for the clothing and shoe industries, electronics, plastics, automobiles
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China 22%, South Korea 13.2%, Japan 10.4%, Taiwan 8.6%, Thailand 6.4%, Singapore 6.4% (2011 est.)
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$16.76 billion (31 December 2011 est.)

country comparison to the world: 64

$12.93 billion (31 December 2010 est.)
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$37.34 billion (31 December 2011 est.)

country comparison to the world: 64

$32.84 billion (31 December 2010 est.)
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$67.65 billion (31 December 2011 est.)

country comparison to the world: 49

$77.95 billion (31 December 2010 est.)
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$7.7 billion (31 December 2009 est.)

country comparison to the world: 53

$5.3 billion (31 December 2008)
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dong (VND) per US dollar –
20,585.6 (2011 est.)
19,130.5 (2010 est.)
17,799.6 (2009)
16,548.3 (2008)
16,119 (2007)
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calendar year
Source: CIA World Factbook 2012
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About The Aseanists Time

The Aseanists Time is daily online newspaper and magazine covering on regional politic, economic, and social issues; science and technology, regional leaders, politic and economic in each ASEAN Member States along with ASEAN 6 (United States, Australia, Japan, South Korea, China, and India), regional natural disaster and climate change, regional business, finance and economic statistic and figure. Furthermore, We also cover on top 10 economic countries. Finally, we report ASEAN, EU and UN as well.

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