vietnam is a densely populated developing country

Excessive noise is a problem in almost every densely populated developing nation on the planet. a Vietnamese co-worker architect at one time referred to the Filipino employees of a contracting company as "minions". She got a written reprimand from my boss. Noise in highly populated developing countries is just one of those things that Brazil's President declared: "We all know that all countries have problems. The sensationalist attacks we have suffered due to fire outbreaks have aroused our patriotic sentim The country has embarked upon an industrial policy designed to diversify the economy away from overdependence on the oil sector, by developing light industry. Additionally, the policy aims to reduce the influence of foreign investment and foreign personnel; the government has engaged in several disputes with foreign oil companies over the terms Vay Tiền Nhanh Chỉ Cần Cmnd Asideway. ECONOMY 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. Substantial progress was achieved from 1986 to 1997 in moving forward from an extremely low level of development and significantly reducing poverty. Growth averaged around 9% per year from 1993 to 1997. The 1997 Asian financial crisis highlighted the problems in the Vietnamese economy and temporarily allowed opponents of reform to slow progress towards a market oriented economy. GDP growth of in 1997 fell to 6% in 1998 and 5% in 1999. Growth then rose to 7% in 2000-04 even against the background of global recession. Since 2001, however, 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. However, equitization of state-owned enterprises and reduction in the proportion of non-performing loans has fallen behind schedule. Vietnam's membership in the ASEAN Free Trade Area AFTA and entry into force of the US-Vietnam Bilateral Trade in December 2001 have led to even more rapid changes in Vietnam's trade and economic regime. Vietnam's exports to the US doubled in 2002 and again in 2003. Vietnam is working toward accession to the WTO in 2005. Among other benefits, accession will allow Vietnam to take advantage of the phase out of the Agreement on Textiles and Clothing, which eliminated quotas on textiles and clothing for WTO partners on 1 January 2005. Vietnam is working to promote job creation to keep up with the country's high population growth rate. However, in 2004, high levels of inflation prompted Vietnamese authorities to tighten monetary and fiscal policies. GDP purchasing power parity - $ billion 2004 est. GDP - real growth rate 2004 est. GDP - per capita purchasing power parity - $2,700 2004 est. GDP - composition by sector agriculture industry services 2004 est. Investment gross fixed of GDP 2004 est. Population below poverty line 2002 est. Household income or consumption by percentage share lowest 10% highest 10% 1998 Distribution of family income - Gini index 1998 Inflation rate consumer prices 2004 est. Labor force million 2004 est. Labor force - by occupation agriculture 63%, industry and services 37% 2000 est. Unemployment rate 2004 est. Budget revenues $ billion expenditures $ billion, including capital expenditures of $ billion 2004 est. Public debt of GDP 2004 est. Agriculture - products paddy rice, coffee, fish and seafood, rubber, cotton, tea, pepper, soybeans, cashews, sugar cane, peanuts, bananas, poultry Industries food processing, garments, shoes, machine-building, mining, cement, chemical fertilizer, glass, tires, oil, coal, steel, paper Industrial production growth rate 16% 2004 est. Electricity - production billion kWh 2002 Electricity - consumption billion kWh 2002 Electricity - exports 0 kWh 2002 Electricity - imports 0 kWh 2002 Oil - production 359,400 bbl/day 2004 est. Oil - consumption 185,000 bbl/day 2001 est. Oil - exports NA Oil - imports NA Oil - proved reserves 650 million bbl 2004 est. Natural gas - production billion cu m 2001 est. Natural gas - consumption billion cu m 2001 est. Natural gas - exports 0 cu m 2001 est. Natural gas - imports 0 cu m 2001 est. Natural gas - proved reserves billion cu m 2004 Current account balance $ billion 2004 est. Exports $ billion 2004 est. Exports - commodities crude oil, marine products, rice, coffee, rubber, tea, garments, shoes Exports - partners US Japan Australia China Germany Singapore UK 2003 Imports $ billion 2004 est. Imports - commodities machinery and equipment, petroleum products, fertilizer, steel products, raw cotton, grain, cement, motorcycles Imports - partners China Taiwan Japan South Korea 11%, Singapore US Thailand Hong Kong 2003 Reserves of foreign exchange & gold $ billion 2004 est. Debt - external $ billion 2004 est. Economic aid - recipient $ billion in credits and grants pledged by international donors for 2000 2004 Currency dong VND Currency code VND Exchange rates dong per US dollar - 15,787 2004, 15, 2003, 15, 2002, 14, 2001, 14, 2000 Fiscal year calendar year Economy - overview Vietnam is a densely populated developing country that has been transitioning since 1986 from the rigidities of a centrally planned, highly agrarian economy to a more industrial and market based economy, and it has raised incomes substantially. Vietnam exceeded its 2017 GDP growth target of with growth of primarily due to unexpected increases in domestic demand, and strong manufacturing has a young population, stable political system, commitment to sustainable growth, relatively low inflation, stable currency, strong FDI inflows, and strong manufacturing sector. In addition, the country is committed to continuing its global economic integration. Vietnam joined the WTO in January 2007 and concluded several free trade agreements in 2015-16, including the EU-Vietnam Free Trade Agreement which the EU has not yet ratified, the Korean Free Trade Agreement, and the Eurasian Economic Union Free Trade Agreement. In 2017, Vietnam successfully chaired the Asia-Pacific Economic Cooperation APEC Conference with its key priorities including inclusive growth, innovation, strengthening small and medium enterprises, food security, and climate change. Seeking to diversify its opportunities, Vietnam also signed the Comprehensive and Progressive Agreement for the Transpacific Partnership in 2018 and continued to pursue the Regional Comprehensive Economic continue its trajectory of strong economic growth, the government acknowledges the need to spark a second wave’ of reforms, including reforming state-owned-enterprises, reducing red tape, increasing business sector transparency, reducing the level of non-performing loans in the banking sector, and increasing financial sector transparency. Vietnam’s public debt to GDP ratio is nearing the government mandated ceiling of 65%.In 2016, Vietnam cancelled its civilian nuclear energy development program, citing public concerns about safety and the high cost of the program; it faces growing pressure on energy infrastructure. Overall, the country’s infrastructure fails to meet the needs of an expanding middle class. Vietnam has demonstrated a commitment to sustainable growth over the last several years, but despite the recent speed-up in economic growth the government remains cautious about the risk of external shocks. Definition This entry briefly describes five economic components for a given country* National Economy, including a brief economic history;* Domestic Markets, including labor and wage markets as well as brief commentary on economic sector portfolios;* Financial Power and Public Finance, including brief discussions of financial market strengths and security, lending/exchange rates especially if abnormalities exist, and foreign direct investments;* Trade Power and Influence, including brief commentary on chief imports and exports; and * Regional Strategy and Efforts, including key partners, regional economic development efforts, and any underlying economic data integrity concerns. Source CIA World Factbook - This page was last updated on Saturday, September 18, 2021 Is Vietnam a wealthy country? Vietnam is a densely populated developing country that has been transitioning since 1986 from the rigidities of a centrally planned, highly agrarian economy to a more industrial and market based economy, and it has raised incomes substantially. Vietnam exceeded its 2017 GDP growth target of with growth of primarily due to unexpected increases in domestic demand, and strong manufacturing exports. Vietnam has a young population, stable political system, commitment to sustainable growth, relatively low inflation, stable currency, strong FDI inflows, and strong manufacturing sector. In addition, the country is committed to continuing its global economic integration. Vietnam joined the WTO in January 2007 and concluded several free trade agreements in 2015-16, including the EU-Vietnam Free Trade Agreement which the EU has not yet ratified, the Korean Free Trade Agreement, and the Eurasian Economic Union Free Trade Agreement. In 2017, Vietnam successfully chaired the Asia-Pacific Economic Cooperation APEC Conference with its key priorities including inclusive growth, innovation, strengthening small and medium enterprises, food security, and climate change. Seeking to diversify its opportunities, Vietnam also signed the Comprehensive and Progressive Agreement for the Transpacific Partnership in 2018 and continued to pursue the Regional Comprehensive Economic Partnership. To continue its trajectory of strong economic growth, the government acknowledges the need to spark a second wave’ of reforms, including reforming state-owned-enterprises, reducing red tape, increasing business sector transparency, reducing the level of non-performing loans in the banking sector, and increasing financial sector transparency. Vietnam’s public debt to GDP ratio is nearing the government mandated ceiling of 65%. In 2016, Vietnam cancelled its civilian nuclear energy development program, citing public concerns about safety and the high cost of the program; it faces growing pressure on energy infrastructure. Overall, the country’s infrastructure fails to meet the needs of an expanding middle class. Vietnam has demonstrated a commitment to sustainable growth over the last several years, but despite the recent speed-up in economic growth the government remains cautious about the risk of external shocks.

vietnam is a densely populated developing country