The bank’s new Trade20 Index looks at 20 countries with promise around the world, and Vietnam ranks No. Vietnam is currently a member of more than 60 trade agreements of all scales and forms and is one of the most open economies in the world." As being a market economy, highly dependent on crude exports and foreign direct investment (FDI), Vietnam is the 6th largest economy in Southeast Asia and the 57th one in the world, in terms of nominal gross domestic product in 2011. Vietnam gni per capita for 2017 was $2,130, a 2.4% increase from 2016. Almost a year and a half into the pandemic, the best and worst places to be in the Covid-19 … Vietnam named among world’s top 20 host economies for FDI for first time July 22, 2021 by en.qdnd.vn The country was up five places against last year's ranking to reach 19th on the list, according to UN Conference on Trade and Development (UNCTAD)'s World Investment Report 2021. In the 10 years from 2009, the population of Vietnam has increased by 10.4 million people, at an average increase of 1.14% a year, slightly lower than the previous decade (at 1.18% a year). Vietnam GNI 1989-2021. Home to about 5 million people (and 26 million sheep), New Zealand too—the only non-European nation in the ranking— slipped one spot from last year. World Economic Forum. None. Economic Overview For the latest updates on the key economic responses from governments to address the economic impact of the COVID-19 pandemic, please consult the IMF's policy tracking platform Policy Responses to COVID-19.. Vietnam is one of the fastest growing countries in the world and its economy has shown resilience to trade wars and slower growth rates in neighbouring China. Tuvalu has the world's smallest national economy with a GDP (nominal) of approximately $48 million. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries. France is the most visited destination in the world. Vietnam has a mixed economy in which there is limited private freedom, but the economy remains highly controlled by the government. The World Factbook provides basic intelligence on the history, people, government, economy, energy, geography, environment, communications, transportation ... or Vietnam. 40 overall in the U.S. News Best Countries ranking. Five Charts Explain Vietnam's Economic Outlook. China’s surging economy is set to overtake 56 countries in the world’s per-capita income rankings during the quarter-century through 2025, the International Monetary Fund projects. Germany has a nominal GDP of USD 3.86 trillion — making it the 4 th largest economy in the world. Vietnam’s economic freedom score is 61.7, making its economy the 90th freest in the 2021 Index. From a continental perspective, suppliers in Asia were responsible for $202.8 billion or 81.9% of all mobile phones exported during 2020. (October 8, 2019). The 3 biggest exporters of mobile phones (China, Vietnam, Hong Kong) generated over three quarters (76.2%) of global cellphone exports. Vietnam’s development over the past 30 years has been remarkable. Vietnam is the 15th most populous country in the world and the third in Southeast Asia. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy. Vietnam. Universities: January 2021 Edition 2021.1.2 beta. HOANG DINH NAM/AFP/Getty Images 4. The World Factbook gives us a breakdown of Kinh (Viet) at 85.7%, Tay 1.9%, Thai 1.8%, Muong 1.5%, Khmer 1.5%, Mong 1.2%, Nung 1.1%, Hoa 1%, other ethnicities 4.3%. Values are expressed in current international dollars, reflecting the corresponding exchange rates and PPP adjustments. The Communist Party of Vietnam has intention to build a market economy … Vietnam gni per capita for 2019 was $2,590, a 8.82% increase from 2018. Vietnam’s development over the past 30 years has been remarkable. Bangladesh’s economy will be 28th largest in 2030 and 25th largest in 2035 , the UK's Centre for Economics and Business Research (CEBR) has made the projection in a recent report. 925. The economy of Vietnam is a socialist-oriented market economy, which is the 37th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP) in 2020. Vietnam ranks number 15 in the list of countries (and dependencies) by population. According to the World Bank Ease of doing business report, Vietnam ranks higher than Indonesia, the Philippines, lagging behind Malaysia, Thailand in 2020. This is an improvement from the ranking of 99th in 2014. This suggests to me that while there has been an improvement, more work needs to be done in Vietnam in this area. 4. The list of countries by GDP showed on this page is based on the latest data from the World Economic Outlook by the International Monetary Fund. The report was prepared by the Sustainable Development Solutions Network, a global initiative launched by the United Nations (U.N.) in 2012. Vietnamese authorities have reaffirmed their commitment to economic modernization in recent years. Progress in Vietnam . Cambodia, Vietnam, Malaysia and Singapore stand out for their connectedness. 760. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization. Vietnam GDP: 798 billion International Dollars (2020) Gross Domestic Product (PPP in 2017 prices) Data are in current U.S. dollars. Top 100: Ranking of countries according to their quality of infrastructure in 2019 [Graph]. Same region. Demographics work strongly in favour of the Philippines, Malaysia, Indonesia, and Explore All Countries. Recently, the Economist conducted a survey on 66 emerging economies, ranking the financial capacity of each market according to criteria of public debt, foreign debt, credit costs and foreign exchange reserves. It is the region’s biggest economy and part of the G20 group of the world's richest nations. Photo by VnExpress/Quynh Tran. World. Latest official GDP figures published by the World Bank. Vietnam is a member of the Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN), and the Trans-Pacific Partnership (TPP). The WEF said the Southeast Asian country is attracting a huge flow of foreign investment and becoming a trade hub in the region. The country’s ranking slipped by a place and needs to do more in the area of resolving insolvency. In the FIFA Women’s Ranking update Friday, Vietnam climbed one place to peak sixth in Asia. In Statista. As of 2021, the United States and China would occupy the first two places in the world gdp ranking of both methods. The economy of Germany is a highly developed social market economy. Aggregates. The World Bank noted that between 1990 (USD 6.472 billion) and 2016 (USD 205.276 billion), Vietnam’s GDP grew by a whopping 3,303% making it the second-fastest growth rate worldwide, only surpassed by China. The population density in Vietnam is 314 per Km 2 (813 people per mi 2). Similar values. Vietnam has climbed 11 places to 83rd among 156 economies in the 2020 World Happiness Report released late last week. Corruption Rank in Vietnam increased to 104 in 2020 from 96 in 2019. Vietnam population is equivalent to 1.25% of the total world population. June 28, 2021. Vietnam ranks No. The team also rose to 32nd in the world with 1,657 points, with the Welsh women’s team dropping five places after losing to Scotland in a Women's Euro qualifier on June 16. WORLD RANK 2. Highest values. Photo by VnExpress/Duc Dong. Another five Asian economies feature among our six fastest-growing economies in the world – Bangladesh, India, Philippines, Pakistan and Vietnam – so that by 2030, the Vietnam, which received $4.1 billion dollars in foreign aid, is truly a success story among developing countries.Strong economic and political reforms have transformed Vietnam from one of the poorest countries in the world into a place where many of its citizens have an income status that would be referred to as ‘middle-class’. Vietnam is likely the top-performing Asian economy in 2020 — a feat that was achieved without a single quarter of economic contraction. Tourism plays a significant role in the economy of Vietnam and in 2012 the country received approximately 6.8 million visitors from different countries around the world. By GDP (PPP), Germany ranks 5 th in the world at USD 4.44 trillion behind the USA, China, India, and Japan. Vietnam 2020 population is estimated at 97,338,579 people at mid year according to UN data. Out of 98 countries indexed, the US is 94th, the UK 66th while China is not included because of lack of publicly available data. 2) The rank that you see is the CIA reported rank, which may have the following issues: Additionally, France ranks 5th in the Fortune Global 500 behind the United States, China, Japan, and Germany with 28 of the 500 biggest companies. 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. It has said Bangladesh's economic ranking in 2021 will be identical--- 41st out of 193 countries--- to that of 2020. Source: International Monetary Fund, World Economic Outlook April 2021. Economic and political reforms under Đổi Mới, launched in 1986, have spurred rapid economic growth, transforming what was then one of the world’s poorest nations into a lower middle-income country. 4. Population figures based on United Nations data. The service industry in Vietnam accounts for 38.2% of the country's GDP. The Economist Democracy Index 2007, ranked 149 out of 167 countries. In World Factbook estimates, Niue, a small island nation in the South Pacific Ocean, is the smallest economy with a GDP of $10 mn in the year 2003. Vietnam ranked 70 among 190 economies in the World Bank’s Doing Business 2020 report. South Sudan. HÀ NỘI – Việt Nam has moved up four places to rank 79th out of 149 countries and territories in the 2021 World Happiness Report. IMF forecasts Vietnam's economy will rank fourth in Southeast Asia this year, surpassing Singapore and Malaysia. Tuvalu has the world's smallest national economy with a GDP (nominal) of approximately $48 million. The current World Bank Group Country Partnership Framework (CPF) for Vietnam guides the Bank Group's engagements in the country from 2018 to 2022.. Vietnam jumped 10 places to rank 67 and was among economies that have improved the most globally from last year’s standings according to the 2019 Global Competitive Index. Vietnam gni per capita for 2018 was $2,380, a 11.74% increase from 2017. Indonesia has made a relatively large dent in the global economy. With a nominal GDP of $1.99 trillion, Italy is the eighth-largest economy in the world. Vietnam has been named among world’s top 20 host economies for FDI for first time with an inflow of 16 billion USD. Read More About New Zealand New Zealand’s economic freedom score is 83.9, making its economy the 2nd freest in the 2021 Index. Main article: Politics of Vietnam. The key question is whether the type of integration in the world market is supporting economic development in Vietnam via increasing the productivity level or not. Reporters Without Borders: Worldwide Press Freedom Index 2011-2012, ranked 172 out of 179 countries. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. According to the General Statistics … GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Vietnam GNI 1989-2021. World Bank national accounts data, and OECD National Accounts data files. About Us. But growth projections for SE Asian emerging economies beat those for many other countries with the same income per capita. Reuters PricewaterhouseCoopers, one of the world's largest professional-services firms, just released its predictions for the most powerful economies in the world by 2030. Explore photos, statistics and additional rankings of Vietnam. Gross domestic product 2020 (millions of Ranking Economy US dollars) Vietnam became an official negotiating partner in the Trans-Pacific Partnership trade agreement in 2010. The country was up five places against last year’s ranking to reach 19th on the list, according to UN Conference on Trade and Development (UNCTAD)’s World Investment Report 2021. Corruption Rank in Vietnam averaged 101.96 from 1997 until 2020, reaching an all time high of 123 in 2007 and a record low of 43 in 1997. 2.7% real GDP growth for Vietnam is much lower than 2019 growth of 7%. However, this is still much better than many of other South East Asia countries and the world average. Q2 2020 Vietnam economy grew by 0.36% year on year (H1 expansion of 1.81% year on year). This was unexpected given the COVID 19 lockdown. The five largest ASEAN economies: Malaysia, Thailand, Indonesia, the Philippines and Vietnam, have all been improving fast and feature in the top half of the field. For example, Vietnam’s Exports rank is higher than 87.1% of the countries in the dataset. Pankaj Ghemawat … With PPP, you can see Indonesia ($3.5 trillion) jumps up the ranking by nine spots to become the #7 ranked economy. Economy Stats. Germany ranks 4 th on this list of the top economies in the world. (VOVWORLD) - Vietnam was named 19th among the world’s top 20 host economies for foreign direct investment (FDI) in 2020 with an inflow of 16 billion USD, up five places against last year’s ranking, according to the UN Conference on Trade and Development (UNCTAD). Data are in current U.S. dollars. the world’s third-largest economy in just over a decade, up from seventh today – leap-frogging the second- and third-largest developed economies of Germany and Japan. Forecasting an impressive 6.6% GDP for 2021 2.9% GDP growth rate in 2020 7.02% GDP growth rate … Vietnam Religion, Economy … ... managing director of Nielsen Vietnam. But only one, Malaysia, makes it into the world top 20. The aim of this paper is to analyse the specific way on how Vietnam has been integrating in the world economy and what kind of production structure results from this in Vietnam.
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