Vietnamese market

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  • Publié le : 9 juin 2010
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[pic] Vietnam

Area : 331.698 km²
Population : 85,2 million
Capital: Hanoi
Rate exchange 2009/13/01:
1 VND = 0,0001 USD, 1 USD = 17.549,2944 VND
1 VND = 0,0000 EUR, 1 EUR = 23.517,9849 VND
Forecast GDP growth: 6,2 % in 2010
Entering stocks IDE: 40 235 million USD in 2007

Liberty economic:
Mark : 49,8/100
Filing : Administered
World rank : 135 / 157
Regional rank : 25 / 30

[pic]Essential Vietnamese market

The Vietnam knew a tormented history with the several war and territorial conflicts. Even if some of them are not resolved this country offers an extraordinary dynamism and economical pragmatism.

Today Vietnam is one of the countries knowing the strongest economic growth of the world after China and India.

Moreover Vietnam is become the record country with:• the youthfulness record population (50% of the population are less than 22 years old)

• growth record with an average GDP of 7% on the last decade

• IDE record with 14 billion euro in 2007 and 29.5 billion euro for the seven first months 2008

• Vietnam is the first world exporter of pepper and cashew nut, the second world exporter of rice and the second worldproducer of coffee.

This open politic involved in 1986 and named Doi Moi (revival) hit the mark when Vietnam had integrated in 2007 the World Trade Organization and it was become in 2008 a member of Security Council of the United Nations.

However, the country has to take up challenges…

The one of resolving macroeconomic disorders (inflation, tension currency, trade gap) in order to continuebearable development.

Then they have to hand it to foundation level for transports, energy, telecommunication or hospital. It’s essential in order to keep the attractivity which characterizes today the country.

Also this one of the government. The country is the victim of corruption and contraband.

Moreover, Vietnam has to eliminate all the track of his old centralized economy.

After all,the country has to stop rural exodus towards big cities and to set off again growth result.

By his strong growth this country is one of the most dynamic of the world, it is a incontournable destination for implantation.

His important consumer population for goods and services show it’s a booster market in Asia.

Situation economic

With an annual growth around 8% Vietnam is the secondeconomy of the world in terms of speed growth. In the same time foreign investments are tripled. Production information technology and high-tech industry form the most important part of national economy which rapidly grew. Vietnam is the third petrol producer in the south of east in Asia.

However Vietnam is relatively poor with an annual GDP of US $280,2 million. Inflation rate was 7,5% yearaccording to estimation in 2006. The poverty which is defined by population living with less than one dollar a day declined and now represent less than China, India and Philippines.

Vietnam is the biggest cashew nuts producer of the world with 1/3 world shares and the second biggest rice exporter after Thailand. Moreover main exportations are coffee, the, rubber and fishing products. Nonetheless,agriculture share declined in the economy passing for 42% of GDP in 199 to 20% in 2006 whereas production sector knew a essor. According to the World Fact Book of the CIA unemployment Vietnam rate represents 5,4% in 2007. In 2006 of July Vietnam a mis à jour the right intellectual property legislation in order to be conform to TRIPS. Vietnam was accepted in the WTO in 2006. The main trade partnerswith the Vietnam are Japan, Australia, countries of the ASEAN, the USA and the countries of the east in Europe.

Main activities sector

The industry ministry led actively numerous plans concerning sector strategy and general strategy in order to develop industry until 2010 with forecast as far as 2020.

Exterior Trade

Vietnam is involved to liberalise exchanges for this years. He...
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