Vietnamese market
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
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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 world producer 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 continue bearable 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,