Name

: Nguyen Viet Hau (Liam)

Class

: SFB 6

Homework : Country Report

Vietnam
Vietnam is a developing
Southeast Asia country with the
area of nearly 333,000 km2.
Main industries are:
Agriculture, machine building,
mining and steel.
Growing industries includes:
Manufacturing, Robot
Technology, Oil and other hightech industries.
Predominantly agricultural civilization: Wet rice cultivation.
1.) GDP, growth rate, population and life expectancy of Vietnam in
2013, 2014:
Year

GDP
($US)

Growth
rate

GDP per
capita

Inflation
rate

Life
expectancy

Populatio
n

201
3

171.4
billion

5.42%

1,910.51
($US)

6.8%

75.7 years
-old

89.71
million

201
4

186.2
billion

5.98%

2,052.3
($US)

4.1%

75.8 years
-old

90.73
million

Main imports:
Main exports:
+ China (largest trading partner) :
- Textile products.
- Machinery, equipments and tools (18% total imports)
Automotive components.
- Textile materials and footwear (15%)
- Crude oil.
- Electronic products and accessories (12%)
- Agro - forestry fishery
- Iron, steel and other products (9%)
product
groups.
+ Japan and Korea :
- Machinery and instruments
GDP by sectors :

- Spare parts
agriculture :
17.9%
- Computer electronics products and components
industry
:
38.1%
- Products from plastic
services
: 44%
+ U.S :
- Machinery, equipment, tools and accessories
(2014
est.)

1. GDP definition (Gross Domestic Product): The value(monetary) of

all goods and services a country produces in a year period, particularly in
manufacturing, agriculture and service industries. Basically, GDP is estimated
by the summation of nations private consumption, government spending
and investment and total net export (Exports minus Imports).
These estimates are quarterly published and regularly updated for more
accuracy figures.
1.1.
GDP per capita: GDP means the output of an economy,
but in order to gain a closer look in the nations living standard, we
have
to
take
GDP
per
capita
into
account.
It means how much does an average person in a country can earn in a
specific period of time, normally a year. It depends on the growth of
GDP parallel the population of the nation. By dividing GDP to the
population, we get GDP per capita. Per capita GDP is a great indication
of an economic performance as well as peoples living standard.
2. Growth rate definition: Growth rate refers to the amount of specific
variable has grown within a period of time. In economic, growth rates are
calculated for measuring an economys performance. In particular, GDP and
productivity of a nations economy. Growth rate is often calculated as
percentages with this formula:

End valueBeginning value

Beginning value

) x 100 = Growth rate (%)

Investor and economist are also use Growth rate to estimate future growth.

3. Inflation: A sustained, rapid increase in general price level of goods

and
services
over
time.
It usually a monetary phenomenon caused by the expansion of money
supply, its when a country prints more money than its justified by the
countrys wealth. Policy makers since the end of the 20th century have
attempted to keep inflation steady at 2% per year.
4. Unemployment :Unemployment are statistics of total number of
people are seeking for paid jobs. It often represents the performance of
nations economy health and occurs when the actual economic growth is
lower than trend growth. The most typical measure of unemployment is the
unemployment rate, which could be calculated by the number of unemployed

persons divided by the number of people in the labor force. Unemployment

has adversely affected individuals who are looking for work and the countrys
economy.

4.1. According
Statistics 2013 data:

to

Vietnam

Bureau

of

Labor

Unemployment rate (%)

2013

General

City

Rural Area

Age : 15 - 24

6,31

11,71

4,1

Age : Over 24

1.34

2.55

0.8

Meanwhile, the nations labour force

( 51.6% male labour and 48.4% female)

has

54.4

million

people