Doing business in Vietnam: economic snapshot February 2018 | finder.com

ECONOMIC SNAPSHOT
VIETNAM

Internal perspective

Despite slower demand from trading partners, Vietnam is seeing a growth in manufacturing exports and the digital economy. Its citizens have more disposable income — reflected in increased spending on phones, travel and health products. Experts forecast that Vietnam’s GDP will only rise further.

Population

94,569,072 (2016)

Internet users

52.7% (2015)

Gross domestic product (GDP)

  • $205.276 billion

Top 5 Imports

Top 5 exports

Languages

Top 3 Trading Partners

Top franchises

GDP growth rate (est.)

  • 6.211% in 2016
  • 6.27% in 2017

Trends and outlooks

  • Sharp economic growth
  • Decline of state-owned businesses
  • Commitment to exports as part of the TTP

Economic challenges

  • Rapidly growing labor force
  • Under-capitalized banking sector
  • Restructuring public investment and state-owned enterprises is lagging
  • Drought, corruption and rural poverty still issues

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