Vietnam

Description of Vietnam

Welcome to our website dedicated to analyzing the geopolitical and macroeconomic landscape of Vietnam. With a rich history and a rapidly growing economy, Vietnam occupies a pivotal position in Southeast Asia. By delving into key macroeconomic statistics and geopolitical developments, we aim to provide unique insights into how Vietnam's trajectory may influence regional dynamics and its global standing. Join us as we explore the intricate interplay between economics, politics, and international relations in the context of Vietnam's development.

Population And Age Structure

Population, total: Vietnam's population of 96,648,685 is above the average population of 40,097,746. Vietnam is ranked 15th out of 194 countries for total population.

Population ages 0-14 (% of total population): Vietnam's 22.7% population in this age group is below the average of 27.3%. Vietnam is ranked 114th out of 194 countries for this demographic.

Population ages 0-14, total: With 21,932,616 children aged 0-14, Vietnam exceeds the average of 10,327,379. Vietnam is ranked 16th out of 194 countries for this demographic.

Population ages 15-64 (% of total population): Vietnam's 68.9% working-age population is above the average of 63.4%. Vietnam is ranked 36th out of 194 countries for this demographic.

Population ages 15-64, total: Vietnam's 66,571,089 working-age population exceeds the average of 26,003,407. Vietnam is ranked 14th out of 194 countries for this demographic.

Population ages 65 and above (% of total population): Vietnam's 8.4% elderly population is below the average of 9.2%. Vietnam is ranked 79th out of 194 countries for this demographic.

Population ages 65 and above, total: With 8,144,980 elderly individuals, Vietnam surpasses the average of 3,766,959. Vietnam is ranked 18th out of 194 countries for this demographic.

Summary

Vietnam boasts a higher total population, a lower percentage of children aged 0-14, a larger number of working-age individuals aged 15-64, and a smaller percentage of elderly individuals aged 65 and above compared to global averages. These demographic indicators are crucial as they impact various aspects of the economy such as labor force availability, healthcare needs, education requirements, and pension systems. Understanding these population dynamics can help policymakers plan for future social and economic challenges in Vietnam.

Population Miscellaneous

- Rural population in Vietnam is 60,560,066, which is significantly higher than the average of 18,044,041. Vietnam ranks 9th out of 190 countries in this attribute. - The percentage of Rural population in Vietnam is 62.66%, above the average of 41.16%. Vietnam ranks 42nd out of 190 countries. - Urban population in Vietnam is 36,088,619, below the average of 22,425,747. Vietnam ranks 27th out of 194 countries. - The percentage of Urban population in Vietnam is 37.34%, which is below the average of 59.69%. Vietnam ranks 153rd out of 194 countries. - Vietnam has an Age dependency ratio of 45.18%, lower than the average of 59.22%. The country ranks 159th out of 194 countries. - The Birth rate in Vietnam is 15.4 per 1,000 people, below the average of 19.38. Vietnam ranks 106th out of 192 countries. - Vietnam's Death rate is 6.169 per 1,000 people, lower than the average of 8.21. The country ranks 148th out of 192 countries. - The Fertility rate in Vietnam is 1.955 births per woman, below the average of 2.60. Vietnam ranks 107th out of 190 countries.

Summary

Vietnam showcases a unique demographic profile with a significantly higher rural population compared to the global average, indicating a predominantly agrarian society. The country also demonstrates lower urbanization rates and age dependency ratio, with below-average birth, death, and fertility rates. These indicators are crucial as they shape Vietnam's social structure, economic development trajectory, and healthcare system planning.

Military

1. Vietnam's Arms imports (SIPRI trend indicator values) amount to $32,000,000. This value is below the average of $205,522,123.89, ranking Vietnam 63rd out of 113 countries in this dataset.

2. Vietnam has a total of 522,000 Armed forces personnel, which is above the average of 165,908.54. This places Vietnam 12th out of 164 countries in terms of total armed forces personnel.

3. The Armed forces personnel (% of total labor force) in Vietnam is 0.95%, below the average of 1.28%. Thus, Vietnam ranks 71st out of 164 countries based on this indicator.

Summary

Vietnam's relatively low arms imports expenditure, above-average number of armed forces personnel, and below-average percentage of armed forces personnel compared to the total labor force indicate a significant focus on military strength and defense capabilities within the country. Despite the lower investment in arms imports, Vietnam maintains a sizeable armed forces presence, highlighting a strategic emphasis on national security and defense readiness.

Natural Resources

Analysis of key environmental attributes for Vietnam:

1. Forest area (sq. km): Vietnam has 146430.9 sq. km of forest area, ranking 45 out of 191 countries. This is below the average forest area of 211606.11 sq. km.

2. Land area (sq. km): With a land area of 313429 sq. km, Vietnam ranks 67 out of 194 countries, below the average land area of 665166.51 sq. km.

3. Surface area (sq. km): Vietnam's surface area is 331340 sq. km, ranking 66 out of 194 countries. This is below the average surface area of 689779.56 sq. km.

4. Arable land (hectares): Vietnam has 6787000 hectares of arable land, ranking 37 out of 190 countries. This is slightly below the average arable land of 7329543.16 hectares.

5. Land under cereal production (hectares): With 8163345 hectares under cereal production, Vietnam ranks 23 out of 174 countries, well above the average of 4206011.63 hectares.

6. Average precipitation in depth (mm per year): Vietnam receives an average of 1821 mm of precipitation per year, ranking 39 out of 178 countries. This is higher than the average precipitation of 1157.83 mm per year.

7. Renewable internal freshwater resources, total (billion cubic meters): Vietnam has 359.42 billion cubic meters of renewable internal freshwater resources, ranking 22 out of 178 countries. This is above the average of 240.41 billion cubic meters.

Summary

Vietnam's environmental attributes showcase its rich biodiversity and natural resources, with significant forest coverage, arable land, and ample freshwater resources. The country's above-average land under cereal production highlights its agricultural productivity. These indicators are crucial as they not only reflect Vietnam's environmental sustainability but also its potential for agricultural development and water security in the face of climate change challenges.

Resource Rents

1. Total natural resources rents (% of GDP): Vietnam's value is 1.81%, which is below the average of 4.63%. Vietnam ranks 81 out of 175 countries in this attribute.

2. Coal rents (% of GDP): Vietnam's value is 0.16%, also below the average of 0.40%. Vietnam ranks 19 out of 65 countries in this attribute.

3. Forest rents (% of GDP): Vietnam's value is 1.13%, below the average of 1.53%. Vietnam ranks 52 out of 174 countries in this attribute.

4. Oil rents (% of GDP): Vietnam's value is 0.24%, significantly lower than the average of 2.51%. Vietnam ranks 50 out of 117 countries in this attribute.

5. Natural gas rents (% of GDP): Vietnam's value is 0.25%, below the average of 1.25%. Vietnam ranks 39 out of 96 countries in this attribute.

6. Mineral rents (% of GDP): Vietnam's value is 0.02%, well below the average of 1.23%. Vietnam ranks 69 out of 86 countries in this attribute.

Summary

Vietnam's natural resources rents, including coal, forest, oil, natural gas, and mineral rents as a percentage of GDP, are generally below the global averages across these categories. This indicates that Vietnam may not be fully harnessing the economic potential of its natural resources compared to other countries. It is crucial for Vietnam to explore avenues for sustainable extraction and utilization of these resources to boost economic growth and development in the long run.

Commodities

Analysis of key agricultural production and consumption statistics for Vietnam:

Summary

In analyzing key agricultural production and consumption statistics for Vietnam, it is evident that the country excels in various sectors. Vietnam ranks notably high in terms of cereal production, aquaculture production, capture fisheries production, and total fisheries production. Additionally, its fertilizer consumption per hectare of arable land is above average.

These statistics are crucial as they showcase Vietnam's strong agricultural sector, positioning the country as a significant player in global food production. The high rankings in production indicate a thriving agricultural industry, contributing to food security, economic stability, and possibly export opportunities, ultimately boosting the country's overall economic development.

Intellectual Property

In terms of Industrial design applications by nonresidents, Vietnam's value of 2098 is above the average of 1415.83. Vietnam ranks 17th out of 112 countries in this attribute.

For Industrial design applications by residents, Vietnam's value of 2279 is below the average of 9799.58. Vietnam ranks 21st out of 113 countries in this attribute.

Regarding Patent applications by nonresidents, Vietnam's value of 6674 is slightly above the average of 6538.40. Vietnam ranks 15th out of 129 countries in this attribute.

For Patent applications by residents, Vietnam's value of 1021 is significantly below the average of 19037.56. Vietnam ranks 31st out of 117 countries in this attribute.

When it comes to Trademark applications by nonresidents, Vietnam's value of 31804 is considerably above the average of 15878.93. Vietnam ranks 17th out of 130 countries in this attribute.

In the case of Trademark applications by residents, Vietnam's value of 76836 is below the average of 111055.78. Vietnam ranks 17th out of 129 countries in this attribute.

As for Scientific and technical journal articles, Vietnam's value of 8213.16 falls below the average of 15103.76. Vietnam ranks 47th out of 192 countries in this attribute.

Summary

Vietnam performs above average in Industrial design applications by nonresidents and Trademark applications by nonresidents, placing 17th in both indicators globally. However, the country lags behind in Patent applications by residents, ranking 31st, and in Scientific and technical journal articles, where it ranks 47th. These statistics are crucial as they reflect Vietnam's strengths and weaknesses in innovation, intellectual property protection, and scientific research compared to other countries, indicating areas for potential growth and development.

Broad Economy Attributes

Analysis of key economic indicators for Vietnam:

1. GDP (current US$): Vietnam's GDP is $346.62 billion, which is below the average GDP of $442.87 billion. Vietnam is ranked 37th out of 189 countries in this indicator.

2. GDP, PPP (current international $): Vietnam's GDP based on purchasing power parity is $1.07 trillion, significantly higher than the average of $734.14 billion. Vietnam ranks 25th out of 181 countries in this indicator.

3. GDP per capita (current US$): Vietnam's GDP per capita is $3586.35, well below the average of $15462.11. Vietnam is ranked 121st out of 190 countries in this indicator.

4. GDP per capita, PPP (current international $): Vietnam's GDP per capita based on purchasing power parity is $11036, lower than the average of $21251.89. Vietnam ranks 105th out of 181 countries in this indicator.

5. GNI (current US$): Vietnam's GNI is $331.80 billion, below the average GNI of $452.04 billion. Vietnam holds the 36th rank out of 185 countries in this indicator.

6. GNI, PPP (current international $): Vietnam's GNI based on purchasing power parity is $1.02 trillion, above the average of $730.70 billion. Vietnam ranks 27th out of 181 countries in this indicator.

7. GNI per capita, PPP (current international $): Vietnam's GNI per capita based on purchasing power parity is $10560, lower than the average of $20615.75. Vietnam is ranked 107th out of 181 countries in this indicator.

Summary

Vietnam's GDP is below the global average, but its GDP based on purchasing power parity is significantly higher than average. However, the GDP per capita and GNI per capita based on purchasing power parity are both lower than the global average. These indicators showcase Vietnam's economic output relative to other countries and highlight areas where the country may need to focus on improving living standards and overall economic development.

Broad Value Added

- Gross value added at basic prices (GVA) in current US$ for Vietnam is $316.22 billion, ranking 33rd out of 176 countries in the dataset. It is below the average of $360.07 billion.
- Agriculture, forestry, and fishing, value added (% of GDP) for Vietnam is 12.66%, ranking 60th out of 182 countries. This is higher than the average of 10.86%.
- Agriculture, forestry, and fishing, value added in current US$ for Vietnam is $43.87 billion, ranking 12th out of 182 countries. This is significantly above the average of $19.92 billion.
- Services, value added (% of GDP) for Vietnam is 41.83%, ranking 162nd out of 183 countries. This is below the average of 56.72%.
- Services, value added in current US$ for Vietnam is $144.99 billion, ranking 44th out of 183 countries. It is below the average of $295.84 billion.
- Industry (including construction), value added in current US$ for Vietnam is $127.36 billion, ranking 25th out of 183 countries. It is above the average of $118.42 billion.

Summary

Vietnam's economy has a substantial focus on agriculture, forestry, and fishing, with these sectors contributing significantly to the country's GDP compared to the global average. However, the services sector in Vietnam lags behind, both in terms of its contribution to GDP and its value added in current US dollars. On the other hand, Vietnam's industry, including construction, performs well above the average in terms of value added, indicating a strong industrial base.

These indicators are crucial as they highlight Vietnam's economic structure, showcasing its strengths and areas for improvement. The country's heavy reliance on agriculture suggests the need for diversification to boost the services sector for a more balanced economy. The strong performance in the industry sector presents opportunities for further growth and development in manufacturing and construction, which could drive overall economic expansion and competitiveness on the global stage.

Manufacturing Value Added

The value added in Manufacturing for Vietnam is $83.00 billion, ranking 23 out of 173 countries. This value exceeds the average by $6.80 billion.

Manufacturing contributes about 23.95% to Vietnam's GDP, ranking 9 out of 173 countries. This percentage is notably higher than the average by 12.04%.

High-tech manufacturing value added in Vietnam is at 39.61%, surpassing the average by 15.12%. Vietnam ranks 31 out of 149 countries in this aspect.

In the Chemicals sector, Vietnam's 4.33% of value added in manufacturing is below the average by 7.23%, ranking 77 out of 89 countries.

Regarding Food, beverages, and tobacco, Vietnam's share is 11.87%, significantly lower than the average by 12.64%. The country ranks 75 out of 92.

In Machinery and transport equipment, Vietnam scores 31.69%, outperforming the average by 14.84%. Vietnam holds the 15th position out of 93 countries.

Textiles and clothing represent 14.68% of manufacturing value added in Vietnam, surpassing the average by 8.34%. Vietnam stands at the 10th position out of 93 countries.

Other manufacturing contributes 37.43% to Vietnam's manufacturing value added, below the average by 4.70%. Vietnam ranks 61 out of 94 countries in this category.

Summary

Vietnam demonstrates strength in manufacturing, with a significant contribution to its GDP and high rankings in various subsectors such as high-tech manufacturing, machinery, textiles, and clothing. However, there are areas like chemicals and food industries where Vietnam lags behind the average. These indicators are crucial as they reflect Vietnam's industrial capabilities, competitiveness, and areas for potential growth and improvement in the global market.

Money

- Inflation, consumer prices (annual %): Vietnam's inflation rate is 3.22%, which is below the average of 8.26%. Vietnam ranks 57 out of 165 countries for this indicator.
- Inflation, GDP deflator (annual %): Vietnam's inflation rate based on the GDP deflator is 1.47%, significantly lower than the average of 6.90%. Vietnam ranks 113 out of 188 countries in this category.
- Broad money growth (annual %): Vietnam's broad money growth is 13.96%, slightly below the average of 18.03%. Vietnam holds the 67th position out of 139 countries in this aspect.
- Broad money (% of GDP): Vietnam's broad money as a percentage of GDP is 122.86%. This figure is notably higher than the average of 71.75%. Vietnam is ranked 14th out of 139 countries in this metric.
- Broad money to total reserves ratio: Vietnam's ratio of broad money to total reserves is 4.49, below the average of 5.17. Vietnam holds the 34th position out of 126 countries in this ratio.

Summary

Vietnam demonstrates a stable economic environment with moderate inflation rates compared to global averages as seen in both consumer price inflation and GDP deflator inflation. The country maintains healthy monetary indicators with broad money growth slightly below average, but with broad money as a percentage of GDP exceeding the global average significantly. This indicates Vietnam's robust financial system and potential for sustained economic growth.

Consumption Expenditure

Final consumption expenditure (current US$): The focus country, Vietnam, has a value of 226,845,749,104.821 which is below the average of 381,630,252,515.3805. Vietnam ranks 37 out of 159 countries in this attribute.

Final consumption expenditure (% of GDP): Vietnam's value is 65.45%, below the average of 82.37%. This places Vietnam at rank 140 out of 159 countries.

General government final consumption expenditure (current US$): Vietnam spends 32,855,058,531.443 in this category, significantly below the average of 93,676,578,238.033. Vietnam ranks 49 out of 158 countries.

General government final consumption expenditure (% of GDP): Vietnam's expenditure is 9.48% of GDP, lower than the average of 18.71%. Vietnam is ranked 142 out of 158 countries.

Household and NPISHs Final consumption expenditure (current US$): Vietnam's expenditure of 193,990,716,426.122 is below the average of 290,127,571,157.693. Vietnam ranks 34 out of 158 countries.

Households and NPISHs final consumption expenditure (% of GDP): Vietnam's expenditure is 55.97% of GDP, slightly lower than the average of 63.68%. Vietnam is ranked 108 out of 158 countries.

Summary

Vietnam demonstrates a pattern of lower final consumption expenditure across various categories compared to the global average, indicating a relative level of lower economic activity and spending within the country. This could imply potential areas for growth and development, as increased consumption expenditure is typically associated with economic prosperity and stability.

Equities

1. Listed domestic companies, total: Vietnam has 745 listed domestic companies, which is above the average of 636.625. This places Vietnam at rank 11 out of 72 countries.

2. Stocks traded, total value (current US$): Vietnam's total stocks traded amount to $56,858,820,000, significantly below the average of $1,379,501,950,182.91. Vietnam ranks 23 out of 71 countries in this aspect.

3. Stocks traded, total value (% of GDP): Vietnam's stocks traded value as a percentage of GDP is 16.40%, lower than the average of 31.65%. Vietnam is ranked 20 out of 71 countries in this metric.

4. Market capitalization of listed domestic companies (current US$): Vietnam's market capitalization is $186,008,530,000, well below the average of $1,196,037,851,618.88. Vietnam ranks 26 out of 73 countries.

5. Market capitalization of listed domestic companies (% of GDP): Vietnam's market capitalization as a percentage of GDP is 53.66%, lower than the average of 71.24%. Vietnam is ranked 32 out of 73 countries in this category.

6. S&P Global Equity Indices (annual % change): Vietnam experienced a growth rate of 17.70% in equity indices, significantly higher than the average of 2.06%. This places Vietnam at rank 13 out of 79 countries.

Summary

Vietnam's macroeconomic indicators suggest a strong presence of listed domestic companies, albeit with lower values in total stocks traded, market capitalization, and their percentages relative to GDP compared to global averages. Despite this, Vietnam shows a remarkable growth rate of 17.70% in S&P Global Equity Indices, outperforming the global average. These indicators are crucial as they reflect Vietnam's evolving financial markets, investor confidence, and overall economic performance within the global landscape.

Investment

Foreign direct investment, net (BoP, current US$): Vietnam's net FDI is -$15.42 billion, significantly below the average of -$1.62 billion. Vietnam ranks 160th out of 169 countries in this category.

Foreign direct investment, net inflows (BoP, current US$): With net inflows of $15.8 billion, Vietnam surpasses the average of $5.75 billion. Vietnam ranks 21st out of 182 countries in this metric.

Foreign direct investment, net inflows (% of GDP): Vietnam's FDI inflows account for 4.56% of its GDP, higher than the average of 2.61%. The country is ranked 42nd out of 178 nations in this aspect.

Foreign direct investment, net outflows (BoP, current US$): Vietnam's net outflows amount to $380 million, falling short of the average of $5.71 billion. Vietnam ranks 53rd out of 156 countries in this respect.

Foreign direct investment, net outflows (% of GDP): At 0.11% of GDP, Vietnam's net outflows are below the average of 1.00%. The country ranks 93rd out of 155 nations in this category.

Portfolio Investment, net (BoP, current US$): Vietnam's net portfolio investment is $1.26 billion, exceeding the average of $679.56 million. The country is ranked 40th out of 159 countries in this area.

Portfolio investment, bonds (PPG + PNG) (NFL, current US$): Vietnam shows a net investment in bonds of -$670.69 million, contrasting with the average of $4.13 billion. Vietnam ranks 53rd out of 59 countries in this field.

Summary

Vietnam demonstrates a mixed performance in terms of foreign direct investment, with higher than average net inflows but lower than average net outflows. The country also exceeds the average in terms of portfolio investment and net portfolio investment. These indicators are crucial as they reflect Vietnam's attractiveness to foreign investors and its ability to mobilize capital for economic development.

Debt

Analysis of Key Debt Statistics in Vietnam:

1. Total debt service (% of GNI): Vietnam's value of 5.16% is slightly below the average of 5.98%. With a rank of 49 out of 120 countries, Vietnam manages its debt service efficiently relative to its Gross National Income.

2. Public and publicly guaranteed debt service (% of GNI): Vietnam's value of 1.54% is below the average of 2.84%. Ranked 75 out of 120 countries, Vietnam demonstrates prudent management of its public debt service obligations.

3. External debt stocks (% of GNI): Vietnam's value of 39.02% is significantly lower than the average of 65.42%. With a rank of 79 out of 120 countries, Vietnam maintains a relatively lower external debt burden compared to its GNI.

4. Debt service on external debt, total (TDS, current US$): Vietnam's value of $17.11 billion is higher than the average of $9.81 billion. Ranked 15 out of 123 countries, Vietnam pays a relatively higher amount towards servicing its external debt obligations.

5. Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): Vietnam's value of $5.12 billion is above the average of $3.31 billion. With a rank of 17 out of 123 countries, Vietnam demonstrates a significant commitment to servicing its public and publicly guaranteed external debt.

6. External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Vietnam's value of $55.65 billion exceeds the average of $28.70 billion. Ranked 16 out of 123 countries, Vietnam holds a relatively higher amount of public and publicly guaranteed external debt.

7. External debt stocks, private nonguaranteed (PNG) (DOD, current US$): Vietnam's value of $46.77 billion is higher than the average of $33.73 billion. With a rank of 14 out of 91 countries, Vietnam shows a significant reliance on private nonguaranteed external debt.

8. External debt stocks, total (DOD, current US$): Vietnam's value of $129.48 billion is significantly above the average of $73.85 billion. Ranked 17 out of 123 countries, Vietnam holds a substantial amount of total external debt compared to other nations.

Summary

Vietnam demonstrates efficient management of its debt service obligations, with values for total debt service, public debt service, and external debt stocks all below global averages. However, the country's debt service on external debt, both total and public, exceeds the global averages, indicating a significant commitment to servicing these obligations. These statistics are crucial as they showcase Vietnam's ability to balance its debt burden relative to its Gross National Income and highlight the country's reliance on external borrowing to support its economic development.

Broad Trade Attributes

Trade (% of GDP): Vietnam's trade value accounts for 163.25% of its GDP, which is significantly above the average of 82.34%. This places Vietnam at rank 10 out of 163 countries in the dataset.

Merchandise trade (% of GDP): Vietnam's merchandise trade is 157.33% of its GDP, well above the average of 60.01%. This positions Vietnam at rank 6 out of 186 countries.

Trade in services (% of GDP): Vietnam's trade in services is 7.35% of its GDP, below the average of 24.63%. Vietnam ranks 140 out of 171 countries included in the data.

External balance on goods and services (current US$): Vietnam's external balance is $19.12 billion, significantly higher than the average of $3.41 billion. Vietnam is ranked 18 out of 163 countries in this aspect.

External balance on goods and services (% of GDP): Vietnam's external balance is 5.52% of its GDP, above the average of -5.97%. This places Vietnam at rank 23 out of 163 countries.

Summary

Vietnam demonstrates a robust trade sector, with trade, merchandise trade, and external balance figures all well above global averages, positioning the country in the top 10-20 ranks internationally. However, there is a notable reliance on merchandise trade compared to trade in services, indicating potential for diversification and growth in the service sector to achieve a more balanced trade portfolio.

Net Trade

• Vietnam's current account balance (BoP, current US$) is significantly above the average, ranking 17th out of 170 countries. This indicates a strong surplus in the country's international trade.

• The current account balance (% of GDP) for Vietnam is also above the average, with a rank of 27 out of 170 countries. This demonstrates a healthy ratio between Vietnam's exports and imports in relation to its GDP.

• Vietnam's net trade in goods and services (BoP, current US$) is considerably above the average, positioning the country at 17th out of 171 countries. This signifies a robust balance in Vietnam's trade of goods and services.

• In terms of net primary income (BoP, current US$), Vietnam performs below the average, ranking 154th out of 170 countries. This suggests that Vietnam has a deficit in primary income in its balance of payments.

• Vietnam's net secondary income (BoP, current US$) is significantly above the average, securing the 9th rank out of 170 countries. This implies that Vietnam receives a substantial amount of secondary income from sources outside the country.

• The net trade in goods (BoP, current US$) for Vietnam is well above the average, with a rank of 16 out of 171 countries. This indicates a strong surplus in Vietnam's trade of goods.

• Vietnam's net financial account (BoP, current US$) is notably above the average, placing the country at the 21st rank out of 170 countries. This suggests that Vietnam's financial inflows exceed outflows in the balance of payments.

Summary

Vietnam has consistently demonstrated strong performance in its international trade, with a significant surplus in the current account balance, net trade in goods and services, and net trade in goods. However, the country faces challenges in primary income balance, indicating a deficit. This suggests that while Vietnam excels in attracting secondary income and maintaining a healthy trade balance, there is room for improvement in generating income from primary sources within the economy.

These findings are crucial as they reflect Vietnam's reliance on secondary income sources and highlight the importance of diversifying income streams to ensure sustainable economic growth and stability. Addressing the deficit in primary income could enhance the country's overall balance of payments and strengthen its economic resilience in the long run.

Broad Export Attributes

Exports of goods, services and primary income (BoP, current US$): Vietnam's value is $291.66 billion, significantly above the average of $146.24 billion, ranking 23rd out of 170 countries.

Exports of goods and services (BoP, current US$): Vietnam's value is $290.23 billion, surpassing the average of $122.94 billion, ranking 21st out of 170 countries.

Exports of goods and services (current US$): Vietnam's value is $292.48 billion, notably higher than the average of $129.60 billion, ranking 22nd out of 163 countries.

Exports of goods and services (% of GDP): Vietnam's value is 84.38%, much higher than the average of 38.19%, ranking 9th out of 163 countries.

Goods exports (BoP, current US$): Vietnam's value is $282.63 billion, significantly exceeding the average of $93.31 billion, ranking 17th out of 171 countries.

International tourism, receipts (% of total exports): Vietnam's value is 1.11%, below the average of 9.74%, ranking 107th out of 120 countries.

ICT goods exports (% of total goods exports): Vietnam's value is 38.76%, far above the average of 3.81%, ranking 2nd out of 142 countries.

Summary

Vietnam showcases a robust performance in various export indicators, with values exceeding global averages and securing relatively high rankings internationally. Particularly notable is Vietnam's high percentage of exports compared to its GDP, ranking 9th globally, indicating a strong reliance on exports to drive economic growth. The country's specialization in ICT goods exports, ranking 2nd globally, highlights a strategic advantage in a sector crucial for future economic development and competitiveness.

Merchandise Exports

Vietnam's Merchandise exports amount to $282.63 billion, ranking 18th out of 187 countries. This value is significantly above the average of $89.54 billion.

The percentage of Agricultural raw materials exports in Vietnam is 1.75%, below the average of 2.97%. Vietnam ranks 56th out of 151 countries in this category.

Food exports represent 8.78% of Vietnam's merchandise exports, ranking 109th out of 152 countries. This value is notably lower than the average of 24.06%.

Vietnam's Fuel exports account for 0.95% of its merchandise exports, placing it at 108th out of 147 countries. This value is substantially below the average of 13.70%.

The percentage of Ores and metals exports in Vietnam is 1.05%, ranking 120th out of 152 countries. This value is notably below the average of 9.10%.

Vietnam's Merchandise exports by the reporting economy, residual, stands at 0.01% of total merchandise exports. This places Vietnam at rank 139 out of 166 countries, well below the average of 3.20%.

Summary

Vietnam has a strong presence in merchandise exports, ranking 18th globally with a value of $282.63 billion, well above the average. However, the country lags behind in the export of agricultural raw materials, food, fuel, ores, and metals compared to global averages. Diversification of exports beyond merchandise goods is crucial for Vietnam's economic resilience and competitiveness in the international market.

Technology Exports

Manufactures exports (% of merchandise exports): Vietnam's value of 86.43% is significantly higher than the average of 42.62%. This places Vietnam at rank 11 out of 152 countries in the dataset.

High-technology exports (current US$): Vietnam's export value of $101,534,392,934 is much higher than the average of $16,655,934,078.80. Vietnam ranks 7th out of 151 countries in this dataset.

High-technology exports (% of manufactured exports): Vietnam's value of 41.74% is well above the average of 10.15%. This places Vietnam at rank 5 out of 150 countries in the dataset.

Medium and high-tech exports (% manufactured exports): Vietnam's value of 57.46% is higher than the average of 34.29%. Vietnam ranks 34th out of 149 countries included in the dataset.

Summary

Vietnam stands out in the global market for its strong performance in manufacturing and high-technology exports. With significantly higher percentages in manufactures exports, high-technology exports, and high-technology exports as a percentage of manufactured exports, Vietnam secures notable rankings among a large pool of countries. This economic profile underscores Vietnam's growing competitiveness and specialization in advanced industries, reflecting its potential for sustained economic growth and technological advancement.

Service Exports

Service exports of Vietnam amount to $7.6 billion, which is below the average service exports of $28.9 billion. Vietnam ranks 59th out of 171 countries in service exports data.

Summary

Vietnam's service exports totaling $7.6 billion are significantly lower than the global average of $28.9 billion, placing the country 59th out of 171 nations in service exports. This indicates that while Vietnam is actively participating in the global market, there is room for growth and potential to increase its revenue from exported services by tapping into new markets and enhancing the competitiveness of its service sector.

Commercial Service Exports

Commercial service exports in Vietnam amount to $7,600,000,000. This figure is significantly below the average commercial service exports of $28,508,218,402. Vietnam ranks 58th out of 171 countries in terms of commercial service exports.

Summary

Vietnam's commercial service exports amount to $7.6 billion, which is notably lower than the global average of $28.5 billion. Despite this, Vietnam still ranks 58th out of 171 countries in commercial service exports. This data is crucial as it highlights Vietnam's position in the global market, showcasing both its current standing and potential for growth in the international trade sector.

Broad Import Attributes

Imports of goods and services (current US$): Vietnam's value of $273.36 billion is significantly higher than the average of $126.19 billion, ranking 20th out of 163 countries.

Imports of goods and services (% of GDP): Vietnam's value of 78.86% is above the average of 44.15%, ranking 14th out of 163 countries.

International tourism, expenditures (% of total imports): Vietnam's value of 1.62% is below the average of 3.98%, ranking 107th out of 131 countries.

ICT goods imports (% total goods imports): Vietnam's value of 30.63% is substantially above the average of 6.85%, ranking 2nd out of 143 countries.

Goods imports (BoP, current US$): Vietnam's value of $251.92 billion is higher than the average of $92.01 billion, ranking 17th out of 171 countries.

Imports of goods and services (BoP, current US$): Vietnam's value of $269.81 billion exceeds the average of $120.32 billion, ranking 20th out of 170 countries.

Imports of goods, services and primary income (BoP, current US$): Vietnam's value of $286.05 billion is higher than the average of $144.51 billion, ranking 23rd out of 170 countries.

Summary

Vietnam demonstrates a strong reliance on imports, with values exceeding global averages across various indicators such as imports of goods and services, ICT goods imports, and total imports. This indicates a robust demand for foreign goods and services, showcasing Vietnam's integration into the global economy and its consumption patterns in key sectors.

Merchandise Imports

Merchandise imports (current US$): Vietnam's merchandise imports amount to $262.7 billion, significantly higher than the average of $89.4 billion, ranking 17th out of 190 countries.

Manufactures imports (% of merchandise imports): Vietnam's manufacturing imports account for 80.11% of its total merchandise imports, exceeding the average of 66.76%, ranking 6th out of 152 countries.

Agricultural raw materials imports (% of merchandise imports): Vietnam imports 2.48% of agricultural raw materials, higher than the average of 1.27%, ranking 13th out of 152 countries.

Food imports (% of merchandise imports): Vietnam's food imports constitute 7.76% of its merchandise imports, below the average of 15.89%, ranking 137th out of 152 countries.

Fuel imports (% of merchandise imports): Vietnam's fuel imports represent 4.94% of its merchandise imports, lower than the average of 11.38%, ranking 134th out of 152 countries.

Ores and metals imports (% of merchandise imports): Vietnam's imports of ores and metals make up 3.82% of its merchandise imports, surpassing the average of 2.57%, ranking 30th out of 152 countries.

Merchandise imports by the reporting economy, residual (% of total merchandise imports): Vietnam's residual merchandise imports account for 6.71% of the total, higher than the average of 2.51%, ranking 18th out of 180 countries.

Summary

Vietnam's import profile indicates a strong reliance on manufactured goods, with manufacturing imports comprising a significant 80.11% of total merchandise imports, ranking 6th globally. This specialization in manufacturing imports reveals Vietnam's integration into global value chains and its position as a manufacturing hub within the region. Additionally, the country's above-average imports of agricultural raw materials and ores/metals further underscore its industrialization and economic diversification efforts.

Service Imports

For Service imports (BoP, current US$), Vietnam imported $17,887,000,000. This is below the attribute average of $27,615,356,170. Vietnam is ranked 41 out of 171 countries in this attribute data.

Summary

Vietnam's service imports amount to $17,887,000,000, positioning the country below the global average of $27,615,356,170 and ranking 41 out of 171 countries in this category. This indicates that Vietnam relies less on imported services compared to the global average, which could suggest a higher level of self-sufficiency in service provision or a focus on domestic service industries rather than imports, potentially impacting the country's trade balance and economic resilience.

Commercial Service Imports

For Commercial service imports (current US$), Vietnam's value is $17,887,000,000, which is below the average of $27,102,746,128.60. Vietnam ranks 37 out of 171 countries in this attribute.

Summary

Vietnam's commercial service imports amount to $17.89 billion, falling below the global average of $27.10 billion. Despite ranking 37th out of 171 countries in this aspect, this lower import value could indicate potential challenges or constraints in Vietnam's international trade and economic growth. It may suggest a need for strategic diversification of trade partners or products to boost the country's economic competitiveness and sustainability in the global market.

Infrastructure

Vietnam's railways passenger transport of 1516 million passenger-km is significantly below the average of 32281.92 million passenger-km, ranking 32nd out of 64 countries.

With a goods transport volume of 3759 million ton-km, Vietnam falls below the average of 119231.19 million ton-km, ranking 37th out of 62 countries.

Vietnam's air freight transport of 572.08 million ton-km is below the average of 1384.37 million ton-km, ranking 33rd out of 126 countries.

With 212297 registered carrier departures worldwide, Vietnam exceeds the average of 134365.61 departures, ranking 19th out of 149 countries.

Vietnam's 31771202 passengers carried by air surpass the average of 11848242.70 passengers, securing a rank of 11th out of 149 countries.

Recording 16394723 TEUs of container port traffic, Vietnam exceeds the average of 6907110.27 TEUs, placing 10th out of 110 countries.

Vietnam's railway line length of 3159 total route-km is below the average of 12204.74 total route-km, ranking 33rd out of 66 countries.

Summary

Vietnam performs below average in railways and goods transport volume compared to other countries analyzed, but excels in air freight transport, carrier departures, passengers carried by air, and container port traffic. These indicators suggest Vietnam has a strong aviation and maritime infrastructure, allowing for efficient movement of goods and people, which is vital for economic development and international trade. However, the lower performance in railways and goods transport volume may indicate areas that require further investment and development to enhance overall transportation efficiency and connectivity within the country.

Information Technology Infrastructure

- Secure Internet servers: Vietnam has 302,313 secure Internet servers, which is below the average of 458,294. Vietnam ranks 31 out of 193 countries for this attribute. - Secure Internet servers (per 1 million people): Vietnam has 3,127.96 secure Internet servers per 1 million people, much lower than the average of 14,067.17. Vietnam ranks 63 out of 193 countries in this category. - Individuals using the Internet (% of population): With 70.3% of its population using the Internet, Vietnam is above the average of 64.77%. The country ranks 102 out of 180 in this aspect. - Fixed broadband subscriptions: Vietnam has 16,699,249 fixed broadband subscriptions, surpassing the average of 6,591,956. Vietnam holds the 14th rank out of 185 countries for this metric. - Mobile cellular subscriptions: Vietnam boasts 138,934,626 mobile cellular subscriptions, significantly above the average of 42,526,463. Vietnam ranks 12th out of 193 countries in this category.

Summary

In analyzing key macroeconomic indicators for Vietnam, it is evident that the country has a lower number of secure Internet servers both in total and per 1 million people compared to global averages. However, Vietnam surpasses the average in terms of individuals using the Internet, fixed broadband subscriptions, and mobile cellular subscriptions. These indicators are crucial as they showcase Vietnam's progress in digital connectivity and its potential for further economic growth through enhanced access to information, communication, and technology.

Energy Consumption

Regarding renewable energy consumption in Vietnam, the country's rate is 19.11%, which is below the average rate of 32.18%. Vietnam ranks 110 out of 191 countries in this dataset.

As for CO2 emissions, Vietnam emits 355,323.1 kt of CO2, significantly higher than the average of 171,895.94 kt. This places Vietnam at the 17th rank out of 188 countries in terms of CO2 emissions.

Summary

Vietnam has a lower renewable energy consumption rate compared to the global average, ranking 110 out of 191 countries. Conversely, the country emits a significantly higher amount of CO2 compared to the global average, placing it at the 17th rank out of 188 countries for CO2 emissions. These indicators are crucial as they highlight Vietnam's potential environmental impact and its position in the global transition towards sustainable energy practices.

Government Balance Sheet

In terms of Total reserves (% of total external debt), Vietnam stands at 73.24%, which is 7.12% above the average. This places Vietnam at rank 23 out of 102 countries.

Regarding Reserves and related items (BoP, current US$), Vietnam's value of $16,633,965,102.09 is significantly higher than the average, placing Vietnam at rank 9 out of 171 countries.

For Total reserves minus gold (current US$), Vietnam's value of $94,833,616,150.45 is $20,612,027,978.84 above the average. Vietnam ranks 21 out of 161 countries in this aspect.

When considering Total reserves (includes gold, current US$), Vietnam's value of $94,833,616,150.45 is $9,125,596,376.98 above the average. Vietnam ranks 24 out of 161 countries in this category.

Finally, in terms of Total reserves in months of imports, Vietnam's figure of 3.98 months is notably below the average, positioning Vietnam at rank 103 out of 151 countries.

Summary

Vietnam has a strong position in terms of its total reserves compared to its external debt, with a percentage of 73.24% which is above average, and it ranks 23rd out of 102 countries. The country also has a significantly higher value of reserves and related items, placing it at 9th out of 171 countries. This indicates Vietnam's solid financial standing and ability to meet its external obligations, which is crucial for economic stability and credibility in the international market.

Taxes

Analysis of Tariff Rate in Vietnam: With a weighted mean tariff rate of 1.34%, Vietnam's rate is below the average of 5.21%. This places Vietnam at the 140th rank out of 153 countries included in the data.

Summary

In summary, Vietnam has a relatively low weighted mean tariff rate of 1.34%, ranking 140th out of 153 countries analyzed, well below the average global rate of 5.21%. This low tariff rate indicates that Vietnam has an open trade policy, which could attract foreign investment, promote international trade, and potentially stimulate economic growth through increased exports and competitiveness.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Population, total 15/194
Population ages 0-14, total 16/194
Population ages 15-64, total 14/194
Population ages 65 and above, total 18/194
Rural population 9/190
Armed forces personnel, total 12/164
Cereal production (metric tons) 12/174
Aquaculture production (metric tons) 4/180
Capture fisheries production (metric tons) 7/190
Total fisheries production (metric tons) 4/182
Fertilizer consumption (kilograms per hectare of arable land) 12/187
Agriculture, forestry, and fishing, value added (current US$) 12/182
Manufacturing, value added (% of GDP) 9/173
Trade (% of GDP) 10/163
Merchandise trade (% of GDP) 6/186
Net trade in goods and services (BoP, current US$) 17/171
Net secondary income (BoP, current US$) 9/170
Net trade in goods (BoP, current US$) 16/171
Exports of goods and services (% of GDP) 9/163
Goods exports (BoP, current US$) 17/171
ICT goods exports (% of total goods exports) 2/142
Merchandise exports (current US$) 18/187
Manufactures exports (% of merchandise exports) 11/152
High-technology exports (current US$) 7/151
High-technology exports (% of manufactured exports) 5/150
Imports of goods and services (% of GDP) 14/163
ICT goods imports (% total goods imports) 2/143
Goods imports (BoP, current US$) 17/171
Merchandise imports (current US$) 17/190
Manufactures imports (% of merchandise imports) 6/152
Agricultural raw materials imports (% of merchandise imports) 13/152
Air transport, passengers carried 11/149
Container port traffic (TEU: 20 foot equivalent units) 10/110
Fixed broadband subscriptions 14/185
Mobile cellular subscriptions 12/193
CO2 emissions (kt) 17/188
Reserves and related items (BoP, current US$) 9/171

Ranks in Bottom Decile For:

Attribute Rank/Total
Foreign direct investment, net (BoP, current US$) 160/169
Net primary income (BoP, current US$) 154/170
Food imports (% of merchandise imports) 137/152
Tariff rate, applied, weighted mean, all products (%) 140/153