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Vietnam's economic situation in the first 9 months of 2019

GRDP of Hanoi in the first 6 months of 2019 was estimated at USD 15,280 million (~VND 355,408 billion), rose 7.21% compared with the same period in 2018. Among 3 main economic sectors, “industry & construction” sector ranked first in growth rate (8.38%), “commerce & service” sector came the second place with 6.66%, and “agriculture, forestry and fishing” had lowest growth rate (1.15%). Industrial production index in the first 6 months of 2019 rose 7.3% compared to the same period last year. In which, the processing industry increased by 7.4%; electricity production & distribution rose 8% and water supply and garbage processing increased by 7.4%. On the other hand, the

In the first 6 months of 2019, GRDP of Ho Chi Minh City reached USD 26,229 million (~VND 610,096 billion), increased 7.61% compared to the same period of 2018. In aforementioned 7.61%, “commerce & service” accounted for 4.79% and those of “industry & construction” and “agriculture, forestry & fisheries” were 1.54% and 0.04% respectively. Industrial production index increased by 7% compared to the first 6 months of 2018. In particular, electricity production and distribution 8.7%, processing and manufacturing industry increased by 7.0% and water supply & waste treatment increased by 1.1%. The total export value of city enterprises exported through the city port (including crude oil) in the first 6

Last Updated: 25th June 2019 General Nation Socialist Republic of Vietnam Capital Hanoi (2017 population 7.66 million) Independence day September 2nd 1945 Politics One-party state (Communist State) Army Vietnam’s People Army Currency Vietnam Dong Geography Location Southeast Asia Provinces 5 municipalities and 58 provinces Area 331,230.8 km2 Climate Tropical and Monsoon Time zone GMT+7 Demography Population (2018 July est) 97.04 million Density (2017 est) 305 people/km2 Urban population (2017 est) 32.2 million (33.6%) Average age (2017) 30.8 Languages Vietnamese, English Minorities’ languages Main language Vietnamese Ethnicity 54 Ethnic groups (Kinh (Viet) 85.7%) Life expectancy at birth (2018) 73.9 years old HDI (2018) 0.694 Economy GDP (2017) 5,119,892 billion VND (220.4

Vietnam ranked among the world’s top highest female labour-force participation rates ranking. Statistics from ILO shows that, as of 2018, Vietnam ranked 12th in world and 2nd in South East Asia as their proportion of women aged 15 to 64 in the labour force reached over 79%. Along with high female labor-force participation share, the proportion of women in senior managing positions in enterprises operating in Vietnam was also ranked 2nd in Asia at 36% as stated by Grant Thornton in its 2019 Women in business report. These figures reflect the crucial role of Vietnamese women in the society and the shifting of balance of power between them and their

The total revenue of Vietnam tourism industry in 2018 was calculated at USD 26,655 million (~VND 620,000 billion). The growth rate achieved 21.4%, decreased 6.1% in comparison with 2017 (27.5%). The total quantity of tourists in 2018 also reached 95.4 million, rose 10.8% over 2017 (86.1 million). In particular, the quantity of foreigner visitors in 2018 was more than 15.4 million, increased by 19.9% comparing to the same period last year. China and Korea are two countries have the most citizens visiting Vietnam with the quantity which are respectively 4.9 million and 3.4 million, even larger than the quantity of Europe (2 million) and America (0.9 million). Even though the

Unemployment rate (overall) Unemployment rate of working-age labor was 2.24%, lower than the rate of 2.3% in 2016, of which it was 3.18% for the urban area; 1.78% for the rural area.   Underemployment rate (overall) Underemployment rate of working-age labor = 1.62%, lower than the rate of 1.66% in 2016, of which it was 0.82% for the urban area and 2.03% for the rural area.   Source: General Statistics Office

Revenue   Total government revenues = 1,288.665 trillion dongs, of which domestic revenues = 1,032.164 trillion dongs, collecting from export and import duty = 97.018 trillion dongs and from oil = 49.5 trillion dongs.   Expenditure   Total government expenditures = 1462.965 trillion dongs, of which spending for development investment = 365.526 trillion dongs; spending for social and economic services = 907.111 trillion dongs; for activities of state management agencies, the Communist party and unions = 128.08 trillion dongs.   Source: General Statistics Office

    GRDP in HCM 2016   Estimated GRDP in Ho Chi Minh City reached 1,023,926 billion VND( real value). Total investment fund in 2016 reached 310,521 billion VND( = 100.13% target)( up 9.26% from 2015). Total retail sale and service revenue in December 2016 reached 66,039.7 billion VND(up 9.2% from last month). Generally, in 2016, total revenue reached 682,703 billion VND( up 9.1% from 2015)     Export and Import Value in HCM     Total export value in December 2016 reached 3,219.7 million USD( up 13% from last month). In 2016, export value reached 31,799.8 million USD( up 5.2% from 2015). Total import value in December 2016 reached