Lewes, DE -- (SBWire) -- 06/12/2019 --In the time of escalating trade war between the United States and China, Vietnam's economy is all set to grow. Country's manufacturing industry has shown signs of growth, with multinationals like IKEA planned to invest US$450 million on a retail center and warehouse system in Hanoi. There are also indications that investment has fast-tracked since the imposition of US sanctions on China last year. In the first four months of 2019, Chinese investment into Vietnam has already reached USD 1.6 bn which about 65% of the total for 2018.
Vietnam is one of the most beautiful countries located in South East Asia. In the North, Vietnam shares a long borderline with China. In the East, Vietnam is bordered by the Gulf of Tonkin, in the East and South by the South China Sea, in the South West by the Gulf of Thailand, and in the West by Cambodia and Laos. Owning to stretching the length of the Indochinese Peninsula, Vietnam boasts a unique shape of an elongated S and a long coastline of 3,260km with a lot of wonderful sites.
Vietnam had an estimated population of 91. 678 million in the year 2016 and expected to reach 97.934 million by 2022. Vietnam's unemployment rate was 2.4% of total labor force, which is expected to remain the same till 2022.
Vietnam's real gross domestic product (GDP) was around VND 3054470.219 billions in 2016 whereas the nominal GDP was VND 4502732.989 billions. This resulted in a GDP deflator 147.415. Per capita GDP was estimated at USD 2173.27 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 6428.57.
In 2016, the Vietnam government's revenue was estimated to be VND 1044666 billion whereas the expenditure was estimated to be VND 1342119 billion. This resulted in the Vietnam government's net lending / borrowing negative at VND 297453 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Vietnam was estimated to be at USD 9.432 billion for the year 2016 and is expected to decline at a CAGR of 10Vietnam is a net lender to the whole world.
Scope of Vietnam – PESTLE Analysis Report
- This report provides information about key macroeconomic indicators for Vietnam.
- This report provides PESTLE (political, economic, social, technological, environmental and legal) analysis for Vietnam.
For more information and to purchase Vietnam PESTLE Analysis & Macroeconomic Trends Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/vietnam-pestle-analysis-macroeconomic-trends-market-research-report
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