A Closer look At Vietnam’s Economic Conditions

A Closer look At Vietnam’s Economic Conditions

By: Dominic Cao

Vietnam’s Main Source of Income

The economy of Vietnam is a developing planned economy and market economy

Vietnam is a net exporter of agricultural products such as rice, coffee, pepper, cashews, tea, rubber, wood products, and fishery products

Their major export income comes from United States, Europe, Japan, South Korea

N.p., n.d. Web. <http://aartd.com/news/vietnams-aquaculture-industry-an-update/>.

Vietnam’s Imports

Machinery Refined Petroleum Steel Material for textile industry Cloth

N.p., n.d. Web. <http://www.customs.gov.vn/Lists/EnglishNews/ViewDetails.aspx?ID=276&Category=News%20and%20Events&language=en-US>.

Vietnam’s Exports

Crude oil Textile and Garments Footwear Fisheries products and electronics

N.p., n.d. Web. <http://www.ide.go.jp/English/Publish/Download/Brc/PolicyReview/09.html>.

Vietnam’s GDP

The gross domestic product in Vietnam was at its highest in 2013 worth 141.67 billion US dollars

http://www.tradingeconomics.com/vietnam/gdp

Vietnam’s GNP

The gross national product in Vietnam was 3,102,443 VND Billion in 2012

N.p., n.d. Web. <http://www.tradingeconomics.com/vietnam/gross-national-product>.

Vietnam’s Mineral Resources

Variety of Bulk and niche minerals Bauxite Rare Earths Tungsten Titanium Phosphate Coal Iron ore

N.p., n.d. Web. <http://www.masangroup.com/masanresources/en/vietnam-resources>.

Vietnam’s National Dept

Vietnam recorded a Government Debt to GDP of 54.98 percent of the country's Gross Domestic Product in 2013

N.p., n.d. Web. <http://www.tradingeconomics.com/vietnam/government-debt-to-gdp>.

Vietnam’s Currency

Vietnamese Dong 1 Vietnamese Dong=0.000047 US Dollar

N.p., n.d. Web. <http://saigoninacup.com/2010/02/05/dollars-dong-credit-cards/>.

Vietnam’s Physical Geography

Vietnam’s Physical Location

Southeastern Asia, bordering the Gulf of Thailand, Gulf of Tonkin, and South China Sea, alongside China, Laos, and Cambodia

N.p., n.d. Web. <http://geography.about.com/library/cia/blcvietnam.htm>.

Natural Protective Barriers

Vietnam has densely forested mountains

N.p., n.d. Web. <http://www.scientificamerican.com/blog/post/a-tree-grows-in-vietnam-and-another-2009-08-31/?id=a-tree-grows-in-vietnam-and-another-2009-08-31>.

Tropical Rainforests

Vietnam’s RegionsN.p., n.d. Web. <http://www.erepublik.com/sv/article/admins-please-create-evietnam--1860345/1/20>.

Vietnam’s Sea RoutesN.p., n.d. Web. <http://www.ttrweekly.com/site/2013/01/officials-float-sea-channel-plan/>.

N.p., n.d. Web. <http://tettrungthu.weebly.com/geography.html>.

N.p., n.d. Web. <http://cavetour.net/3500/hang-en-2day-ultimate-cave-adventure/>.

N.p., n.d. Web. <http://www.citypassguide.com/destination/ninh-binh/attractions/tam-coc-caves>.

19th Century

N.p., n.d. Web. <http://english.cholontourist.com.vn/index.php/thong-tin-du-lich/197-the-elegant-combination-of-phat-diem-stone-cathedral>.

N.p., n.d. Web. <http://vietnamarchitecture.org/2883/green-architecture-for-sustainable-living-in-vietnam/>.

N.p., n.d. Web. <http://hiddencharmtravel.com/hoi-ancient-town/#.U3YmZFPOv0I>.

Modern Vietnamese Architecture

N.p., n.d. Web. <http://inhabitat.com/som-to-create-amazing-green-tech-city-for-hanoi-vietnam/>.

Vietnam’s architecture was influence from the French colonial period

Many houses and buildings in Vietnam are very tall and narrow

They are called Tube Houses that include courtyards partway through to improve air flow

Vietnam’s Culture

N.p., n.d. Web. <http://www.orthogonalthought.com/blog/index.php/2009/04/what-i-ate-april-28-2009-which-wich-pho-thaison/>.

Pho-This simple staple consisting of a salty broth, fresh rice noodles, a sprinkling of herbs and chicken or beef, features predominately in the local diet

N.p., n.d. Web. <http://www.yelp.com/biz_photos/com-tam-tran-quy-cap-fountain-valley?select=crhDdaV4p27WzwsOYabQhA#crhDdaV4p27WzwsOYabQhA>

Com Thit Nuong- This simple meal is the Saigonese equivalent of bun cha -- with rice in place of noodles. A tender pork cutlet is barbecued over hot coals to give it a rich, smoky flavor, and laid over the fluffy white com

N.p., n.d. Web. <http://www.absolutelyfobulous.com/2011/08/25/100-lobster-egg-roll-fried-ballin-goodness/>.

Eggrolls- a very thin flat piece of dough that is wrapped around a mixture of chopped vegetables and often meat and then usually fried

Religions in Vietnam

Work Ethics

Second most corrupt country in South-East Asia The workforce struggles with conditions in the factories

they work in The workers suffer from conditions like long hours with little

to no breaks, unsanitary environments, and lack of appropriate

Vietnamese 85%-90%, Chinese, Hmong, Thai, Khmer, Cham, various mountain groups

How are women treated?

Suffer from discrimination Suffer from violence Obstacles and gender disparities in access to public, employment

and economic opportunities, income They work at home, most don’t get paid Pick rice or farm

N.p., n.d. Web. <http://www.actionaidusa.org/vietnam/what-we-do/womens-rights>.

Main Holiday

Vietnamese New years is on January 31 and is called Tet It is the most important festival and public holiday in Vietnam and

lasts Tet falls on the first night of the new moon in the first of the Lunar

Calendar, usually taking place between the last week of January and the third week of February

People will buy more new clothes at this time of year and it is also a popular time for people to change jobs or switch careers

Ong Tau, the god of the Hearth returns at midnight on the start of new year and is welcomed with fireworks and gongs

Sweet sticky rice is made- meat or beans, and spices wrapped in a leaf and boiled for half a day. Called banh chung

Social StructureN.p., n.d. Web. <http://www.hierarchystructure.com/vietnam-social-hierarchy/>.

Recreational Activies

Soccer is popular in Vietnam along with volleyball, badminton, wrestling, bicycling, chess, billiards

Boat Trips Elephant Riding Water Slide Parks Zoos Cu Chi Tunnels Hanoi History Museum War Remnants Museum Caving

Marriage Practices

Men usually married between 20 and 30 years, and women at 18 to 25 years. Women kept their maiden names legally but used their husband's name formally

Influence from Confucian and Buddhist ideologies Engagement Ceremony the first day following Marriage Ceremony

the next day

Works Cited

N.p., n.d. Web. <http://globaledge.msu.edu/countries/vietnam/economy>. N.p., n.d. Web.

<http://www.kwintessential.co.uk/resources/global-etiquette/vietnam.html>. N.p., n.d. Web. <http://www.officeholidays.com/cou ntries/vietnam/tet.php>. N.p., n.d. Web.

<http://www.britannica.com/EBchecked/topic/628349/Vietnam/52719/Sports-and-recreation>.

N.p., n.d. Web. <http://clubs.ncsu.edu/vsa/www/traditions/traditions2.html>.