Business

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Date Submitted: 04/29/2013 07:51 AM

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Fact:

* Language: Vietnamese

* Population: 2012 estimate, 91.519.289, 13rd

* In 2012, Vietnam's nominal GDP reached US$137.681 billion, with a nominal GDP per capita of $1,523, according to theInternational Monetary Fund (IMF).

Religion

* For much of Vietnamese history, Mahayana Buddhism, Taoism and Confucianism have been the dominant religions, strongly influencing the national culture. About 85% of Vietnamese identify with Buddhism.

* According to the General Statistics Office of Vietnam's report for 1 April 2009, 6.8 million (or 7.9% of the total population) are practicing Buddhists, 5.7 milion (6.6%) are Catholics, 1.4 million (1.7%) are adherents of Hòa Hảo, 0.8 million (0.9%) practise Cao Đài, and 0.7 million (0.9%) are Protestants. In total, 15,651,467 Vietnamese (18.2%) are formally registered in a religion.

* http://www.vietspring.org/religion/religioninvn.html

Political

* The Socialist Republic of Vietnam is a single-party state. 

* International Relation

the formal mission statement of Vietnamese foreign policy is to: "Implement consistently the foreign policy line of independence, self-reliance, peace, cooperation and development; the foreign policy of openness and diversification and multi-lateralization of international relations.

From January 11, 2007, Vietnam officially became the 150th member of the World Trade Organization (WTO). This is a major milestone in the process of integration with the international economy.

Economic system

-Vietnam’s fast-growing economy is driven primarily by tourism and exports, but inflation is a problem, and the country has struggled to attract more investment in the absence of a transparent legal and regulatory system.

-Nowadays, Vietnam is in a period of being integrated into the global economy. Almost all Vietnamese enterprises are small and medium enterprises (SMEs). Vietnam has become a leading agricultural exporter and served as an attractive destination for foreign...