The economy of Vietnam is a developing mixed socialist-oriented market economy, which is the 36th-largest in the world as measured by nominal gross domestic product (GDP) and 26th-largest in the world as measured by purchasing power parity (PPP) in 2022. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization.
Transportation in Vietnam is improving rapidly in terms of both quantity and quality. Especially road traffic is growing rapidly but the major roads are dangerous and slow to travel on due to outdated design and an inappropriate traffic mix. In recent years, the construction of expressways has accelerated. Air travel is also important for long distance travel. Metro systems are under construction in the two metropolises of Vietnam, Hanoi and Ho Chi Minh City.
Tân Sơn Nhất International Airport is the busiest airport in Vietnam with 32.5 million passengers in 2016 and 38.5 million passengers in 2018. It serves Ho Chi Minh City as well as the rest of southeastern Vietnam. As of April 2023, it had a total capacity of only 28 million passengers, which has caused constant congestion and sparked debate for expanding or building a new airport. The airport's IATA code, SGN, is derived from the city's former name of Saigon. In 2022, It was the 34th busiest airport in the world, and the second busiest in Southeast Asia.
The Ford Everest is a mid-size SUV produced by Ford Motor Company since 2003. Developed and destined mainly for the Asia-Pacific region with production centered in Thailand, the first-generation Everest is based on the Mazda-based Ford Ranger pickup truck, while the following generations is based on the globally-marketed T6 Ranger. Unlike the Ranger which was paralleled with the Mazda B series or BT-50 until 2020, the Everest has no Mazda equivalent, as it was seen as unfitting for the brand. It has 5 or 7 seat variants.
Thái Nguyên is a province in the Northeast region of Vietnam. It is a mountainous, midland province with a natural land area of 3,526.64 square kilometres (1,361.64 sq mi) and a population of 1,286,751 as of 2019. Its multi-ethnic society is composed of eight ethnic groups.
Thái Nguyên is a city in Vietnam. It is the capital and largest city of Thái Nguyên Province. The city is listed as a first class city and is the ninth largest city in Vietnam. It has long been famous throughout Vietnam for its Tân Cương tea, among the most recognized Vietnamese tea regions. In 1959, it become the site of Vietnam's first steel mill, and is now home to a large and growing major regional university complex.
Da Nang International Airport is located in Da Nang, the largest city in central Vietnam. It is the third international airport in the country, besides Noi Bai International Airport (Hanoi) and Tan Son Nhat International Airport, and is an important gateway to access central Vietnam.
Nội Bài International Airport in Hanoi, the capital of Vietnam, is the second largest and busiest airport for passenger traffic, after Tan Son Nhat International Airport. It is currently the main airport serving Hanoi, replacing the role of Gia Lam Airport. The airport consists of two passenger terminals. Terminal 1 serves domestic flights, and the newly built Terminal 2 serves all international flights to and from Hanoi. The airport is currently the main hub of the flag carrier Vietnam Airlines, travel carrier Vietravel Airlines, and budget carriers Bamboo Airways, Pacific Airlines and Vietjet Air.
Cam Ranh International Airport is located on Cam Ranh Bay in Cam Ranh, a town in Khánh Hòa Province in Vietnam. It serves the city of Nha Trang, which is 30 km (16 NM) from the airport. This airport handled 9,747,172 passengers in 2019, making it the fourth busiest airport in Vietnam, after the ones in Ho Chi Minh City, Hanoi and Da Nang, and one of the fastest growing airports in the country.
India–Vietnam relations, also knows as Indian-Vietnamese relations, are the bilateral relations of India and Vietnam.
Ford India Private Limited is a subsidiary of Ford Motor Company for its operations in India. Ford India Private Limited's headquarter is located in Sholinganallur, Chennai, Tamil Nadu. Ford also had operated integrated manufacturing facilities in Sanand, Gujarat. On September 9, 2021, Ford has exited the Indian market as it failed to keep up with the competition, and other global economic factors had led to reduction in demand. On 8 August 2022, Ford announced it would be selling its manufacturing plant in the western state of Gujarat for INR 7.26 billion to Tata Motors. Since 2021, Ford India has focused on the businesses of supporting a service network, import and distribution of automotive parts, and the sale of extended warranties.
Mondelez Kinh Do is part of Mondelēz International, Inc, located in Chicago, Illinois (US). It is a global snacking powerhouse that aims to lead the future of snacking industry with iconic global and local brands such as Cosy biscuits, Kinh Do mooncakes, Solite cakes, Slide potato chips, AFC crackers, OREO cookies, RITZ crackers, LU biscuits, Toblerone chocolate, Cadbury Dairy Milk chocolate, Tang powdered beverage, Halls candy, Trident gum and many more. In Vietnam, it operates in three locations in Ho Chi Minh City, two plants in Binh Duong and Hung Yen, Vietnam, with more than 3,000 employees.
The Hanoi Metro is a rapid transit system in Hanoi, the capital city of Vietnam. Owned by Vietnam Railways and operated by Hanoi Metro Company (HMC), it is the first operational rapid transit system in Vietnam. The first line opened to service on 6 November 2021.
The Ford Bridgend Engine Plant was an internal combustion engine factory owned by Ford of Europe and located in Bridgend, Wales. Between 1980 and 2020, it made over 22 million engines used in Ford, Volvo, Jaguar and Land Rover cars.
General Motors Vietnam Company, Ltd. is a defunct automobile manufacturer based in Vietnam and a member of GM Southeast Asia Operations.
Water supply and sanitation in Vietnam is characterized by challenges and achievements. Among the achievements is a substantial increase in access to water supply and sanitation between 1990 and 2010, nearly universal metering, and increased investment in wastewater treatment since 2007. Among the challenges are continued widespread water pollution, poor service quality, low access to improved sanitation in rural areas, poor sustainability of rural water systems, insufficient cost recovery for urban sanitation, and the declining availability of foreign grant and soft loan funding as the Vietnamese economy grows and donors shift to loan financing. The government also promotes increased cost recovery through tariff revenues and has created autonomous water utilities at the provincial level, but the policy has had mixed success as tariff levels remain low and some utilities have engaged in activities outside their mandate.
Vietnam utilizes four main sources of renewable energy: hydroelectricity, wind power, solar power and biomass. By the end of 2018, hydropower was the largest source of renewable energy, contributing about 40% to the total national electricity capacity. In 2020, wind and solar had a combined share of 10% of the country's electrical generation, already meeting the government's 2030 goal, suggesting future displacement of growth of coal capacity. By the end of 2020, the total installed capacity of solar and wind power had reached over 17 GW. Over 25% of total power capacity is from variable renewable energy sources. The commercial biomass electricity generation is currently slow and limited to valorizing bagasse only, but the stream of forest products, agricultural and municipal waste is increasing. The government is studying a renewable portfolio standard that could promote this energy source.
Vingroup Joint Stock Company, is the largest conglomerate of Vietnam, focusing on technology, industry, real estate development, retail, and services ranging from healthcare to hospitality. The company was founded by property developer and entrepreneur Phạm Nhật Vượng in Ukraine in 1993 as Technocom and was originally producing food products.
The automotive industry in Vietnam is a fast-growing sector mainly reliant on domestic sales. All currently produced models are designed abroad by foreign brands, and many rely on knock-down kit production. Due to a high import taxes on automobiles, the Vietnamese government protects domestic manufacturing. Although Vietnam is a member of the ASEAN Free Trade Area, automobile imports fall under an exception. Since January 1, 2018, the 30% import tax has been discontinued as part of ASEAN agreements. Currently, the Vietnamese motor industry is not deemed competitive enough to make exports feasible. As of April 2018, 85% of car sales in Vietnam were produced domestically from CKD kits.
VinFast LLC is a Vietnamese-founded private automotive company. Established in 2017, it is a member of the conglomerate organization Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng. It is the first Vietnamese car brand to expand into global markets as well as the first to expand into producing electric vehicles (EV) such as electric cars and electric scooters.
