The economy of Vietnam is a mixed socialist-oriented market economy, which is the 37th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP) in 2020. 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 Especially road traffic is growing rapidly but the major roads are dangerous and slow to travel on due to outdated design and an inappropriate traffic mix.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.
Ho Chi Minh City, formerly known as Saigon, is the largest city in Vietnam, situated in the south. In the southeastern region, the city surrounds the Saigon River and covers about 2,061 km2 (796 sq mi).
The Communist Party of Vietnam (CPV) is the founding and sole legal party of the Socialist Republic of Vietnam. Although it nominally exists alongside the Vietnamese Fatherland Front, it maintains a unitary government and has centralized control over the state, military, and media. The supremacy of the CPV is guaranteed by Article 4 of the national constitution. Founded in 1930, the CPV became the ruling party of North Vietnam in 1954 and then all of Vietnam in 1976 after seizing power in South Vietnam.
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 January 2017, it had a total capacity of only 25 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. It was the 25th busiest airport in the world in 2020.
Viet Nam National University Ho Chi Minh City is one of the two largest national research universities in Vietnam, founded on 27 January 1995, and reorganized on 12 February 2001, under the Decision no. 15/2001/QĐ-TTg by the Prime Minister of Vietnam Phan Văn Khải. The university now provides undergraduate and graduate education to 56,427 students, including:
VietJet Aviation Joint Stock Company, trading as VietJet Air or Vietjet, is an international low-cost airline from Vietnam. It was the first privately owned new-age airline to be established in Vietnam, being granted its initial approval to operate by the Vietnamese Minister of Finance in November 2007. As of its launch in December 2011, it became the second private airline to offer domestic service in Vietnam, as well as the fifth airline overall to offer civil domestic flights. VietJet Air is owned by Sovico Holdings, HDBank, other organisational investors, and individual stakeholders.
Vietnam Air Services Company (VASCO) is an airline headquartered in Tân Bình, Ho Chi Minh City, Vietnam. A fully owned subsidiary of Vietnam Airlines, it mainly operates regional scheduled flights on behalf of Vietnam Airlines. It also conducts charter flights, medical evacuations, SAR operations, oil platforms flights, and other aviation services.
The following outline is provided as an overview of and topical guide to Vietnam:
India–Vietnam relations, also knows as Indian-Vietnamese relations, refers to bilateral relations of India and Vietnam.
Ho Chi Minh City metropolitan area is a metropolitan area that was in June 2008 proposed by the Ministry of Construction of Vietnam to the Government of Vietnam for approval. According to this master plan, this metropolitan area will include provinces around Ho Chi Minh City in the Southeast region and 2 provinces in the Mekong Delta region.
Petrolimex Gas Corporation JSC (PGC:VN) is a liquefied petroleum gas state company in Vietnam, involved in the import, export, distribution and sale of LPG for commercial, residential and industrial uses. The company's stock is listed on the Ho Chi Minh City Securities Trading Center and it is majority-owned by Petrolimex, which is "Vietnam National Petroleum Group", a petroleum company of the Vietnam government. The company's main offices are located in Ha Noi; tank farms and container terminals are located in Ha Noi, Hai Phong, Da Nang, Ho Chi Minh City and Can Tho. The company's LPG distribution network includes more than 40 companies and a multitude of bottled gas agents and retailers.
KIDO (formerly known as Kinh Do) Mondelez is joint stock company specialized in producing diversified food and beverage. The company is a member of the Mondelez International Group, which fully acquired the Vietnamese-based corporation in 2016 for a total of $460 million. This acquisition was split into two purchases: one in 2014 for $80 million and one in 2016 for $370 million. The corporate group also includes companies in the fields of financial services, real estate and a retail bakery chain. Kinh Do Corporation manages a wide variety of brand names, distributes imported brand name snack and candy goods, and manufactures food for export from Vietnam. Main offices of the company are located in Ho Chi Minh City.
Petrolimex Joint Stock Insurance Company (PJICO) is state-owned insurance company in Vietnam, involved in the non-life insurance market. The company's stock is currently not listed on the Ho Chi Minh City Securities Trading Center and it is majority-owned by Petrolimex (51%), a state-owned petroleum company. The company is headquartered in Ha Noi and has 49 branches most of Vietnam's provinces. PJICO is the fourth largest insurance provider in Vietnam, and it is the third largest non-life insurer. It had a share of around 10% in the insurance market in 2011, making it fourth after Bao Viet Insurance, PetroVietnam Insurance and Bao Minh.
The North–South express railway is a proposed high speed railway in Vietnam. The line would begin in Hanoi, crossing Hà Tây, Hà Nam, Ninh Bình, Thanh Hóa, Nghệ An, Hà Tĩnh, Quảng Bình, Quảng Trị, Thừa Thiên-Huế, Đà Nẵng, Quảng Nam, Quảng Ngãi, Bình Định, Phú Yên, Khánh Hòa, Ninh Thuận, Bình Thuận, Đồng Nai, Bình Dương, and ending in Ho Chi Minh City. The rail line would connect the two most urbanised areas in Vietnam which are Hanoi in the North's Red River Delta in the north and Ho Chi Minh City in the South's Mekong River Delta. The total proposed length would be 1,570 kilometres (980 mi), compared with the 1,729-kilometre (1,074 mi) of the old railway line. The cost of the line is estimated at US$55.85 billion, to be funded by official development assistance from Japan and by the Vietnamese government itself. The project is planned to be implemented in three phases: Hanoi to Vinh city (285 km); Vinh City to Nha Trang (896 km); and Nha Trang to Ho Chi Minh City (364 km). Construction activities on the first phase are expected to commence in 2020, and the whole project is scheduled for completion in 2050. This project is part of the country's railway transport development strategy by 2020 with a vision to 2050. The project is also part of the Trans-Asian railway network.
Nguyễn Xuân Minh is the Chairman of Techcom Securities, a subsidiary of Techcombank – a leading joint stock bank in Vietnam. Techcom Securities (TCBS) is the leading Wealthtech company and is the largest securities company in Vietnam in terms of profit. TCBS helps domestic companies raise in aggregate more than U$3 billion per year via Debt and Equity Capital Markets in Vietnam. It also has more than 80% market share in trading of local listed corporate bonds in Vietnam. Consecutively, Techcom Securities was named the Best Bond House in Vietnam for 2007–2016, 2008–2017 and 2009–2018 by Alpha Southeast Asia and the Best Debt Capital Markets House for 2017, 2018 and 2019 in Vietnam by FinanceAsia.
Singapore–Vietnam relations refer to the bilateral relations between the Republic of Singapore and the Socialist Republic of Vietnam. Singapore and Vietnam started the trade relations in the 19th century. Since the anti-communist policy of Singapore, Singapore supported South Vietnam before the unification of Vietnam. Singapore also started formal diplomatic relations with North Vietnam on August 1, 1973. After the unification of Vietnam, Singapore started to improve its relations with the Socialist Republic of Vietnam. The relations was worsened during the Cambodian–Vietnamese War, but it has now revived after the People's Army of Vietnam withdrawal from Cambodia.
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.
