The economy of Vietnam is a developing mixed socialist-oriented market economy incorporating industrial policies and strategic five-year plans, which is the 35th-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. It is a lower-middle income country with a low cost of living. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization.
Hanoi is the capital and second-most populous city of Vietnam. As evident by the literal translation of its name – 'inside the river' – portions of Hanoi's border are deliniated by the Red River and the Black River. As a municipality, Hanoi consists of 12 urban districts, 17 rural districts, and 1 district-level town. It has an area of 3,359.82 km2 (1,297.23 sq mi) and a population of 8,435,700 in 2022. In 2020, Hanoi has the second-highest gross regional domestic product of all Vietnam provinces and municipalities at 51.4 billion USD, behind Ho Chi Minh City. Hanoi Capital is also ASEAN 8th largest economy after Surabaya.
Transportation in Vietnam is improving rapidly in terms of both quantity and quality. Road traffic is growing rapidly but the major roads are dangerous and slow to travel on due to outdated design and an inappropriate traffic mix.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 Hanoi and Ho Chi Minh City.
The dong has been the currency of Vietnam since 3 May 1978. It is issued by the State Bank of Vietnam. The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre.
Quảng Ngãi is a northern coastal province in the South Central Coast region, the Central of Vietnam. It borders Quảng Nam to the north, Bình Định to the south, Kon Tum to the west, Gia Lai to the southwest and the East Sea to the east.
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.
Asia Commercial Bank, often abbreviated to ACB, is the largest private bank in Vietnam by assets, headquartered at 442 Nguyễn Thị Minh Khai, Ward 5, District 3, Ho Chi Minh City. It was registered on 19 May 1993 and began operations in June 1993. The bank trades at the Ho Chi Minh Stock Exchange under the symbol ACB, where it listed on December 9, 2020 after previously trading at the Hanoi Stock Exchange.
The Joint Stock Commercial Bank for Investment and Development of Vietnam, commonly known as BIDV, is a Vietnamese state-owned bank in Vietnam. It is the country's biggest bank by assets as of June 2021. According to the United Nations Development Programme report on the 100 largest enterprises in Vietnam, BIDV came in at the 4th position after Agribank, VNPT, and EVN.
Hàng Trống painting is a genre of Vietnamese woodcut painting that originated from the area of Hàng Trống and Hàng Nón streets in the Old Quarter of Hanoi, Vietnam. In the past, Hàng Trống painting was an essential element of the Tết Nguyên Đán holiday in Hanoi, but today this tradition almost has disappeared and authentic Hàng Trống paintings are found only in museums or fine art galleries. However, the art of making Hàng Trống paintings is always considered a symbol of traditional culture and aesthetic value of Vietnam.
Dương Thị Ngọc Vân courtesy name Vân Nga (雲娥) was the only empress dowager of the Đinh dynasty and afterwards empress of Lê Đại Hành, the first emperor of the Early Lê dynasty. When her husband Đinh Tiên Hoàng was assassinated in 979, Dương Vân Nga became the Empress Dowager of the Đinh dynasty as her son Đinh Phế Đế succeeded the throne. During the short-lived reign of Đinh Phế Đế, Dương Vân Nga and the general Lê Hoàn jointly held the regentship for the 6-year-old emperor, later it was Dương Vân Nga and general Phạm Cự Lượng who decided to cede the Đinh dynasty's throne for Lê Hoàn in 980 so that Đại Cồ Việt could stand the Song dynasty's invasion with a capable ruler. Subsequently, Lê Hoàn entitled Dương Vân Nga as his empress, hence she became the first woman in the history of Vietnam to be married to two emperors.
Bao Viet is the largest Vietnamese insurance company and Vietnam's seventh largest listed company by market capitalisation. It is state-owned and has a strategic partnership with HSBC, which also holds 18% of Bao Viet's shares. HSBC is, however, soon to be replaced by Sumitomo Life. Besides various insurance products, Bao Viet has diversified into stock market trading, fond management and real estate. It also has subsidiaries in banking, hotels and construction. Bao Viet has been losing market shares in recent years and has also been making losses in the insurance sector since 2009.
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 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 knock-down kits.
VinFast Auto Ltd. is a Vietnam-based multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Pham Nhat Vuong.
Turkey has an embassy in Hanoi and Vietnam has an embassy in Ankara, and a trade office in Istanbul.
DatVietVAC is a Vietnamese media, entertainment and technology group. Founded in 1994 by Dinh Ba Thanh, it is described as Vietnam's first and largest media company and launched the first private TV channel in the country. The group operates the major Vietnamese OTT streaming platform VieON.
The following is a timeline of the COVID-19 pandemic in Vietnam.
The COVID-19 vaccination in Vietnam is an ongoing immunization campaign against severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), in response to the ongoing pandemic in the country. Following the approval of the Oxford–AstraZeneca COVID-19 vaccine on 30 January 2021, vaccinations commenced on 8 March 2021, and will continue throughout the year with the goal of vaccinating 80% of the population by June 2022. The Sputnik V was later approved for use on 23 March 2021. The Sinopharm BIBP vaccine was approved for emergency use on 4 June 2021, while Pfizer–BioNTech COVID-19 vaccine, Moderna COVID-19 vaccine and Janssen COVID-19 vaccine were approved on 12 June 2021, 29 June 2021, and 15 July 2021, respectively. Vietnam approved Abdala vaccine from Center for Genetic Engineering and Biotechnology on 18 September 2021, and Covaxin from Bharat Biotech on 10 November 2021.
The 19th Vietnam Film Festival was held from December 1 to December 5, 2015, in Ho Chi Minh City, Vietnam, with the slogan "Vietnamese Cinema - Ethnicity, Humanity, Creativity, Integration".
Nguyễn Đức Chung is a former Major General of the Vietnam People's Public Security and Vietnamese politician. He is a former Chairman of the Hanoi People's Committee. In August 2020, he was prosecuted and detained.
