GENERAL OVERVIEW

Vietnam, with over 93.67 million[1] inhabitants in 2017, is the third largest ASEAN member state by population. The majority of Vietnam’s population works in the agricultural sector. According to General Statistics Office of Vietnam, the industrial sector contributes around 40% to Vietnam’s GDP with the total GDP of USD 223.8 billion[1]. Since the late 1980s, the economy of Vietnam has been undergoing a reform – modernization and integration into the global economy. Hanoi is the capital and political centre of the country.

[1] ASEAN Secretariat. ASEAN Statistical Leaflet 2018