Vietnam’s economy and finance have developed significantly in recent years, with GDP growth, per capita income and the development of key economic sectors. Currently, Vietnam is in the top 40 largest economies in the world. Vietnam’s financial system includes main components such as public finance, corporate finance, financial markets, international finance and household finance.
- Economic growth:
GDP: Vietnam’s economy is about 343 billion USD in 2020, ranking in the top 40 largest economies in the world and fourth in ASEAN.
GDP per capita: Increased from 1,331 USD in 2010 to about 2,750 USD in 2020.
Economic growth: Vietnam is forecast to be one of the fastest growing economies in Asia by 2025. - Main economic sectors:
Agriculture: Vietnam leads the ASEAN bloc in agricultural production.
Industry: Vietnam is in the process of industrialization and modernization.
Services: Attracts a large number of tourists from China and Europe. - Financial system:
Public finance: Includes the state budget and extra-budgetary funds.
Corporate finance: Includes financial activities of enterprises.
Financial markets: Includes money markets and capital markets.
International finance: Includes international financial activities and financial centers.
Household and personal finance: Includes financial activities of households and individuals. - Influencing factors:
Financial market:
Vietnam’s financial market is developing, with the participation of banks, investment funds and other financial institutions.
Stock market:
Vietnam’s stock market is increasingly developing and attracting the attention of domestic and foreign investors.
International finance:
Vietnam is actively participating in international financial activities and free trade agreements.