ASEAN: Regional Trends in Economic Integration, Export ... - USITC
ASEAN: Regional Trends in Economic Integration, Export ... - USITC
ASEAN: Regional Trends in Economic Integration, Export ... - USITC
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VIETNAM<br />
ECONOMIC PROFILE<br />
<strong>Economic</strong> Indicators<br />
2004 2008<br />
Population (million) 82.7 86.1<br />
Nom<strong>in</strong>al GDP (billion US$) 45.4 91.3<br />
Real GDP growth (%) 7.8 6.2<br />
Goods exports (million US$) 26,485 61,600<br />
Goods imports (million US$) 28,772 77,606<br />
Trade balance (million US$) ─2,287 ─16,006<br />
GDP per capita (US$ at PPP) 1,932 2,793<br />
Inward FDI stock (million US$) 29,115 48,325<br />
Source: Economist Intelligence Unit, Country Report:<br />
Vietnam, June 2009; United Nations Conference on Trade and<br />
Development, FDISTAT Interactive Database. PPP =<br />
purchas<strong>in</strong>g power parity.<br />
Sources of GDP (2009)<br />
Vietnam’s trade agreements <strong>in</strong>clude:<br />
• <strong>ASEAN</strong>-Ch<strong>in</strong>a, preferential trade agreement<br />
cover<strong>in</strong>g goods (eff. July 2003);<br />
• <strong>ASEAN</strong>-Ch<strong>in</strong>a, economic <strong>in</strong>tegration agreement<br />
cover<strong>in</strong>g services (eff. July 2007);<br />
• <strong>ASEAN</strong>-Japan, free trade agreement cover<strong>in</strong>g<br />
goods (eff. Dec. 2008);<br />
• <strong>ASEAN</strong> Free Trade Area (AFTA), free trade<br />
agreement cover<strong>in</strong>g goods (eff. Jan. 1992); and<br />
• Japan-Vietnam, free trade agreement and<br />
economic <strong>in</strong>tegration agreement cover<strong>in</strong>g goods<br />
and services (eff. Oct. 2009).<br />
Source: World Trade Organization, <strong>Regional</strong> Trade<br />
Agreements, Vietnam, http://rtais.wto.org (accessed<br />
March 17, 2010). Eff. = effective.<br />
Industry<br />
40.3%<br />
Agriculture<br />
20.7%<br />
Services<br />
39.1%<br />
Pr<strong>in</strong>cipal imports: mach<strong>in</strong>ery and equipment,<br />
petroleum products, fertilizer, steel products, raw<br />
cotton, gra<strong>in</strong>, cement, and motorcycles.<br />
Pr<strong>in</strong>cipal exports: crude oil, mar<strong>in</strong>e products, rice,<br />
coffee, rubber, tea, garments, and shoes.<br />
Source: U.S. Central Intelligence Agency, The World<br />
Factbook: Vietnam, March 2010.<br />
Ma<strong>in</strong> trade partners, percent of total, 2007<br />
<strong>Export</strong> markets<br />
Suppliers<br />
United States 21.5 Ch<strong>in</strong>a 20.4<br />
Japan 10.8 S<strong>in</strong>gapore 11.8<br />
Australia 7.0 Japan 9.6<br />
Ch<strong>in</strong>a 5.9 South Korea 7.7<br />
Source: Economist Intelligence Unit, Country Report:<br />
Vietnam, June 2009.<br />
E-12