What Is The Role Of Communism In Vietnam
Official name: Socialist Republic of Vietnam
Region: South East Asia
Form of Government: Socialist Communism
Largest city: Ho Chi Minh City (formerly Saigon)
Official languages: Vietnamese
Official scripts: Vietnamese
Ethnic groups: 85.7% Kinh (Viet)
Religion: 80% none, 20% other religions
Anthem: Army March Anthem
-Total 331,210 km2
-Water (%) 6.4
- RANKED 66
Population (2014 estimate) - 90,630,000[(13th) - Density 273.11/km2 (46th)
Currency Vietnam Dong (VND)
Human Development Index (2013) Steady 0.638
=> Medium · 121st
Gini (2008) 35.6 Medium
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It is equal to the total expenditures for all final goods and services produced within the country in a specific period of time.
The bar chart illustrates Vietnam’s GDP growth by USD billion from 2006 to 2015. Vietnam’s nominal GDP in 2015 reached the highest ever with 168.2 at 5.4% of growth rate. The GDP value of Vietnam represents 0.30 percent of the world economy. GDP in Vietnam averaged 55.42 USD Billion from 1985 until 2014, reaching an all time high of 186.20 USD Billion in 2014 and a record low of 6.30 USD Billion in 1989. Vietnam ranked 55th worldwide in GDP by World Bank in 2014. It is predicted to flatten in 2015 and start to pick up in 2016.
As for the GDP Per Capita PPP, Vietnam is expected to increase from 5124.65 USD in 2014 to 5370.14 USD in 2015. The GDP per Capita, when adjusted by Purchasing Power Parity is equivalent to 30% of the world 's average. GDP per capita PPP in Vietnam averaged 3146.78 USD from 1990 until 2014, reaching a highest of 5370.14 USD in 2014 and lowest of 1501.14 USD in 1990. Vietnam’s GDP PPP was ranked 126TH by International Monetary Fund and World Bank in 2014 based on estimates of projected data and actual data. The chart above also shows a slow and gradual upswing in the Per capital …show more content…
However, its growth rate so far has never been as high as its neighboring countries. As illustrated in the chart, ever since 1990, there is no breakthrough in Vietnam’s GNI PPP. While Thailand and Philippines have been experiencing high growth rate and economic boom. They have outstripped Vietnam by approximately 400 billion PPP dollars by 2013.
Per capita Income
The GNI per capita is the dollar value of a country 's final income in a year, divided by its population. It reflects the average income of a country 's citizens. Vietnam’s GNI per capita reached the highest ever with 5,070 PPP US dollars by 2013. It is also similar to the total GNI, which is a gradual upswing. In comparison to the other countries in South East Asia such as Indonesia and Cambodia, Vietnam’s GNI per capita is average. According to World Bank, in 2014, Vietnam ranked 152nd worldwide with 5,350 PPP US dollars.
Disposable income per capita has been steadily rising in real terms as the economy has grown. In 2010, it was 819 US dollars. Income varies widely across different regions of the country. Per capita consumer expenditure has risen in line with disposable