Vietnam at a Glance

Socialist Republic of Vietnam Cộng hòa Xã hội chủ nghĩa Việt Nam

Capital: Hanoi (second largest city in Vietnam)

-        Geographical Location: the easternmost country on the Indochinese Peninsula

-        Area: 331,212 sq. km (127,882 sq. miles)

-        Population: 96.2 million inhabitants

-        Official Language: Vietnamese is spoken by the majority of the population

-        Major Religion: Vietnamese folk religion

-       Form of Government: unitary Marxist-Leninist one-party socialist republic(one of the two communist states in Southeast Asia)

-        Prime Minister: Nguyễn Xuân Phúc

-        Currency: VND (₫) (23,159.46 VND = 1 USD)

-        Economy:

According to Trading Economics global macro models and analysts’ expectations, GDP in Vietnam is expected to reach 210.00 USD Billion by the end of 2020.

-         International Reserves: reserves in Vietnam decreased to 80,741 USD Million in February from 81,144.8 USD Million bt the end of 2020.

-           Why Vietnam is another recommended country for property investment?

            1.     With a sharp increase (9.7%) of Foreign Direct Investment (FDI) and 6.76% economic growth in 2019, Vietnam’s                                GDP is expected to surpass Singapore by 2029.

            2.     Top ten most visited countries by tourist in 2019. (Source: CONDÉ NAST TRAVELLER)

            3.     In the first 10 months of 2019, Vietnam received nearly 14.5 million international tourists with a year-on-year                                    increase of 13%.