Economic growth in 2011 reached 5.9%. While the current accountdeficit is projected to slightly widen, it remains strongly covered byrobust direct investment inflows. Over the medium term, thefoundations for sustained growth are considered to remain firm, asa result of the maintenance of sound macro-economic policies. Vietnam is the most eastern country on the Indochina Peninsula. Itis bordered by China to the north, Lao PDR to the northwest,Cambodia to the southwest and the South China Sea to the east.With a population of over 90 million, Vietnam is the 13th mostpopulous country in the world.
Vietnam is a country of tropical lowlands, hills and densely forestedhighlands, with level land covering no more than 20% of the area.The country is divided into the highlands and the Red River Delta inthe north, the Giai Truong Son (central mountains), the coastallowlands and the Mekong River Delta in the south.
The nation has seven developed ports and harbours at Cam Ranh,Da Nang, Hai Phong, Ho Chi Minh City, Hong Gai, Qhi Nhon andNha Trang. There are also more than 17,000 kilometres ofnavigable waterways, which play a significant role in rural life.
Vietnam has a vast cultural legacy and is also endowed with a 3,444kilometre coastline, providing ample opportunity to develop seabased tourism around spectacular bays, beaches and islands. Theseinclude areas such as Mong Cai City, Halong Bay, Hai Phong City,Nam Dinh Province and Da Nang. The native Vietnamese are the largest ethnic group containing 90%of the population of this largely Buddhist country. The teachings ofConfucius highly influence the individual in Vietnamese society.This stresses for, amongst other things; loyalty, honour, sincerityand respect for age. Collectivism is a general part of society with anindividual seen as secondary to a group. Vietnam joined ASEAN 28 July 1995, making it the seventh member.
Joined ASEAN: 28 July 1995
Head of State: President Truong Tan Sang
Area: 331,210 square kilometres
Border countries: Lao PDR, Cambodia, China
Coastline: 3,444 kilometres (excluding islands)
Capital city: Hanoi
Total population: 91,519,289
Population of capital: 2,668,000
Climate: Tropical in the south, monsoons in the north with the hot, rainy season May to September. Warm and dry October to March