A Summary of everything you need to know about Vietnam

Vietnam is a small and S-shaped country that lies in Southeast Asia, the capital is Hanoi and the currency is Dong (VND). It might be small, but it contains such incredible things that you cannot imagine or never know. 

NATURAL RESOURCE ENDOWMENT IN VIETNAM: THE COMBINATION OF THE MOUNTAINS AND THE SEA.

Firstly, let’s talk about the landscape of Vietnam. In the North of Vietnam, it mainly has mountainous, and there are fields of wet rice growth in the South of Vietnam. The Fansipan is the tallest mountain in Vietnam at 3,147 meters. One step on this peak, the swirling clouds will be everything you can observe till the end of the horizon. However, let’s take a look at the lower landscape. It’s Sapa- a town lied next to Hoang Lien Son Mountain of Northwestern Vietnam which near the Mt Fansipan. Sapa was famous for its steep rice terraces and the ancient villages snuggled to every inch of this town. 

The largest cave on earth - Son Doong Cave, the main attraction of Phong Nha - Ke Bang National Park in recent years is the reason for Phong Nha-Ke Bang at the top of this list. However, long before Son Doong was discovered, Phong Nha - Ke Bang was known as a top destination in Vietnam with the Miracle Cave and Phong Nha Cave.

The biggest cave on the planet when measured by cross-section located in Vietnam.

Ha Long Bay, one of the natural heritage of the world. There are thousands of limestone islands and islets are scattered over an area of ​​434 square kilometers, reflected in the water of the green bay. The geographical landscape of Ha Long Bay is the result of a complex geological process that took more than 500 million years. Interestingly, Ha Long Bay was also designed on the back of the Vietnamese 20 000 dong.


Ha Long Bay is a UNESCO World Heritage Site

Along the middle of Vietnam, it is lacking when not mentioning the ancient town of Hoi An. Hoi An - where it seems that the involuntary flow of time cannot bury the ancient atmosphere. The old tiled roofs covered with moss, the streets filled with red lanterns, the delicately carved panels are all bringing us back to the world of a few hundred years ago. That is just a simple part of Hoi An ancient town, but it is enough to make people fall in love and forget the way.


Hoi An ancient town located in QuangNam provide, Vietnam

Hoi An - is seen as A UNESCO's World Heritage list in 1999- where dreamy canals, French-colonial merchant houses, Japanese bridges, Chinese shophouses, and low-key restaurants vie for your attention. Insider - a website specializing in tourism also mentioned Hoi An as one of the most beautiful ancient cities in the world in 2019.

With a large area bordered by sea and coastline stretching from north to south. Therefore, Vietnam's tourism development potential is at the top of Southeast Asian countries. Cities typical of marine tourism development such as Ha Long, Da Nang, Nha Trang are gradually developing amazingly. In these cities, it welcomes hundreds of millions of international visitors each year. The 5-star hotel buildings of major international Groups such as InterContinental, Sheraton, and so on turn these cities into one of the most resort tourism destinations in Asia.


Da Nang city located in the Middle of Vietnam ( pictures of O Mai Chuong )


Nha Trang bay, one of the 29 most beatifull bay in the World.

The economics of Vietnam.

Vietnam used to be one of the poorest in the world until it shifted from a centrally planned to a market economy which makes Vietnam became a lower-middle-income country. At present, Vietnam is ranked 21st among 42 countries in the Asian-Pacific region. Due to the increase in population. It had reached 97 million in 2018, therefore Vietnam is encountering the rapid growth of society and demographics. In 2019, Vietnam’s economy did show its strength in fundamental, exports, and manufacturing. Vietnam was blessed with a perfect area, great natural resources, and its weather for agriculture particularly on rice and coffee. According to the data, the GDP grew by 7 percent which is one of the fastest growth in the Asia Pacific region.  

However, Vietnam is a stable growth country than in other countries. It can be seen as one of the countries that are perfect for better economics in the future. So, many foreign countries really wanted to invest in this small country. Such as China, Korea, and the United States of America...

Vingroup - The largest private company in VietNam

When we talk about the Vietnamese economy. It would be a mistake not to mention a corporation called VIN. Vingroup is a corporation that represents the development of Vietnam's economy. Pham Nhat Vuong, chairman of Vietnam’s biggest listed company Vingroup, also a Vietnam’s richest man in the top 300 billionaires in the world. Vingroup has dozens of subsidiaries including Vin Smart (CellPhone), Vinpearl (Travel), Vinhome(Real Estate), Vinschool, and VinFast, which is seen as Vietnam's first homegrown car manufacturer.

Pham Nhat Vuong featured on Vietnam's Forbes Magazine


VinFast’s Sedan LUX A 2.0 launched at the Paris Motor Show 2018 in Paris. 

Landmark 81, officially named Vincom Landmark 81, is a skyscraper in the Vinhomes Central Park project complex located in Ho Chi Minh City, Vietnam, a project with a total investment of about 1.4 billion USD. Vingroup is an investor. Landmark 81 is the highest building in Southeast Asia, and also ranks as the fifteenth tallest buildings in the world.

Learn more about Vietnam Banknotes Authenticity.

Vietnam is also one of the leading commodity-exporting countries in Southeast Asia. The United States is Vietnam's largest export market with a turnover of USD 60.7 billion. The top five of the largest export commodity group in Vietnam in 2018:

  1. The phones and accessories in 2018 with a turnover of 9.38 billion USD.
  2. The second-largest export commodity group is textiles and garments, with a value of USD 30.49 billion in 2018.
  3. Ranked third in the export list are computers, electronic products, and components, that reached about 29.32 billion USD.
  4. Fourth is the group of agricultural products, including vegetables and fruits, cashew nuts, pepper, tea, coffee, rice, cassava and cassava, and rubber products. The export of this commodity group in 2018 reached USD 17.8 billion.
  5. In fifth place are machinery, equipment, tools, and other spare parts. The export of this commodity group reached 16.55 billion USD. The main import markets for machinery, equipment, tools, and spare parts in 2018 were the United States with 3.41 billion USD, the EU (28 countries) with 2.27 billion USD, and Japan with 1.84 billion USD, India with 1.7 billion USD.

Vietnam’s development over the past 30 years has been remarkable. Economic and political reforms under Đổi Mới, launched in 1986, have spurred rapid economic growth, transforming what was then one of the world’s poorest nations into a lower-middle-income country. In the near future, Vietnam will be one of the most developed powers in all aspects of Asian, the people's lives will be increasingly improved. It may mean that one day, instead of the hustle and bustle of small shops and scooters, Viet Nam will be characterized by large malls and cars. But for now, Viet Nam is growing, at its own pace, and in its own way.

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