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100 Million+

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Vietnamese

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Vietnam Dong

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331,212 Skm

VIETNAM

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The Socialist Republic of Vietnam (SRV), is a country at the eastern edge of mainland Southeast Asia, its the world's fifteenth-most populous country.

 

Vietnam shares land borders with China to the north, and Laos and Cambodia to the west. It shares maritime borders with Thailand through the Gulf of Thailand, and the Philippines, Indonesia, and Malaysia through the South China Sea. Its capital is Hanoi and its largest city is Ho Chi Minh City (commonly referred to by its former name, Saigon).

Chambers of Commerce

chambers of commerce are very useful in vietnam for networking and business support, as well as professional accommodation. Chambers are business portals that can direct you to the right professionals. 

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demography in vietnam
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DEMOGRAPHY

As of 2023, Vietnam's demography is characterized by a young and growing population, urbanization, and changing demographic trends influenced by economic development and social shifts.

Key aspects of demography in Vietnam in 2023 include:

  • Population Growth: Vietnam has a population of approximately 100 million people, making it one of the most populous countries in Southeast Asia. The population has been steadily growing due to a relatively high birth rate and improved healthcare, contributing to a youthful demographic profile.

  • Youthful Population: A significant portion of Vietnam's population consists of young people. The median age is relatively low, with a large percentage of the population falling within the working-age group. This demographic structure presents both opportunities and challenges for the country's labor force and economic development.

  • Urbanization: Urbanization continues to shape Vietnam's demographic landscape, with a growing number of people moving from rural to urban areas in search of better opportunities. Major cities like Ho Chi Minh City and Hanoi have experienced rapid urban growth, leading to changes in lifestyle, infrastructure, and social dynamics.

  • Changing Family Patterns: Social changes and economic growth have contributed to evolving family patterns. While traditional values of family cohesion remain strong, modernization has led to smaller family sizes and changing roles within households.

  • Education and Healthcare: Improvements in education and healthcare have resulted in increased life expectancy and reduced infant mortality rates. This has contributed to a growing and healthier population.

  • Migration: Internal migration within the country and international migration for work opportunities have influenced demographic patterns. People from rural areas often seek work in urban centers or other countries, impacting population distribution and contributing to urbanization.

  • Fertility Rate and Family Planning: The government has implemented family planning policies to manage population growth. Although fertility rates have declined over the years, efforts to promote family planning and reproductive health continue to influence demographic trends.

  • Aging Population: While Vietnam's population is still relatively young, the country is experiencing the beginning of an aging population trend. As life expectancy increases and fertility rates decline, the proportion of elderly citizens is expected to rise in the coming decades, posing challenges for healthcare and social support systems.

Overall, Vietnam's demography in 2023 reflects a dynamic interplay of youth, urbanization, economic development, and changing social norms. These demographic trends will have significant implications for the country's future workforce, social policies, and overall development trajectory.

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INTERIOR ECONOMY

Vietnam's internal economy has been experiencing significant growth and transformation in recent years. The country has transitioned from an agrarian-based economy to one that is increasingly driven by manufacturing, services, and technology sectors.

Industrialization and urbanization have played a key role in shaping Vietnam's internal economy. The manufacturing sector, especially in areas like electronics, textiles, and footwear, has seen substantial growth, driven by foreign direct investment and export-oriented production. This has led to the creation of jobs and increased income levels for many Vietnamese citizens.

The services sector, including finance, retail, and tourism, has also expanded rapidly. The rise of the middle class and changing consumer preferences have fueled demand for various services, contributing to overall economic growth.

Furthermore, the Vietnamese government has implemented economic reforms and policies to promote private sector participation and entrepreneurship. This has led to a thriving startup ecosystem and an increase in innovative ventures across various industries.

While the internal economy has shown resilience and dynamism, challenges such as income inequality, environmental sustainability, and infrastructure development still remain. The government continues to focus on addressing these issues while fostering sustainable and inclusive economic growth.

Overall, Vietnam's internal economy is evolving and diversifying, with ongoing efforts to create a conducive environment for business growth, innovation, and long-term economic prosperity.

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STOCK EXCHANGE

The stock exchange in Vietnam, known as the Ho Chi Minh City Stock Exchange (HOSE), is a key player in the country's financial market. It serves as a platform for companies to raise capital by listing their shares and provides investors with opportunities to trade securities. The stock market has shown consistent growth over the years, attracting domestic and foreign investors. Government initiatives, regulatory reforms, and improved transparency have contributed to its development, making it an essential component of Vietnam's evolving financial landscape.

Some companies of the HOSE:

 

  • Vietcombank (VCB) - Vietnam Joint Stock Commercial Bank for Foreign Trade

  • Vinhomes (VHM) - Real estate development and management

  • VietinBank (CTG) - Vietnam Joint Stock Commercial Bank for Industry and Trade

  • Techcombank (TCB) - Vietnam Technological and Commercial Joint Stock Bank

  • Vingroup (VIC) - Conglomerate with interests in real estate, retail, and entertainment

  • BIDV (BID) - Bank for Investment and Development of Vietnam

  • Vietjet Air (VJC) - Low-cost airline company

  • PetroVietnam Gas (GAS) - Oil and gas exploration, production, and distribution

  • FPT Corporation (FPT) - Information technology services and software development

  • MWG (Mobile World Group) - Retailer of consumer electronics and mobile devices

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IMPORT - EXPORT - GDP

Vietnam is a rapidly growing and dynamic player in the global import and export market. The country has established itself as a key manufacturing and trading hub in Southeast Asia, attracting significant foreign investment and driving its economy forward.

In terms of exports,

Vietnam is known for its diverse range of products, including electronics, textiles, footwear, machinery, and agricultural goods such as coffee, rice, and seafood. The country has leveraged its competitive labor costs and favorable trade agreements to become a major exporter to various markets, including the United States, European Union, China, and other Asian countries.

On the import side,

Vietnam imports a wide array of products to meet domestic demand and support its growing industries. These imports include machinery, equipment, raw materials, petroleum products, and consumer goods. China, South Korea, and other ASEAN countries are among Vietnam's key trading partners for imports.

Vietnam's strategic geographic location, along with its participation in international trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), have further boosted its import and export activities. These agreements provide businesses with improved market access and reduced tariffs, making Vietnam an attractive destination for trade.

The government of Vietnam continues to focus on trade liberalization and economic reform to enhance its global trade relations and strengthen its position in the global supply chain. As a result, the country's import and export landscape is expected to continue evolving and expanding in the coming years.

GDP in Vietnam is expected to reach 433.33 USD Billion by the end of 2023, (3.3%) according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam GDP is projected to trend around 461.49 USD Billion in 2024 and 492.88 USD Billion in 2025, according to our econometric models.

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DIGITAL - TECH

The tech and digital industry in Vietnam has experienced remarkable growth and innovation in recent years, positioning the country as a burgeoning player in the global technology landscape. With a young and tech-savvy population, a growing startup ecosystem, and supportive government policies, Vietnam has become an attractive destination for tech investment and development.

Vietnam has witnessed the rise of numerous successful tech startups across various sectors, including e-commerce, fintech, edtech, and healthtech. These startups have leveraged the country's strong engineering talent pool and competitive cost structure to create innovative solutions tailored to both domestic and international markets.

The government's focus on fostering digital transformation has led to the proliferation of e-government services, digital payment platforms, and smart city initiatives. This commitment to technological advancement has attracted foreign tech giants to establish a presence in Vietnam, further contributing to the growth of the industry.

The country's thriving software outsourcing industry is another hallmark of its tech prowess. Vietnam has gained recognition as a preferred destination for offshore software development due to its skilled workforce, competitive pricing, and commitment to quality.

Investments in 5G infrastructure and advancements in artificial intelligence (AI) and blockchain technology also highlight Vietnam's ambition to be at the forefront of tech innovation in the region.

While the tech and digital industry presents significant opportunities, challenges such as intellectual property protection, regulatory compliance, and the digital divide in rural areas remain areas of focus for industry stakeholders.

Overall, the tech and digital industry in Vietnam is dynamic and evolving, marked by a blend of innovation, entrepreneurship, and government support that positions the country for continued growth and success on the global tech stage.

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CULTURE - ART

Vietnam offers a rich tapestry of cultural activities that showcase its history, traditions, and artistic heritage. From vibrant festivals to traditional performances, these activities provide insights into the country's diverse cultural identity.

Festivals play a significant role in Vietnamese culture, reflecting both its spiritual beliefs and agricultural heritage. The Lunar New Year, known as Tet, is the most important and widely celebrated festival, marked by elaborate decorations, family reunions, and traditional customs. Other festivals, such as the Mid-Autumn Festival and Hung King's Temple Festival, offer unique opportunities to witness cultural rituals and engage in communal festivities.

Traditional performances, such as water puppetry and ca tru singing, offer captivating glimpses into Vietnam's performing arts heritage. Water puppetry, a centuries-old art form, involves intricate puppet shows performed on water using wooden puppets manipulated by hidden puppeteers. Ca tru is a genre of ceremonial singing accompanied by traditional instruments, showcasing the country's melodic and poetic traditions.

Vietnam's cultural activities also extend to its handicrafts and traditional crafts. Visitors can explore bustling markets and artisan villages to witness artisans creating intricate silk products, pottery, lacquerware, and wood carvings. These crafts serve as a link to the past while contributing to the country's artistic legacy.

In recent years, modern cultural activities have gained prominence in Vietnam. Contemporary art galleries, music festivals, and fashion shows offer a blend of traditional and contemporary expressions, reflecting the country's evolving cultural landscape.

Overall, Vietnam's cultural activities provide a captivating glimpse into its rich heritage, fostering an appreciation for its history, traditions, and artistic achievements.

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ENTREPREUNORSHIP

Entrepreneurship for foreigners in Vietnam offers a range of opportunities and challenges in a dynamic and rapidly evolving business landscape. The Vietnamese government has taken steps to encourage foreign investment and entrepreneurship, making it relatively easier for foreigners to start and operate businesses in the country.

Foreign entrepreneurs can establish various types of businesses, such as joint ventures, wholly foreign-owned enterprises, and branches or representative offices. Vietnam's strategic geographic location, favorable trade agreements, and growing consumer market make it an attractive destination for business ventures.

However, navigating the regulatory and bureaucratic processes can be complex, requiring a thorough understanding of local laws, regulations, and business practices. Cultural nuances and language barriers may also pose challenges for foreigners looking to establish a presence in the Vietnamese market.

Networking and building relationships with local partners, suppliers, and customers are essential for success. Developing a deep understanding of the local market, consumer preferences, and competition is crucial to creating a sustainable business model.

Foreign entrepreneurs often find opportunities in sectors such as manufacturing, technology, hospitality, and services. Vietnam's young and tech-savvy population, along with its growing middle class, presents a promising customer base for innovative products and services.

Overall, entrepreneurship for foreigners in Vietnam offers the potential for growth and success, but it requires careful planning, adaptability, and a willingness to embrace the unique challenges and opportunities of the local business environment.

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TAXES - ACCOUNTING

Taxes in Vietnam are an important aspect of doing business and are governed by the country's tax laws and regulations. The tax system is relatively straightforward, with various types of taxes applicable to both individuals and businesses.

Corporate income tax is a key consideration for businesses, with rates varying based on the industry and location. Value-added tax (VAT) applies to the sale of goods and services and is generally set at a standard rate of 10%. Personal income tax is also levied on individuals based on their income levels.

Foreign businesses and individuals operating in Vietnam may be subject to specific tax regulations, such as withholding tax on certain types of income. Double taxation treaties between Vietnam and other countries help mitigate the impact of double taxation on foreign entities.

The Vietnamese government has implemented measures to improve tax administration and increase transparency, including the adoption of electronic tax filing and payment systems. However, navigating the tax landscape can still be challenging due to language barriers and changes in regulations.

It is advisable for businesses and individuals to seek professional guidance from local tax experts or advisors to ensure compliance with tax obligations and to optimize their tax strategies. Understanding and effectively managing taxes is crucial for maintaining a successful and compliant business presence in Vietnam.

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AGRICULTURE

Agriculture holds a significant place in Vietnam's economy and culture, serving as a vital source of employment and contributing to the country's food security and export earnings. With a diverse climate and fertile land, Vietnam has a rich agricultural heritage that spans various regions and crops.

Rice cultivation is a cornerstone of Vietnamese agriculture, with the country being one of the world's largest rice producers and exporters. The iconic terraced rice fields in the northern mountains are a testament to the centuries-old tradition of rice farming. In addition to rice, Vietnam produces a variety of crops, including coffee, rubber, tea, fruits, and vegetables.

The country's aquaculture and fishing industry is also robust, making Vietnam one of the world's largest seafood exporters. Shrimp, pangasius, and other aquatic products contribute significantly to both domestic consumption and international trade.

Despite its agricultural strengths, the sector faces challenges such as land degradation, climate change, and a need for modernization. The Vietnamese government has implemented various policies to promote sustainable farming practices, improve productivity, and ensure food safety.

In recent years, there has been a growing emphasis on high-tech agriculture and agribusiness, with startups and entrepreneurs exploring innovative solutions for crop cultivation, livestock farming, and value-added food products.

Agriculture in Vietnam is deeply rooted in tradition while embracing modernization, reflecting the country's commitment to balancing economic growth with environmental sustainability and food security.

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PRESS

Press freedom in Vietnam is limited, with the government exerting significant control over the media landscape. State-owned media dominates the industry, and independent journalism often faces censorship and restrictions on reporting certain topics. Despite these challenges, Vietnam has a diverse media landscape that includes a mix of state-owned, private, and online outlets.

Here are some of the main media outlets in Vietnam:

  • Vietnam News Agency (VNA): The state-run national news agency, responsible for providing official news and information both domestically and internationally.

  • Vietnam Television (VTV): The state-owned television network that broadcasts a range of programs, including news, entertainment, and educational content.

  • Radio the Voice of Vietnam (VOV): The government-operated national radio broadcaster, offering news, music, and cultural programming.

  • Tuoi Tre (Youth): One of the most prominent Vietnamese newspapers, covering a wide range of topics including politics, economics, culture, and sports.

  • Thanh Nien (Youth): Another major newspaper known for its coverage of current events and social issues.

  • Nhan Dan (The People): The official newspaper of the Communist Party of Vietnam, providing news and information from the party's perspective.

  • Saigon Times: A business-focused newspaper providing economic and financial news and analysis.

  • Zing News: A popular online news portal offering a mix of news, entertainment, and lifestyle content.

  • VNExpress: A widely-read online news platform that covers a broad range of topics, including current events, business, and culture.

  • Dan Tri: An independent online news site known for its coverage of social issues and human rights.

It's important to note that while there is a growing online and social media presence in Vietnam, the government also monitors and censors online content. Independent and critical journalism can face challenges in terms of freedom of expression and government scrutiny.

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CONSUMPTION

Consumption in Vietnam has undergone significant transformation in recent years, driven by a burgeoning middle class, urbanization, and changing consumer preferences. As the economy grows and living standards improve, Vietnamese consumers are increasingly seeking a diverse range of goods and services.

Traditional markets and street vendors still play a vital role in daily consumption habits, offering fresh produce, household items, and local street food. However, modern retail formats such as supermarkets, convenience stores, and shopping malls have gained popularity, especially in urban areas.

The Vietnamese consumer market is characterized by a strong preference for value and quality. Brands that offer a balance between affordability and quality tend to resonate well with consumers. Imported products, especially those from neighboring countries and Western brands, are sought after for their perceived quality and prestige.

The rise of e-commerce and digital technology has further transformed consumption patterns. Online shopping and mobile payment platforms have gained traction, enabling consumers to access a wide range of products and services from the comfort of their homes.

Food and beverages, apparel, electronics, and personal care products are among the key categories driving consumption in Vietnam. Additionally, there is a growing interest in health and wellness products, sustainable and eco-friendly options, and experiences such as travel and entertainment.

While consumption patterns have evolved, certain cultural aspects of traditional Vietnamese lifestyles, such as family values and communal gatherings, continue to influence consumer choices. Overall, the changing consumption landscape in Vietnam reflects a dynamic blend of modernity and tradition, offering businesses opportunities to cater to a diverse and evolving consumer base.

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SPORTS

Sports play an important role in Vietnamese society, reflecting a mix of traditional and modern influences. Football (soccer) is the most popular sport in the country, with a passionate fan base and a strong presence in both urban and rural areas. The Vietnamese national football team, known as the Golden Dragons, has garnered significant support and competes in international tournaments.

Besides football, martial arts hold a significant place in Vietnamese culture. Traditional martial arts such as Vovinam and Bình Định are practiced and celebrated for their historical and self-defense value. These martial arts have also gained recognition on the international stage.

Badminton, volleyball, and table tennis are among the other popular sports in Vietnam, with participation extending from recreational to competitive levels. Water sports such as swimming and rowing also enjoy popularity due to the country's extensive coastline and numerous rivers.

Vietnam has been making strides in the international sports arena, participating in the Olympic Games and other major international competitions. The country's athletes have achieved notable success in events like weightlifting, shooting, and gymnastics.

In recent years, there has been increased emphasis on developing sports infrastructure, encouraging grassroots participation, and promoting a healthy lifestyle among the population. Sporting events and competitions, both local and international, contribute to the vibrant sports culture of Vietnam.

Overall, sports in Vietnam reflect a blend of tradition and modernity, showcasing the nation's athletic talent, cultural heritage, and commitment to promoting physical well-being among its people.

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EMPLOYEMENT

Employment in Vietnam is a complex and evolving landscape influenced by factors such as economic growth, urbanization, education, and technological advancement. The country has experienced significant improvements in employment opportunities and labor market conditions in recent years.

Vietnam's labor force is characterized by a youthful population, with a large proportion of young adults entering the workforce. The majority of employment is in the informal sector, including agriculture, small businesses, and family-owned enterprises. However, the formal sector, comprising manufacturing, services, and technology, has been expanding rapidly.

The manufacturing sector, fueled by foreign direct investment and export-oriented production, has generated a considerable number of jobs, particularly in industries such as electronics, textiles, and footwear. Vietnam's participation in international trade agreements has further boosted employment opportunities by facilitating market access and foreign investment.

The services sector, including retail, tourism, and finance, has also seen growth and contributed to employment opportunities, especially in urban areas.

Despite these positive developments, challenges remain. Informal and low-skilled jobs are still prevalent, and underemployment remains an issue for certain segments of the population. There is a growing emphasis on improving vocational training and education to bridge the skills gap and enhance employability.

The government has implemented policies to support job creation, skill development, and workforce mobility. Initiatives such as vocational training programs, labor market information systems, and efforts to promote entrepreneurship contribute to a more robust employment environment.

In recent years, the rise of the digital economy and tech startups has introduced new avenues for employment, particularly for young professionals with tech-related skills.

Overall, employment in Vietnam is marked by a dynamic interplay of traditional sectors, industrial growth, and efforts to address challenges through education and policy initiatives, with the aim of providing meaningful and sustainable job opportunities for its workforce.

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TRANSPORTS

Transportation in Vietnam has undergone significant improvements and changes in recent years, reflecting the country's rapid economic growth and urbanization. The transportation system in Vietnam is diverse, encompassing various modes of travel and connectivity options.

Road transportation is the primary mode of travel, with a network of highways, roads, and streets connecting cities, towns, and rural areas. Motorbikes are a ubiquitous form of personal transportation, particularly in urban centers, providing a cost-effective and efficient way for people to navigate through traffic.

Railway infrastructure has also seen modernization and expansion, with both passenger and freight services connecting major cities and regions. The Reunification Express, a scenic railway route, offers travelers the opportunity to experience the country's landscapes and culture.

Waterways, including rivers and coastal areas, have traditionally been essential for transportation and trade. While maritime transportation remains important for cargo and goods movement, tourism and leisure cruises along the Mekong Delta and Halong Bay are popular attractions.

Air travel has experienced rapid growth, with modern airports and expanded flight networks connecting major cities domestically and internationally. The availability of affordable flights has made air travel an increasingly popular option for both business and leisure travelers.

Vietnam's transportation sector has benefited from government investment and development initiatives, resulting in improved infrastructure and connectivity. However, challenges such as traffic congestion, road safety, and environmental concerns continue to be addressed through various policies and initiatives.

In recent years, ride-sharing and food delivery services have become integral parts of urban transportation, providing convenient options for locals and visitors alike.

Overall, transportation in Vietnam reflects a dynamic blend of traditional and modern modes, with ongoing efforts to enhance infrastructure, connectivity, and sustainability to accommodate the country's growing mobility needs.

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SECURITY & SAFETY

Security and safety in Vietnam have improved over the years, reflecting the country's commitment to ensuring the well-being of its residents and visitors. While Vietnam is generally considered safe for travelers, it's important to be aware of certain considerations and take precautions.

Crime rates in Vietnam are relatively low compared to many other countries, and violent crime is rare. Petty crimes such as pickpocketing and scams targeting tourists can occur, especially in crowded tourist areas. Travelers are advised to remain vigilant, keep an eye on their belongings, and be cautious when sharing personal information or engaging in transactions.

Road safety can be a concern, particularly in urban areas where traffic can be chaotic and traffic rules are not always strictly followed. Travelers should exercise caution when crossing streets and consider using reputable transportation options.

In terms of health and hygiene, Vietnam has made significant strides in improving healthcare facilities and standards. It's recommended for travelers to ensure they are up to date with routine vaccinations and consider vaccinations for diseases such as typhoid and hepatitis A. Drinking bottled or boiled water and practicing good hygiene can help prevent food and waterborne illnesses.

Natural disasters, such as typhoons and flooding, can occur in certain regions of Vietnam, particularly during the rainy season. Travelers are advised to stay informed about weather conditions and follow local authorities' instructions in the event of severe weather.

Overall, while Vietnam is relatively safe for travelers, it's important to stay informed, exercise common sense, and be aware of your surroundings to ensure a safe and enjoyable experience. Consulting travel advisories and guidelines from reputable sources before and during your trip can help you make informed decisions and stay safe.

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BANKING

Banking in Vietnam has undergone significant reforms and modernization in recent years, reflecting the country's economic growth and integration into the global financial system. The banking sector in Vietnam plays a crucial role in facilitating financial transactions, supporting business activities, and promoting economic development.

Key aspects of banking in Vietnam include:

  • Banking System: Vietnam's banking system consists of various types of banks, including state-owned commercial banks, joint-stock banks, foreign banks, and branches of foreign banks. The State Bank of Vietnam (SBV) serves as the country's central bank and regulates and supervises the banking sector.

  • Services and Products: Vietnamese banks offer a range of financial services and products, including savings accounts, checking accounts, loans, credit cards, and remittance services. Digital banking and online transactions have become increasingly popular, with many banks offering mobile banking apps and online platforms for convenience.

  • Foreign Investment: The banking sector has seen increased participation from foreign banks and financial institutions, contributing to competition, innovation, and improved services. Foreign banks offer a wider range of financial products and services, catering to both individuals and businesses.

  • Payment Systems: The adoption of modern payment systems, including electronic funds transfers, mobile payments, and digital wallets, has gained momentum in Vietnam. These systems offer convenient and secure ways for individuals and businesses to manage their finances and conduct transactions.

  • Financial Inclusion: The government has taken steps to promote financial inclusion and improve access to banking services, particularly in rural and remote areas. Initiatives such as mobile banking vans and simplified account opening procedures aim to bring banking services to a wider population.

  • Regulatory Framework: The SBV oversees the banking sector's regulatory framework, including prudential regulations, capital requirements, and risk management standards. The goal is to ensure the stability and integrity of the financial system.

  • Challenges and Reforms: Despite progress, challenges such as non-performing loans, governance issues, and potential exposure to financial risks remain. The government continues to implement reforms to enhance transparency, governance, and risk management practices within the banking sector.

Overall, banking in Vietnam has evolved to meet the demands of a growing economy and changing consumer behaviors. The sector continues to adapt to new technologies, regulations, and market trends, contributing to Vietnam's economic development and financial integration on the global stage.

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INSURANCE

Insurance in Vietnam has gained prominence as the country's economy grows and individuals and businesses seek to manage risks and protect their assets. The insurance industry in Vietnam has undergone significant development and modernization in recent years, reflecting increased awareness of the importance of insurance coverage.

Key aspects of insurance in Vietnam include:

Types of Insurance: The insurance market in Vietnam offers a wide range of insurance products, including life insurance, health insurance, property insurance, motor vehicle insurance, and liability insurance. These products provide coverage against various risks, ensuring financial protection for policyholders.

Market Players: The insurance industry in Vietnam comprises both domestic and foreign insurance companies. Several international insurance companies have established a presence in the country, contributing to competition, product innovation, and improved service quality.

Regulatory Oversight: The Ministry of Finance and the Insurance Supervisory Authority (ISA) regulate and oversee the insurance industry in Vietnam. The government has implemented measures to enhance the regulatory framework, promote transparency, and protect the interests of policyholders.

Increasing Awareness: As the understanding of insurance benefits grows, more individuals and businesses are recognizing the value of insurance coverage. Insurance education campaigns and initiatives have contributed to raising awareness about risk management and financial security.

Penetration and Growth: While the insurance industry in Vietnam is expanding, insurance penetration and coverage levels are still relatively low compared to more developed markets. However, the growing middle class, urbanization, and rising disposable income are driving increased demand for insurance products.

Digital Transformation: The adoption of digital technology has played a role in transforming the insurance industry. Online platforms and mobile apps provide convenient ways for individuals to compare policies, purchase coverage, and manage their insurance portfolios.

Challenges and Opportunities: The insurance sector in Vietnam faces challenges such as limited product awareness, fraud, and the need for more sophisticated risk assessment. However, these challenges also present opportunities for insurers to innovate, develop tailored solutions, and expand their customer base.

Overall, the insurance industry in Vietnam is evolving to meet the evolving needs of individuals and businesses seeking protection against various risks. As the market continues to mature, insurance plays a vital role in enhancing financial security and contributing to the overall stability of the country's economy.

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SOCIAL - BEHAVIOUR - MINDSET

Social behavior in Vietnam is influenced by a rich cultural heritage, traditional values, and modern dynamics. The Vietnamese people are known for their warmth, hospitality, and strong sense of community, which shape their interactions and relationships.

Key aspects of social behavior in Vietnam include:

  • Respect for Elders: Respect for elders is a fundamental value in Vietnamese culture. Younger generations show deference to their elders through gestures, language, and customs, reflecting the importance of family and tradition.

  • Group Harmony: Vietnamese society places a strong emphasis on maintaining harmony within social groups. Individuals often prioritize group interests over personal desires and strive to avoid confrontation or disagreement.

  • Etiquette and Politeness: Politeness and proper etiquette are highly regarded. Greeting others with a bow, using honorifics, and expressing gratitude are common practices that reflect respect and consideration.

  • Face and Saving Face: "Face" or maintaining one's social reputation is vital in Vietnamese culture. People avoid actions that could cause loss of face for themselves or others. Diplomacy and tact are used to address sensitive issues.

  • Gift-Giving: Giving and receiving gifts is a common social practice, especially during festivals, holidays, and special occasions. Gifts symbolize goodwill, and the act of giving reflects a sense of generosity and thoughtfulness.

  • Dining Etiquette: Sharing meals is a central social activity in Vietnam. Dining etiquette involves using chopsticks correctly, offering food to others, and showing appreciation for the host's hospitality.

  • Modesty: Modesty in behavior and appearance is valued in Vietnamese society. Modest dress and humility in conversation are seen as signs of propriety and respect for others.

  • Non-Verbal Communication: Non-verbal cues, such as facial expressions, gestures, and eye contact, play a significant role in communication. Reading and understanding these cues is essential for effective interaction.

  • Strong Work Ethic: Hard work, diligence, and dedication to one's profession are admired traits. A strong work ethic is often associated with success and contributing to the well-being of the family.

  • Changing Dynamics: Modernization, urbanization, and exposure to global influences have led to evolving social behavior in Vietnam. Younger generations may adopt more individualistic attitudes while still respecting traditional values.

Overall, social behavior in Vietnam reflects a blend of tradition, cultural values, and evolving dynamics. The strong sense of community, respect for elders, and emphasis on harmony continue to shape the interactions and relationships of the Vietnamese people.

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VISA - IMMIGRATION

Visa and immigration policies in Vietnam are essential considerations for travelers and individuals planning to live or work in the country. Vietnam has established guidelines and procedures to facilitate entry, residence, and employment for foreign nationals.

 

Key aspects of visa and immigration in Vietnam include:

  • Visa Types: Vietnam offers various types of visas, including tourist visas, business visas, work visas, and diplomatic visas. The type of visa required depends on the purpose of travel and the duration of stay.

  • Visa Exemptions: Citizens of certain countries are eligible for visa exemptions for specific durations of stay. These exemptions allow travelers to enter Vietnam without a visa for a limited period, typically ranging from 14 to 90 days, depending on the nationality.

  • Visa-on-Arrival: The visa-on-arrival (VOA) option is available for travelers arriving at certain international airports in Vietnam. This allows visitors to obtain a visa upon arrival by pre-arranging the necessary documentation through a travel agency or online platform.

  • Work Permits: Foreigners planning to work in Vietnam need to obtain a work permit before employment. Employers are typically responsible for applying for work permits on behalf of their foreign employees.

  • Residence Cards: Long-term residents, such as foreign workers, investors, and their family members, may be eligible to apply for residence cards. These cards provide legal permission for extended stays and may have varying validity periods.

  • Visa Extension and Renewal: Visitors already in Vietnam can apply for visa extensions or renewals through the local immigration authorities. Extension options vary based on visa type and intended duration of stay.

  • Documentation: Common documents required for visa applications include a valid passport, completed application forms, passport-sized photos, and supporting documents depending on the visa category.

  • Entry and Exit Procedures: Travelers are required to go through immigration and customs procedures upon entry and exit. It's important to follow the rules and regulations and declare any items or goods as required.

  • Changing Regulations: Visa and immigration policies in Vietnam can change over time due to government regulations and agreements. Travelers should stay updated on the latest requirements and procedures before planning their trip.

  • Professional Assistance: Many travelers and expatriates find it helpful to seek advice from local embassies, consulates, or immigration agencies to ensure accurate and up-to-date information regarding visa and immigration processes.

 

Overall, understanding visa and immigration procedures is crucial for a smooth and lawful entry and stay in Vietnam. It's advisable to research and prepare in advance, especially for long-term stays or work arrangements, to ensure compliance with Vietnamese regulations.

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WHAT POEPLE LOVE ABOUT VIETNAM

People are drawn to Vietnam for its captivating blend of culture, natural beauty, and vibrant energy. Some of the aspects that people love about Vietnam include:

  • Scenic Landscapes: Vietnam boasts stunning landscapes, from the iconic terraced rice fields in the north to the picturesque coastline along the South China Sea. The breathtaking beauty of places like Halong Bay, Sapa, and Da Nang's Marble Mountains captivates visitors.

  • Rich Culture and History: Vietnam's long and intricate history is reflected in its ancient temples, historic sites, and traditional architecture. Visitors appreciate the opportunity to explore the country's past through landmarks like the ancient town of Hoi An and the Imperial Citadel in Hue.

  • Delectable Cuisine: Vietnamese cuisine is celebrated worldwide for its fresh ingredients, bold flavors, and diverse dishes. From the iconic pho and banh mi to regional specialties like cao lau and bun bo Hue, the food culture in Vietnam is a culinary adventure.

  • Warm Hospitality: Vietnamese people are known for their warm and friendly nature. Visitors often appreciate the genuine hospitality and interactions with locals, whether it's sharing stories in a homestay or chatting with street vendors.

  • Bustling Markets and Street Scenes: Vibrant markets, bustling streets, and lively night markets offer a sensory feast for visitors. Exploring these lively spaces allows people to immerse themselves in everyday life and discover unique products and souvenirs.

  • Diverse Activities: Vietnam offers a range of activities for different interests, from trekking in the mountains and cruising through tranquil waters to exploring ancient ruins and bustling cities. Adventure seekers, history buffs, and leisure travelers all find something to love.

  • Affordability: Vietnam's relatively low cost of living and affordable prices for accommodations, food, and transportation make it an attractive destination for budget-conscious travelers.

  • Cultural Festivals: Festivals like Tet (Lunar New Year) and Mid-Autumn Festival provide insight into Vietnam's cultural traditions and offer a chance to participate in local celebrations.

  • Unique Local Experiences: From traditional water puppet shows and cyclo rides to homestays in rural villages and participating in cooking classes, travelers enjoy immersive experiences that provide a deeper understanding of Vietnamese culture.

Overall, the charm of Vietnam lies in its blend of ancient traditions and modern dynamism, creating an enticing and memorable destination that captures the hearts of visitors from around the world.

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FOODING

Vietnamese cuisine is renowned for its rich flavors, aromatic herbs, and diverse range of dishes that reflect the country's cultural and regional influences. Characterized by a harmonious balance of ingredients and textures, Vietnamese food offers a delightful culinary experience.

One of the highlights of Vietnamese cuisine is its emphasis on fresh ingredients. Herbs like mint, cilantro, and Thai basil are commonly used to enhance flavors and add a refreshing element to many dishes. Rice, noodles, and a variety of proteins, including pork, chicken, seafood, and tofu, form the base of many meals.

Pho, a flavorful noodle soup typically made with beef or chicken, is perhaps the most iconic Vietnamese dish known worldwide. Another popular dish is banh mi, a French-inspired baguette sandwich filled with various meats, vegetables, and condiments. Other favorites include spring rolls, both fresh and fried, as well as rice paper rolls filled with herbs, vermicelli, and proteins.

Vietnamese cuisine varies from region to region. In the north, dishes tend to be milder and more influenced by Chinese flavors, while the central region features spicier and more complex flavors. In the south, the cuisine is known for its vibrant tropical fruits and the use of sweet and savory combinations.

Street food culture is integral to Vietnamese culinary traditions. Sidewalk vendors and bustling markets offer a wide array of affordable and delicious options, allowing locals and visitors alike to enjoy an authentic taste of Vietnam.

Overall, Vietnamese food is a reflection of the country's history, geography, and cultural diversity, making it a culinary journey that captivates the senses and leaves a lasting impression.

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SOCIAL NETWORKING

Social networks in Vietnam have experienced rapid growth and widespread adoption, shaping communication, information-sharing, and online interactions among the country's population. Digital connectivity and smartphone penetration have contributed to the popularity of social media platforms and their influence on Vietnamese society.

Key aspects of social networks in Vietnam include:

  • Platform Diversity: A variety of social media platforms are popular in Vietnam, with Facebook, YouTube, Instagram, and Zalo being among the most widely used. Each platform serves different purposes, from personal communication to content consumption and business promotion.

  • Social Media Usage: Social media is an integral part of daily life for many Vietnamese people. Individuals use these platforms to connect with friends and family, share updates, photos, and videos, and stay informed about current events and trends.

  • Business and Marketing: Social networks have become essential for businesses to connect with customers, promote products and services, and engage in e-commerce activities. Many businesses leverage social media advertising and influencer partnerships to reach their target audience.

  • Online Communities: Social media platforms facilitate the formation of online communities based on shared interests, hobbies, and passions. These communities provide a platform for like-minded individuals to connect, share experiences, and exchange information.

  • Content Creation: Social networks have empowered individuals to become content creators, sharing their perspectives, creativity, and talents through photos, videos, blogs, and other forms of digital content.

  • News and Information Sharing: Social media platforms are popular sources of news and information for many Vietnamese people. Users rely on these platforms to access breaking news, opinions, and updates on various topics.

  • Cultural and Social Trends: Social networks play a significant role in shaping cultural trends, fashion, lifestyle choices, and entertainment preferences among the younger generation.

  • Online Challenges and Issues: While social networks offer numerous benefits, they also present challenges such as privacy concerns, misinformation, cyberbullying, and digital addiction. Authorities and platform providers work to address these issues through regulations and awareness campaigns.

  • Language and Localization: The majority of content on Vietnamese social media platforms is in the local language, reflecting the importance of language and cultural nuances in online interactions.

  • Government Regulation: The Vietnamese government monitors and regulates online content, leading to occasional restrictions and censorship of certain topics and platforms deemed sensitive or violating local laws.

Overall, social networks have transformed how Vietnamese people connect, communicate, and engage with each other and the wider world. The rapid growth and evolving nature of social media continue to shape the digital landscape and social dynamics in Vietnam.

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RELIGION

Religion in Vietnam is a complex and diverse aspect of the country's cultural and social fabric. A blend of indigenous beliefs and the influence of major world religions has shaped the religious landscape of Vietnam.

Key aspects of religion in Vietnam include:

  • Religious Diversity: Vietnam is home to a variety of religious traditions, including Buddhism, Confucianism, Taoism, Christianity, Islam, and indigenous folk beliefs. These traditions coexist and interact, contributing to the country's religious diversity.

  • Buddhism: Buddhism holds a significant place in Vietnamese society, with a long history of influence. Mahayana Buddhism, in particular, is widely practiced, and numerous pagodas and temples can be found throughout the country.

  • Folk Beliefs: Traditional indigenous beliefs and ancestor worship are deeply rooted in Vietnamese culture. Many people blend these beliefs with other religious practices, reflecting a syncretic approach to spirituality.

  • Confucianism and Taoism: Confucianism and Taoism have also played a role in shaping Vietnamese values and ethics. These philosophies have influenced aspects of education, governance, and cultural norms.

  • Christianity: Christianity, particularly Roman Catholicism, was introduced to Vietnam during the colonial period. It has gained a significant following, especially in urban areas, and has contributed to the religious diversity of the country.

  • Islam: Islam is practiced by a minority of the population, primarily among the Cham ethnic group in central Vietnam. The Cham community has preserved its Islamic heritage and cultural identity over centuries.

  • Religious Festivals: Vietnam celebrates a variety of religious festivals and holidays throughout the year. These events often involve ceremonies, processions, and cultural performances, showcasing the rich tapestry of traditions.

  • State and Religion: The Vietnamese government recognizes and guarantees the right to religious freedom, but it also monitors and regulates religious activities to ensure they align with state policies. Religious organizations are required to register with authorities.

  • Cultural Integration: Religion is interwoven with cultural practices, customs, and daily life in Vietnam. Religious rituals, festivals, and traditions often have a significant impact on family and community dynamics.

  • Resilience and Adaptation: Throughout Vietnam's history, religious communities have demonstrated resilience and adaptability in the face of social and political changes. Many have found ways to maintain their beliefs and practices while navigating evolving circumstances.

Overall, religion in Vietnam reflects a rich tapestry of beliefs, practices, and traditions that contribute to the country's cultural heritage and social identity. The coexistence of various religious traditions underscores the harmonious and inclusive nature of Vietnamese society.

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HEALTHCARE

Healthcare in Vietnam has made significant advancements in recent years, improving access to medical services and enhancing overall healthcare outcomes. The country's healthcare system is characterized by a combination of public and private healthcare providers, with efforts focused on expanding coverage, improving infrastructure, and delivering quality medical care to the population.

Key aspects of healthcare in Vietnam include:

  • Universal Healthcare Coverage: Vietnam has made strides in achieving universal healthcare coverage, with the implementation of the Health Insurance Law in 2008. The law aims to ensure that all Vietnamese citizens have access to basic medical services and treatment.

  • Public and Private Healthcare: The healthcare system in Vietnam consists of both public and private healthcare facilities. Public hospitals and clinics are operated by the government and provide essential healthcare services to the population. Private healthcare providers offer a range of medical services and treatments, often with more advanced technology and personalized care.

  • Infrastructure Development: Investments have been made in upgrading and expanding healthcare infrastructure, including the construction of new hospitals, clinics, and medical centers. This has improved the availability and quality of medical facilities across the country.

  • Healthcare Professionals: Vietnam has a growing number of healthcare professionals, including doctors, nurses, and other medical staff. Efforts are being made to improve the training and education of healthcare workers to enhance their skills and provide better patient care.

  • Medical Tourism: Vietnam has emerged as a popular destination for medical tourism, attracting international patients seeking quality medical treatments at a more affordable cost compared to other countries.

  • Traditional Medicine: Traditional Vietnamese medicine, including herbal remedies and acupuncture, remains an integral part of healthcare practices. Many Vietnamese people continue to rely on traditional treatments alongside modern medical interventions.

  • Health Challenges: Despite progress, Vietnam faces health challenges such as infectious diseases, chronic conditions, and inadequate access to specialized healthcare in rural areas. Efforts are ongoing to address these issues through preventive measures, public health campaigns, and improved healthcare infrastructure.

  • Telemedicine and Technology: The adoption of telemedicine and digital healthcare solutions is on the rise, especially in urban areas. Telemedicine allows patients to consult with healthcare professionals remotely, improving access to medical advice and reducing the need for physical visits.

  • Health Insurance: The Health Insurance Law has played a crucial role in expanding health insurance coverage and reducing the financial burden of medical expenses on individuals and families.

  • Government Initiatives: The Vietnamese government continues to prioritize healthcare improvement through policies, funding, and initiatives aimed at enhancing healthcare delivery, research, and medical education.

Overall, healthcare in Vietnam has made significant strides, with efforts focused on achieving universal coverage, upgrading infrastructure, and providing accessible and quality medical services to its population. The country's commitment to improving healthcare outcomes positions it as a key player in the region's healthcare landscape.

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CLIMATE

Vietnam's climate is diverse and influenced by its geographical location, resulting in distinct climatic zones throughout the country. The climate in Vietnam varies from tropical in the south to temperate in the north, and its weather patterns are influenced by the monsoon seasons.

Key aspects of the climate in Vietnam include:

  • Monsoon Seasons: Vietnam experiences two main monsoon seasons—the wet season (from May to October) and the dry season (from November to April). These seasons bring significant variations in rainfall, temperature, and humidity.

  • Northern Vietnam: The north has a temperate climate with four distinct seasons—spring, summer, autumn, and winter. Winters (December to February) can be relatively cool, with temperatures dropping in mountainous areas. Summers (June to August) are warmer and experience heavier rainfall.

  • Central Vietnam: The central region experiences a transition zone between the north and south, with a mix of both monsoon patterns. It is prone to typhoons and heavy rainfall during the wet season, particularly from September to December.

  • Southern Vietnam: The south has a tropical climate with relatively consistent temperatures year-round. It experiences a wet season (May to October) and a dry season (November to April). The dry season is characterized by high temperatures and humidity.

  • Temperature Variations: Temperatures in Vietnam can vary significantly between regions and seasons. Coastal areas generally have more stable temperatures, while mountainous areas experience cooler temperatures, especially at higher altitudes.

  • Typhoon and Flood Risk: Vietnam is susceptible to tropical storms and typhoons, especially during the wet season. Coastal areas are prone to flooding and heavy rainfall during typhoon events.

  • Agriculture and Climate: Vietnam's climate plays a crucial role in its agriculture sector, with rice being a staple crop. The wet and dry seasons dictate planting and harvesting schedules.

  • Climate Change Impact: Vietnam is experiencing the effects of climate change, including rising sea levels, changing rainfall patterns, and increased temperatures. These changes can impact agriculture, infrastructure, and coastal communities.

  • Tourism Seasons: Tourism in Vietnam is influenced by the climate, with peak tourist seasons typically coinciding with the dry season. Popular destinations like Hanoi, Ho Chi Minh City, and Ha Long Bay attract visitors during this time.

  • Local Variations: Within each climatic zone, there can be local variations in weather and climate due to topography and proximity to water bodies.

 

Overall, Vietnam's climate is characterized by its diversity, with varying weather patterns and temperature ranges across different regions. The country's climate plays a significant role in shaping its natural environment, agriculture, tourism, and daily life for its inhabitants.

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EDUCATION

Education in Vietnam has undergone significant improvements and reforms in recent years, contributing to increased literacy rates, educational attainment, and access to quality learning opportunities. The Vietnamese government places a strong emphasis on education as a means to drive economic development and enhance the country's human capital.

Key aspects of education in Vietnam include:

  • Education System: Vietnam's education system is divided into several levels, including preschool, primary, secondary, and tertiary education. The system aims to provide a comprehensive and well-rounded education for students.

  • Literacy and Enrollment: Vietnam has achieved high levels of literacy, with nearly universal enrollment in primary education. The country has made progress in improving access to education, especially in rural and remote areas.

  • Curriculum and Reforms: The Vietnamese government has implemented curriculum reforms to align education with modern needs and global standards. Efforts have been made to promote critical thinking, creativity, and practical skills in addition to traditional subjects.

  • Tertiary Education: Vietnam has a growing number of universities and colleges offering a wide range of disciplines. Tertiary education is becoming increasingly popular, with a focus on developing skilled professionals in various fields.

  • Language of Instruction: Vietnamese is the primary language of instruction in schools and universities. English is also taught as a second language, and there is a growing emphasis on English proficiency to enhance global communication and job opportunities.

  • Examination System: The education system in Vietnam places significant emphasis on high-stakes national examinations, especially the high school graduation and university entrance exams. These exams have a significant impact on students' academic and career paths.

  • Science and Technology: Vietnam is making efforts to promote science, technology, engineering, and mathematics (STEM) education to meet the demands of a rapidly changing technological landscape.

  • Private Education: Alongside public schools, there is a growing number of private schools and international schools offering alternative educational approaches and curricula.

  • Educational Challenges: Despite improvements, challenges remain, including disparities in education quality between urban and rural areas, overcrowded classrooms, and the need for ongoing teacher training and professional development.

  • International Collaboration: Vietnam actively collaborates with international organizations and foreign institutions to exchange educational best practices, enhance research capabilities, and provide students with exposure to global educational opportunities.

 

Overall, education in Vietnam is a cornerstone of the country's development efforts, contributing to social mobility, economic growth, and the creation of a skilled workforce. The Vietnamese government's commitment to education, coupled with ongoing reforms and investments, underscores the importance of education in shaping the country's future.

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POLITICS

Politics in Vietnam is characterized by a single-party socialist republic system, where the Communist Party of Vietnam (CPV) holds a dominant role in governing the country. The political landscape reflects a blend of traditional Vietnamese values, historical influences, and a commitment to economic development.

Key aspects of politics in Vietnam include:

  • Communist Party of Vietnam (CPV): The CPV is the sole ruling party and plays a central role in shaping the country's political direction, policies, and governance. It operates under a Marxist-Leninist framework and holds a monopoly on political power.

  • State Organs: Vietnam's political structure includes the National Assembly (parliament), the President, the Prime Minister, and the Council of Ministers. These institutions collectively make decisions on policy, legislation, and governance.

  • Social and Economic Reforms: Since the 1980s, Vietnam has pursued a path of economic reforms known as "Đổi Mới" (Renovation), transitioning from a centrally planned economy to a socialist-oriented market economy. These reforms have led to rapid economic growth and development.

  • Political Stability: The CPV's strong grip on political power has contributed to a stable political environment. Despite limited political pluralism, the government has maintained social stability and facilitated economic progress.

  • Role of the Military: The Vietnam People's Army (VPA) is a significant political and social force in the country. It plays a role in both national defense and socioeconomic development and has a presence in various sectors.

  • International Relations: Vietnam has pursued an active foreign policy, seeking to balance relations with major powers while maintaining sovereignty. The country is a member of international organizations such as ASEAN, the United Nations, and the World Trade Organization.

  • Media and Freedom of Expression: The government exercises strict control over media outlets and public discourse, and freedom of expression is limited. Independent journalism and criticism of the government are subject to restrictions.

  • Economic Development and Industrialization: The Vietnamese government emphasizes economic growth and industrialization as key priorities, aiming to improve living standards and elevate the country's global economic position.

  • Party Congresses: The CPV holds National Party Congresses every five years to set political, economic, and social goals and elect the party leadership. These congresses play a significant role in shaping Vietnam's political direction.

  • Ongoing Reforms: While Vietnam's political system remains dominated by the CPV, there are discussions and initiatives within the party to address issues of governance, corruption, and public accountability, reflecting efforts to adapt to changing societal expectations.

 

Overall, politics in Vietnam is characterized by a single-party system focused on economic development and maintaining political stability. The CPV's central role and ongoing efforts to balance socialist principles with economic progress continue to shape the country's political landscape.

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TOURISM

The economy of tourism in Vietnam in 2023 continues to be a significant contributor to the country's overall economic growth and development. Vietnam's diverse landscapes, rich cultural heritage, and vibrant cities attract a growing number of domestic and international tourists, generating revenue, creating jobs, and promoting cultural exchange.

Key aspects of the tourism economy in Vietnam in 2023 include:

  • Tourism Growth: Despite challenges posed by global events, Vietnam's tourism industry maintains a positive growth trajectory in 2023. The country's reputation as a safe and appealing destination, along with efforts to enhance infrastructure and promote sustainable tourism, contribute to its attractiveness.

  • International Arrivals: Vietnam continues to attract a steady influx of international tourists, with popular destinations including Hanoi, Ho Chi Minh City, Ha Long Bay, Hoi An, and Da Nang. Tourists are drawn to the country's cultural landmarks, natural beauty, and unique experiences.

  • Domestic Tourism: Domestic travel remains robust, with Vietnamese citizens exploring their own country and contributing to the tourism economy. This trend has been particularly significant due to international travel restrictions caused by global events.

  • Cultural and Heritage Tourism: Vietnam's rich history, ancient temples, UNESCO World Heritage Sites, and traditional festivals attract tourists interested in cultural and heritage experiences. These activities promote local traditions and stimulate local economies.

  • Beach and Nature Tourism: Vietnam's coastline, islands, and national parks offer opportunities for beach vacations, water sports, and eco-tourism. Locations such as Phu Quoc, Nha Trang, and Con Dao are popular destinations for sun-seekers and nature enthusiasts.

  • Culinary and Food Tourism: Vietnamese cuisine is celebrated globally for its diversity, flavors, and authenticity. Culinary tourism allows visitors to explore local markets, street food, and traditional dishes, contributing to the economy and cultural exchange.

  • Hospitality Industry: The growth of tourism has led to an expansion of the hospitality sector, with new hotels, resorts, and accommodations catering to various traveler preferences and budgets.

  • Sustainable Tourism: Vietnam is increasingly focusing on sustainable tourism practices to preserve its natural and cultural assets. Initiatives promoting responsible tourism and environmental conservation are gaining traction.

  • Employment and Job Creation: Tourism provides employment opportunities across various sectors, including hospitality, transportation, food services, and retail, contributing to economic growth and reducing unemployment rates.

  • Challenges and Resilience: The tourism industry faces challenges such as infrastructure limitations, overcrowding in popular destinations, and the need for ongoing investment. The sector has shown resilience in adapting to changing circumstances and diversifying offerings.

 

Overall, the economy of tourism in Vietnam in 2023 remains a vital contributor to the country's economic well-being. Efforts to enhance infrastructure, promote sustainable practices, and provide memorable experiences for tourists contribute to the growth and development of Vietnam's tourism sector.

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NIGHT LIFE

Nightlife in Vietnam offers a vibrant and diverse array of entertainment and social activities that cater to a wide range of interests and preferences. From bustling cities to coastal towns, Vietnam's nightlife scene comes alive after sunset, providing locals and visitors with opportunities for relaxation, enjoyment, and cultural experiences.

Key aspects of nightlife in Vietnam include:

  • Urban Centers: Cities like Hanoi, Ho Chi Minh City (Saigon), Da Nang, and Hoi An offer bustling nightlife scenes with numerous options for entertainment. Vibrant night markets, street food stalls, bars, clubs, and live music venues contribute to a lively atmosphere.

  • Night Markets: Night markets are popular destinations where visitors can explore local crafts, souvenirs, clothing, and enjoy a variety of street food options. The bustling atmosphere and lively ambiance make them a favorite among both tourists and locals.

  • Street Food Culture: Vietnamese street food comes alive at night, offering a wide array of flavors and delicacies. Nighttime is an ideal opportunity to savor traditional dishes and regional specialties, such as pho, banh mi, and various noodle dishes.

  • Bars and Pubs: Vietnam's cities are dotted with bars and pubs, each with its unique atmosphere and offerings. From stylish rooftop bars with panoramic views to casual local pubs, there's a diverse range of options for socializing and enjoying beverages.

  • Live Music and Performances: Many venues host live music performances, showcasing local talent and international acts. Jazz clubs, acoustic bars, and music festivals contribute to a thriving live music scene.

  • Traditional Entertainment: Nightlife in Vietnam often includes traditional cultural performances such as water puppetry, traditional music shows, and folk dance performances. These offer insights into the country's rich heritage and cultural traditions.

  • Beachside Vibes: Coastal destinations like Nha Trang, Phu Quoc, and Da Nang offer beachfront bars and clubs, allowing visitors to unwind by the sea while enjoying music and drinks.

  • Dance Clubs and DJ Sets: Major cities feature dance clubs and venues with lively DJ sets, catering to those seeking a lively and energetic nightlife experience.

  • Cultural Events: Special cultural events and festivals often extend into the evening hours, offering unique opportunities to witness traditional rituals, lantern festivals, and other cultural celebrations.

  • Safety and Security: While Vietnam's nightlife scene is generally safe, visitors are advised to exercise caution and adhere to local customs and regulations, especially when consuming alcohol.

Overall, nightlife in Vietnam offers a dynamic blend of modern entertainment, traditional experiences, and cultural immersion. Whether exploring bustling night markets, dancing the night away, or enjoying a peaceful stroll by the beach, Vietnam's nightlife presents an exciting and memorable way to experience the country's vibrant culture and hospitality.

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WHAT SOME POEPLE DON'T LIKE ABOUT VIETNAM

While many foreigners find Vietnam to be a captivating and culturally rich destination, there are a few common aspects that some travelers may find challenging or less enjoyable. These opinions can vary from person to person, but some factors that foreigners may generally not like in Vietnam include:

  • Traffic and Congestion: The chaotic traffic, crowded streets, and lack of adherence to traffic rules in some areas can be overwhelming and frustrating for foreigners.

  • Noise and Pollution: Busy urban centers and bustling markets can be noisy, and air pollution levels, especially in larger cities, may be a concern for some visitors.

  • Language Barrier: Communication can be challenging, as English may not be widely spoken, particularly in rural areas. This can make interactions and getting around more difficult for some foreigners.

  • Street Hassle: Foreign tourists may encounter persistent street vendors, touts, and scams, which can be tiring and potentially off-putting.

  • Hygiene Standards: In certain areas, hygiene standards may not meet the expectations of some travelers, particularly when it comes to public restrooms and street food stalls.

  • Cultural Misunderstandings: Differences in customs, traditions, and social norms may lead to misunderstandings or discomfort for some foreigners.

  • Climate and Humidity: The hot and humid climate in some parts of Vietnam, especially during the wet season, may be challenging for those not accustomed to such conditions.

  • Infrastructure Limitations: Despite improvements, some areas may still have limited or outdated infrastructure, affecting services and facilities.

  • Lack of Western Amenities: Remote or less touristy areas may have limited access to Western amenities, familiar foods, or international brands.

  • Scenic Overcrowding: Popular tourist destinations can become overcrowded, detracting from the serenity and natural beauty that some travelers seek.

 

It's important to note that these observations may not apply to all foreigners, and many travelers find the challenges to be part of the authentic and rewarding experience of exploring Vietnam. While there may be aspects that some individuals don't like, they often pale in comparison to the rich cultural encounters, stunning landscapes, and unique experiences that Vietnam has to offer.

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Calendrier

DAYS OFF LIST IN VIETNAM

January 1 - New Year's Day
January or February (varies) - Vietnamese New Year (Tet)
10th day of the third lunar month (March or April) - Hung Kings' Commemoration Day
April 30 - Reunification Day (Liberation Day)
May 1 - International Labor Day
May 7 - Dien Bien Phu Victory Day
May 19 - President Ho Chi Minh's Birthday
June 1 - International Children's Day
September 2 - National Day
September 2 - Vietnamese National Women's Day
15th day of the eighth lunar month (September or October, not an official day off) - Mid-Autumn Festival
December 22 - National Defense Day
December 25 - Christmas Day (primarily celebrated by Christians)


Please note that some holidays, such as Vietnamese New Year (Tet) and the Mid-Autumn Festival, are based on the lunar calendar and their exact dates vary each year. Additionally, there may be regional or local holidays specific to certain areas of the country. It's recommended to check the specific dates for each year and any additional holidays that may apply.

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