GeneralVNEconStats19may06 by blue123

VIEWS: 2 PAGES: 3

									19 May 2006




                            Vietnam: Economic Statistics
Growth

                                 GDP: Vietnam (1999 to 2005)
                                  1999     2000    2001    2002     2003    2004     2005
          GDP (US$ billions)a     na       31.2    32.7    35.2     39.7    45.2     51b
          GDP Growth (%)          4.8      6.8     6.9     7.1      7.3     7.7      8.4
          GDP per capita ($)      372      403.6   415.4   440.1    483.1   547.7    610b
          Source: CEIC, a World Bank Data Query and bVietnam Ministry of Trade

Key agricultural products: rice, coffee, rubber, cotton, tea, pepper, soybeans, cashews, sugar cane,
peanuts, bananas; poultry; fish and seafood.1

Key industries: food processing, garments, shoes, machine-building, mining, coal, steel, cement,
chemical fertilizer, glass, tires, oil and paper.2


Trade

                                  Overall Trade: 1999 to 2005
                                  1999     2000    2001    2002     2003    2004     2005E
          Export (% YoY)           23.3     25.5    3.8     11.2      29     33.3     15.0
          Import (% YoY)            2.1     33.2    3.7     21.7     26.7    27.8     14.0
          Trade Balance
                                    -0.2    -1.2    -1.2     -3.0    -5.1    -5.4     -5.9
          (US$ billions)
          Source: CEIC Data Company Ltd and Citigroup estimates




1
    CIA Factbook: Vietnam
2
    Ibid
19 May 2006



                       U.S. – Vietnam Trade Data: 2000-2005 (USD $1,000)
                                                                                                                %
                                                                                                              Change
                    2000           2001           2002         2003          2004              2005
                                                                                                               2004-
                                                                                                               2005
US Exports
                   367,715        460,892        580,154     1,324,441    1,163,447       1,191,757           2.5 %
to Vietnam
US Imports
from               821,658       1,052,626      2,394,746    4,554,859     5,275,810      6,630,149           25.6 %
Vietnam
Total US-VN
                1,189,373        1,513,518      2,974,900    5,879,300    6,439,257       7,821,906           21.5%
Trade
Trade
                   -453,943      -591,734       -1,814,592   -3,230,418   -4,112,363     -5,438,392           32.2%
Balance
Source: TradeStats Express™ – National Trade Data. (Note: In 2003, US exports to Vietnam
include the purchase of several Boeing 777s valued at approximately USD $700 million, aircraft
purchase in 2004 were USD $360 million.3)

Major U.S. exports to Vietnam include: aircraft, mining equipment, electronic machinery, steel
wire, raw cotton and plastics.4

Major U.S. imports from Vietnam include: clothing, footwear, wooden furniture, frozen shrimp,
                                            5
petroleum products, cashew nuts and coffee.

Foreign Direct Investment

                              FDI to Vietnam: 2001-2005 (USD millions)
                                  2001           2002         2003          2004               2005
       FDI                        2,192          1,333        1,513         2,084              3,896
       Implemented
                                  258             169          449          531                 Na
       US related FDI
        Source: CEIC (Total FDI) and MPI (Implemented US related FDI).

Other Statistics

                             Demographic and Other Statistics (1999-2004)
                                        1999       2000       2001        2002         2003            2004
     Population (million)               76.5       77.6       78.7        79.7         80.9            82.5
     Literacy rate (%)                    90         94         95          96           96              96
     Telephones (million)                2.4        2.9        3.8         5.6          8.2             8.8
     Telephones per 100 pp                3.1        3.5        4.2         na           8.5             11
        Source: Vietnam Economic Times




3
  Source: CRS Report on US-Vietnam Relations (4 March 2006).
4
  Source: TradeStats Express™ - National Trade Data, CIA Factbook and CRS Report on US-VN Relations
March 2, 2006.
5
  Garments, footwear and furniture products make up 61.6% of all U.S. imports from Vietnam. Source:
TradeStats Express™ - National Trade Data.
19 May 2006



                                    Labor Force: 1999-2004
                            1999       2000     2001         2002    2003     2004      2005
Unemployment rate (%)a       7.4        6.4      6.3            6     5.8      5.6    5.5 est.
Inflation, GDP deflator
                              na        3.41     1.95        3.94     6.69     7.94       8.4c
(annual %)b
Universities & collegesa     131        178      191         202      214      214         na
Exchange ratee
                           13,927     14,174   14,808   15,270      15,513   15,732   15,855c
(VND/USD)
Source: aVietnam Economic Times, bWorld Bank: Country Profiles, cCIA Factbook and eCEIC

								
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