| Population |
90,549,390 (July 2011 est..) |
| Gross Domestic Product (GDP) |
$276.6 billion (2010 est.) |
| GDP Per Capita |
$3,100 (2010 est.) |
| Inflation Rate |
9% (2010 est.) |
| Currency |
dong (VND) |
| Exchange Rate Versus U.S. Dollar |
19,148.9 (2010) dong (VND) per US dollar - |
| Language |
Vietnamese (official), English (increasingly favored as a second language), some French, Chinese, and Khmer, mountain area languages (Mon-Khmer and Malayo-Polynesian) |
| Capital |
HANOI |
| Population of Capital City |
2.668 million |
| Time Zone |
UTC/GMT +7 hours |
| Seasons |
tropical in south; monsoonal in north with hot, rainy season (May to September) and warm, dry season (October to March) |
| International Dialing Code |
84 |
| Electricity |
120/220V- 50Hz |
| System of Government |
Communist state |
| Name and Party Affiliation of Current Leader |
chief of state: President Trong Tan SANG (since 25 June 2011); Vice President Nguyen Thi DOAN (25 July 2007) |
| Income Tax Rate for Residents |
5%-35% |
| Property Tax |
The municipal authorities levy tax on real estate |
| Capital Gains Tax |
0.1% on the gross sale or 20% of net profit. |
| Inheritance Tax |
Inheritances and gifts are subject to income tax at special rates. |
| Rental Income Tax |
Nonresidents are liable to pay tax on their Vietnamese-sourcedincome at a flat rate of 20% |
| Transfer Tax |
0.5 to 15%. Apply on the transfer of properties |
| Sales Tax |
rates are 0%, 5% and 10% |
| Restrictions on Foreign Ownership of Property |
Foreigners are not allowed to own land |
| Local Chamber of Commerce |
http://www.ito.org.tr/wps/portal |
| American Chamber of Commerce |
http://www.amchamvietnam.com/ |
| Primary Exports |
|
| Residency and Visa Requirements |
Foreign nationals who wish to visit the country can apply directly at the Vietnam Embassy or Consulates located in their countries of residence. The entire application process will take about 4 to 10 days. Visitors may also obtain the visa upon arrival at the airport with certain special requirements. |
| Special Benefits for Foreign Residents or Retirees |
Foreigners who are residents in Vietnam can own dwelling houses but cannot sub-lease these dwellings |
| National Airline |
www.vietnamairlines.com |
