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Vietnam Facts & Figures

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Facts And Figures

Information Type Vietnam Data

Population 

97,338,579 (June 2020 est.)

Gross Domestic Product (GDP)

US$261.637 billion (2019 est.)

GDP Per Capita

US$2,740 (2019 est.)

Inflation Rate

3.2% (2020 est.)

Currency

Vietnamese dong (VND)

Exchange Rate Versus U.S. Dollar 

23,133 dongs per U.S. dollar (June 2020)

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

8.054 million (municipality area)

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

Single-party state

Current Leader

President Nguyễn Phú Trọng (since October 2018)

Income Tax Rate for Residents

5% to 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-sourced income at a flat rate of 20%

Transfer Tax

0.1 to 10%. 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 Chambers of Commerce

N/A

American Chamber of Commerce

http://www.amchamvietnam.com/

Primary Exports

Clothes, shoes, electronics, seafood, crude oil, rice, coffee, wooden products, machinery

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

http://www.vietnamairlines.com/

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Get Your Free​ ​Overseas Information Report Today!
 

​Learn more about ​​​​​VIETNAM ​​​and other countries in our free, daily Overseas Opportunity Letter​​​​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​The 10 Best Places To Retire In 2020