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Top Destinations:
Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.Best For:
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Vietnam Facts & Figures
Vietnam Facts & Figures
| Information Type | Vietnam Data |
|---|---|
| Population | 98,858,950 (June 2023 est.) |
| Gross Domestic Product (GDP) | US$430 billion (2023 est.) |
| GDP Per Capita | US$4,284 (2023 est.) |
| Inflation Rate | 3.35% (2023 est.) |
| Currency | Vietnamese dong (VND) |
| Exchange Rate Versus U.S. Dollar | 24,390 dongs per U.S. dollar (Feb. 2023) |
| 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 | 9.3 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 | |
| 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 | Vietnam Airlines |
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