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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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