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Vietnam Facts & Figures

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Facts And Figures

Population 

93,421,835 (July 2014 est.)

Gross Domestic  Product PPP (GDP)

US$358.9 billion (2013 est.)

GDP Per Capita

US$4,000 (2013 est.)

Inflation Rate

6.8% (2013 est.)

Currency

Vietnamese dong (VND)

Exchange Rate Versus U.S. Dollar 

21,331 dongs per U.S. dollar (Feb. 10, 2015)

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

7.1 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 Trong Tan Sang (since June 25, 2011)

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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