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| Vietnam Practical Info |
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 Government
Country name:
conventional long form: Socialist Republic of Vietnam
conventional short form: Vietnam
local long form: Cong Hoa Chu Nghia Viet Nam
local short form: Viet Nam
abbreviation: SRV
Data code: VM
Government type: Communist state
Capital: Hanoi
Independence: 2 September 1945 (from France)
Legal system: based on communist legal theory and French civil law system
Suffrage: 18 years of age; universal
Diplomatic representation in the US:
chief of mission: Ambassador LE VAN BANG
chancery: 1233 20th Street NW, Washington, DC 20036, Suite 400
telephone: [1] (202) 861-0737
FAX: [1] (202) 861-0917
consulate(s) general: San Francisco
Diplomatic representation from the US:
chief of mission: Ambassador Douglas B. "Pete" PETERSON
embassy: 7 Lang Ha Road, Ba Dinh District, Hanoi
mailing address: PSC 461, Box 400, FPO AP 96521-0002
telephone: [84] (4) 8431500
FAX: [84] (4) 8350484
consulate(s) general: Ho Chi Minh City
Economy
Economy - overview: Vietnam is a poor, densely populated country that has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally planned economy. Substantial progress was achieved from 1986 to 1996 in moving forward from an extremely low starting point - growth averaged around 9% per year from 1993 to 1997. The 1997 Asian financial crisis highlighted the problems existing in the Vietnamese economy but, rather than prompting reform, reaffirmed the government's belief that shifting to a market oriented economy leads to disaster. GDP growth of 8.5% in 1997 fell to 4% in 1998 and rose slightly to an estimated 4.8% in 1999. These numbers masked some major difficulties that are emerging in economic performance. Many domestic industries, including coal, cement, steel, and paper, have reported large stockpiles of inventory and tough competition from more efficient foreign producers. Foreign direct investment has fallen dramatically, from $8.3 billion in 1996 to about $1.6 billion in 1999. Meanwhile, Vietnamese authorities have slowed implementation of the structural reforms needed to revitalize the economy and produce more competitive, export-driven industries. Privatization of state enterprises remains bogged down in political controversy, while the country's dynamic private sector is denied both financing and access to markets. Reform of the banking sector - considered one of the riskiest in the world - is proceeding slowly, raising concerns that the country will be unable to tap sufficient domestic savings to finance growth. Administrative and legal barriers are also causing costly delays for foreign investors and are raising similar doubts about Vietnam's ability to attract additional foreign capital.
Inflation rate (consumer prices): 4% (1999 est.)
Industries: food processing, garments, shoes, machine building, mining, cement, chemical fertilizer, glass, tires, oil, coal, steel, paper
Agriculture - products: paddy rice, corn, potatoes, rubber, soybeans, coffee, tea, bananas; poultry, pigs; fish
Currency: 1 new dong (D) = 100 xu
Communications
Telephones - main lines in use: 775,000 (1995)
Telephones - mobile cellular: 178,000 (1998)
Telephone system: while Vietnam's telecommunication sector lags far behind other countries in Southeast Asia, Hanoi has made considerable progress since 1991 in upgrading the system; Vietnam has digitalized all provincial switch boards, while fiber-optic and microwave transmission systems have been extended from Hanoi, Da Nang, and Ho Chi Minh City to all provinces; the density of telephone receivers nationwide doubled from 1993 to 1995, but is still far behind other countries in the region
domestic: NA
international: satellite earth stations - 2 Intersputnik (Indian Ocean region)
Radio broadcast stations: AM 65, FM 7, shortwave 29 (1999)
Radios: 8.2 million (1997)
Television broadcast stations: at least 7 (plus 13 repeaters) (1998)
Televisions: 3.57 million (1997)
Internet Service Providers (ISPs): 5 (1999)
Transportation
Railways:
total: 2,652 km
standard gauge: 166 km 1.435-m gauge
narrow gauge: 2,249 km 1.000-m gauge
dual gauge: 237 km NA-m gauges (three rails) (1998)
Highways:
total: 93,300 km
paved: 23,418 km
unpaved: 69,882 km (1996 est.)
Waterways: 17,702 km navigable; more than 5,149 km navigable at all times by vessels up to 1.8 m draft
Pipelines: petroleum products 150 km
Ports and harbors: Cam Ranh, Da Nang, Haiphong, Ho Chi Minh City, Hong Gai, Qui Nhon, Nha Trang
Merchant marine:
total: 133 ships (1,000 GRT or over) totaling 616,115 GRT/941,611 DWT
ships by type: bulk 7, cargo 103, chemical tanker 1, combination bulk 1, container 1, liquified gas 1, petroleum tanker 15, refrigerated cargo 4 (1999 est.)
Airports: 48 (1999 est.)
Airports - with paved runways:
total: 36
over 3,047 m: 8
2,438 to 3,047 m: 3
1,524 to 2,437 m: 5
914 to 1,523 m: 13
under 914 m: 7 (1994 est.)
Airports - with unpaved runways:
total: 12
1,524 to 2,437 m: 2
914 to 1,523 m: 5
under 914 m: 5 (1994 est.) |
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