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GDP per capita development in Vietnam. The economy of Vietnam is a developing mixed socialist-oriented market economy. [3] It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living.
In the first quarter of 2024, Vietnam’s economy expanded 5.7% year on year. While that was faster than the 3.4% growth reported the previous quarter, it was still a lower-than-expected result ...
The Southern Shrimp Alliance of U.S. shrimp fishermen and processors said it opposed the grant of market economy status because of Vietnam's bars on land ownership, its weak labor laws and lower ...
The U.S. is to decide by July 26 on whether to elevate Vietnam to market-economy status, which would reduce punitive anti-dumping duties set on Vietnamese imports given its current status as a non ...
Nominal GDP IMF 2024 [1]; World rank Country GDP (US$ millions) GDP per capita (nominal) 1 16 Indonesia: 1,475,690 5,509 2 26 Thailand: 548,890 7,557 3 31 Singapore
The July 13, 2000, signing of the Bilateral Trade Agreement (BTA) between the United States and Vietnam was a significant milestone for Vietnam's economy. [16] The BTA provided for Normal Trade Relations (NTR) status of Vietnamese goods in the U.S. market.
The U.S. government has approved annual appropriations with the amount of $4–5 million to support Vietnam’s economic reforms. [2] U.S. - Vietnam Trade and Investment Framework and Agreement (TIFA): Vietnam’s accession to WTO as the 150th member accelerated the process of addressing economic and legal reform issues in the U.S.-Vietnam ...
GDP (millions of current international dollar) by country ; Country Percent [1] [2] [3] Nominal PPP Year A [n 1] I [n 2] S [n 3] Agricultural Industrial Services Agricultural Industrial ...