Vietnam and ASEAN

Located at the eastern edge of mainland Southeast Asia, Vietnam is one of the fastest-growing countries in the world. The capital of the country is Hanoi, while Ho Chi Minh City is the largest city. With a population of over 96 million, it covers an area of 311,700 square kilometres.


Vietnam is served by three main international airports, but there are 20 civil airports in total. Tan Son Nhat is the country's largest airport handling the majority of international passenger traffic.


Vietnam has 20 civil airports, including three international gateways, and by 2025 the government has already planned to build seven more international terminals.


A large part of Vietnam's economy is based on state-owned industries like textiles, food, furniture, plastics, paper, tourism, and telecommunications. Agriculture accounts for 15% of GDP and 38% of employment. Vietnam offers various tax incentives to attract and encourage foreign investment into key sectors that are aligned with development goals.


The GDP was USD 262 billion in 2021, while the GDP per capita amounted to USD 2,700. The total value of Vietnam's international trade amounted to USD 668 billion in 2021, with the exports amounting to USD 336 billion, and the total value of imports to USD 332 billion. The main export destinations were the United States, China and Japan, while the major origins of imports were from China, South Korea, and Japan.


The Association of Southeast Asian Nations (ASEAN) is a political and economic union of ten members, has 667 million people and a territory of 4.5 million Km2; is currently the third largest economy in Asia-Pacific and the fifth largest in the World. The ASEAN Economic Community (AEC) has a combined GDP of USD 3.6 trillion according to estimates for 2022.


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