Vietnam country sheet

DEMOGRAPHY

As of 2023, Vietnam's demography is characterized by a young and growing population, urbanization, and changing demographic trends influenced by economic development and social shifts.

Key aspects of demography in Vietnam in 2023 include:

Population Growth:

Vietnam has a population of approximately 100 million people, making it one of the most populous countries in Southeast Asia. The population has been steadily growing due to a relatively high birth rate and improved healthcare, contributing to a youthful demographic profile.

Youthful Population:

A significant portion of Vietnam's population consists of young people. The median age is relatively low, with a large percentage of the population falling within the working-age group. This demographic structure presents both opportunities and challenges for the country's labor force and economic development.

Urbanization:

Urbanization continues to shape Vietnam's demographic landscape, with a growing number of people moving from rural to urban areas in search of better opportunities. Major cities like Ho Chi Minh City and Hanoi have experienced rapid urban growth, leading to changes in lifestyle, infrastructure, and social dynamics.

Changing Family Patterns:

Social changes and economic growth have contributed to evolving family patterns. While traditional values of family cohesion remain strong, modernization has led to smaller family sizes and changing roles within households.

Education and Healthcare:

Improvements in education and healthcare have resulted in increased life expectancy and reduced infant mortality rates. This has contributed to a growing and healthier population.

Migration:

Internal migration within the country and international migration for work opportunities have influenced demographic patterns. People from rural areas often seek work in urban centers or other countries, impacting population distribution and contributing to urbanization.

Fertility Rate and Family Planning:

The government has implemented family planning policies to manage population growth. Although fertility rates have declined over the years, efforts to promote family planning and reproductive health continue to influence demographic trends.

Aging Population:

While Vietnam's population is still relatively young, the country is experiencing the beginning of an aging population trend. As life expectancy increases and fertility rates decline, the proportion of elderly citizens is expected to rise in the coming decades, posing challenges for healthcare and social support systems.

Overall, Vietnam's demography in 2023 reflects a dynamic interplay of youth, urbanization, economic development, and changing social norms. These demographic trends will have significant implications for the country's future workforce, social policies, and overall development trajectory.

STOCK EXCHANGE

The stock exchange in Vietnam, known as the Ho Chi Minh City Stock Exchange (HOSE), is a key player in the country's financial market. It serves as a platform for companies to raise capital by listing their shares and provides investors with opportunities to trade securities. The stock market has shown consistent growth over the years, attracting domestic and foreign investors. Government initiatives, regulatory reforms, and improved transparency have contributed to its development, making it an essential component of Vietnam's evolving financial landscape.

Some companies of the HOSE:

• Vietcombank (VCB) - Vietnam Joint Stock Commercial Bank for Foreign Trade

• Vinhomes (VHM) - Real estate development and management

• VietinBank (CTG) - Vietnam Joint Stock Commercial Bank for Industry and Trade

• Techcombank (TCB) - Vietnam Technological and Commercial Joint Stock Bank

• Vingroup (VIC) - Conglomerate with interests in real estate, retail, and entertainment

• BIDV (BID) - Bank for Investment and Development of Vietnam

• Vietjet Air (VJC) - Low-cost airline company

• PetroVietnam Gas (GAS) - Oil and gas exploration, production, and distribution

• FPT Corporation (FPT) - Information technology services and software development

• MWG (Mobile World Group) - Retailer of consumer electronics and mobile devices

INTERNAL ECONOMY

IMPORT / EXPORT / GDP