Buzz
1. The 'Golden Population' Structure
According to a United Nations survey, Vietnam is currently in the 'golden population' phase from 2010 to 2040. The National Population and Family Planning Department reports that this population structure, characterized by steady growth, provides an opportunity to improve public health—particularly reproductive health for young people and adolescents. It also offers a large labor force to drive economic growth. As of 12:00 AM on April 1, 2009, Vietnam had 43.8 million people of working age, making up 51.1% of the population. Of these, 11.9 million were urban residents (27%) and 31.9 million were from rural areas (73%). Women represented 46.6% of the workforce. This 'golden population' structure helps accumulate resources to invest in social welfare, healthcare, education, and future employment. A plentiful labor force, known for its strong work ethic, adaptability, and quick learning, is also a key factor attracting international investors to Vietnam. Additionally, Vietnam's low labor costs make it one of the most attractive environments for major global businesses.
2. Economic Reforms and Policies Aligned with Growth
The government has implemented measures to stabilize finance and currency, combat inflation, and prevent currency depreciation. Market-based mechanisms have been introduced in pricing, exchange rates, and interest rates, with the abolition of state-controlled pricing. Now, most goods and services are priced by the market, with only a few such as electricity, water, and postal services still controlled. Trade liberalization has been pursued, and the state monopoly has been replaced with a multi-sector economy. These reforms create a competitive, dynamic economy that effectively mobilizes social resources for economic growth. External economic relations have become more open, attracting increasing foreign direct investment (FDI) — from 14.3 billion USD in 2011 to 23.7 billion USD in 2015. The scope for export markets has expanded, and new significant sources of foreign exchange have developed, such as tourism, labor exports, and remittances.
3. Favorable Geographical Location
Located at the crossroads of major international maritime and air routes, Vietnam is well-positioned to connect with neighboring countries with dynamic economies such as China, Laos, Thailand, and Cambodia. This strategic location also provides favorable opportunities for economic interactions with other countries worldwide.
This advantageous geographical position plays a crucial role in developing various economic sectors, regional territories, and implementing an open-door policy, fostering integration with countries across the globe and attracting foreign investment.
4. Abundant Natural Resources
Vietnam covers an area of about 331,211 km², with a coastline stretching over 3,260 km. The country has diverse geology, terrain, and natural resources. Its mineral resources are relatively rich in variety, with some resources having large reserves and potential for industrial development, such as oil, gas, bauxite, titanium, coal, and rare earths. Vietnam also has significant renewable energy potential, especially in wind, solar, geothermal, and biomass energy. The varied landscape across different latitudes creates diverse ecosystems, rich in flora and fauna. With an exclusive economic zone covering over 1 million km² of sea, Vietnam is truly a maritime nation, endowed with a variety of resources, particularly abundant marine life, with great potential for transportation, seaport development, and tourism.
5. A Unified Nation
Vietnam is a country of 54 ethnic groups, each with its own language and traditional culture. However, there is no ethnic division, forced assimilation, or oppression of minority groups in our country. Despite our cultural diversity, unity remains a core value. Today, as Vietnam steps onto the global stage and integrates internationally, the various ethnic communities are working together harmoniously, united by a shared love for the nation. This solidarity is driving efforts to build a prosperous, unified, and civilized Vietnam—where the people are wealthy, the nation is strong, and society is advanced.
