Vietnam Country Report is an annual report published by VietnamCredit, a leading business information provider and credit rating agency in Vietnam.
Vietnam Country Report 2021 is a comprehensive report based on statistics and forecasts of Vietnam's economic, political, social and technological situation. This report is formed under the PEST analysis method, focusing on four major fields of the macroeconomy; Politics, Economics, Society and Technology. PEST provides both an insightful view into Vietnam’s economy over time, particularly for 2020, and the ability to forecast economic trends in 2021 and into the future.
The Country Report 2021 by VietnamCredit experts is expected to assist policy makers, researchers, investors and large corporations in the decision-making process.
Information in Vietnam Country Report 2021 is extracted from reputable data sources such as General Statistics Office (GSO), General Department of Vietnam Customs, Ministry of Finance, Ministry of Labor - Invalids and Social Affairs, Ministry of Science & Technology, International Monetary Fund (IMF), Asian Development Bank (ADB), World Bank (WB), etc.
The report includes: 125 graphs, tables and infographics together with analysis, comment and synthesis of VietnamCredit expert’s opinions.
It is our great pleasure to present to you this Vietnam Country Report 2021.
1.Political Environment
Image 1.1: Components of Vietnam’s political system
Image 1.2: Structure of Vietnam’s political system
Chart 1.1: Vietnam’s rule of law index 2020
Image 1.3: Global regulatory quality 2020
Table 1.1: Rankings of corruption control in 2019
Table 1.2: Rankings of political instability and threat of violence or terrorism
Image 1.4: Global Soft Power Index of Vietnam and several countries in 2021
Image 1.5: 7 pillars of soft power
Image 1.6: Vietnam Hierarchy of legislation
Table 1.3: Vietnam Hierarchy of legislation
Table 1.4: Key amendments of the laws coming into effect in 2021
Table 1.5: Forms of business in Vietnam
Table 1.6: Procedures, legal bases and costs for establishing an enterprise in Vietnam
Table 1.7: Fee schedule applied to individuals and businesses in Vietnam
Table 1.8: Corporate income tax incentives for foreign investors
Table 1.9: Procedures for suspension, dissolution, bankruptcy, merger and acquisition in Vietnam
02. Economic Environment
Chart 2.1: Increase of Covid-19 confirmed cases and deaths in 2020 in the world
Chart 2.2: Global Covid-19 situation dashboard
Chart 2.3: New weekly Covid-19 cases in 2020
Chart 2.4: Global economic growth, 2010-22
Chart 2.5: Growth of world merchandise trade volume over years, 2016-21
Chart 2.6: Growth of world merchandise trade volume optimistic and pessimistic scenarios (Index, 2011Q1=100)
Chart 2.7: Investment levels over 2020-22
Chart 2.8: Contribution to global GDP of the 20 largest economies in 2020 (at current prices)
Chart 2.9: Vietnam’s daily infections of Covid-19 in 2020
Chart 2.10: Real GDP growth rate of Vietnam compared to the region and the world, 1980-2025
Chart 2.11: Gross domestic product per capita, current prices, 2010-25
Chart 2.12: GDP of ASEAN countries at current prices in 2020
Chart 2.13: GDP per capita of ASEAN countries at current prices in 2020
Chart 2.14: GDP growth rate in the period 2011-2020
Chart 2.15: Vietnam's economic structure over the years, 2016-20
Chart 2.16: Vietnam's average CPI growth rate in 2020
Chart 2.17: Average core inflation (previous year = 100)
Chart 2.18: Vietnam's average inflation rate in 2020 (compared to the same period in 2019)
Chart 2.19: Index of Industrial Production compared to the previous years, 2016-20
Chart 2.20: Index of Industrial Production in 2020 compared with average month in 2015
Chart 2.21: Enterprise registration status every month of 2020
Chart 2.22: Retail sales of goods and services of years 2016-2020 (Trillion dongs)
Table 2.1: Vietnam’s FTAs as of December 2020
Chart 2.23: Import-Export turnover and balance of trade in Vietnam, 2009-2020
Chart 2.24: Total import - export turnover of goods in 2020 (billion USD)
Chart 2.25: Major export markets in 2020 (billion USD)
Chart 2.26: Major export commodity groups in 2020
Chart 2.27: Structure of goods export in 2020 by sector
Chart 2.28: Structure of goods export in 2019 and 2020
Chart 2.29: Items with import turnover of over 10 billion dollars in 2020
Chart 2.30: Major import markets in 2020
Chart 2.31: Structure of services trade in 2020
Chart 3.32: Vietnam's Incremental Capital Output Ratio, 2016-20
Chart 3.33: Growth rate of realized social investment capital, 2016-20 (at current prices)
Chart 3.34: Structure of realized social investment capital, 2016-20
Table 2.2: Vietnam FDI Attraction in 2020
Chart 2.35: Five countries with the largest investment projects in Vietnam in 2020
Chart 2.36: State budget revenue and expenditure in 2020
Chart 2.37: State budget revenue structure in 2020
Chart 2.38: State budget expenditure structure in 2020
Chart 2.39: Public debt, Government debt and National external debt to GDP ratios, 2015-19
Chart 2.40: Central Government Debt, 2015-19
03. Socio-cultural Environment
Chart 3.1: Vietnam's population 2010 - 2020 (Unit: thousand people)
Chart 3.2: Population, population growth, and GDP per capita in Southeast Asia 2020
Chart 3.3: Population structure by gender and age, forecast to 2021
Chart 3.4: Population structure by age group (%)
Chart 3.5: Median age of Vietnamese people
Chart 3.6: Proportion of urban population (% of total population)
Chart 3.7: Total number of Vietnamese people working in foreign countries / the number of countries where they go
Chart 3.8: The number of Vietnamese workers in some countries in 2020
Chart 3.9: Vietnam Net Migration Rate 2015 - 2021 (per 1000 population)
Chart 3.10: Number of marriage cases between Vietnamese citizens and foreigners in some countries in 2018
Chart 3.11: Number of Vietnamese children adopted by foreigners in 2012 - 2018
Chart 3.12: GDP per capita/year (USD)
Chart 3.13: Number of students in the school year 2020-2021 (thousand people)
Chart 3.14: Out-of-school proportion for boys and girls (%)
Chart 3.15: Human Development Index (HDI) of Vietnam 2010 - 2019
Chart 3.16: Labor force in working age by sex
Chart 3.17: Labor force aged 15 and over with diplomas/certificates (%)
Chart 3.18: Labor structure from 15 years old and above divided by economic sectors in 2015 - 2020
Chart 3.19: Unemployment rate (% of total labor)
Table 3.1: Unemployment rate by education level (%)
Chart 3.20: Unemployment rate by sex (%)
Chart 3.21: Final consumption expenditure of household
Chart 3.22: Vietnam's Consumer Confidence Index
Chart 3.23: Major concerns of Vietnamese consumers Q2/2020
Chart 3.24: Number of religion followers in Vietnam (million people)
04. Technological Environment
Diagram 4.1: State administrative system of S&T in Vietnam by level
Table 4.1: Laws S&T related activities
Table 4.2: Policies in support of S&T related activities
Image 4.1: R&D spending by country (in $PPP)
Chart 4.1: Expenditure on R&D by funding source over the years
Chart 4.2: Expenditure on R&D by economic sectors
Chart 4.3: State budget expenditure for S&T estimates over the years, 2010-21
Chart 4.4. R&D human resources by functions
Chart 4.5: Distribution of R&D human resources by economic sectors
Chart 4.6: R&D human resources by area of activity
Chart 4.7: International Science Rankings of Vietnam and several countries in 2020
Table 4.3: Rankings of 03 Vietnam’s universities in Asia region 2021
Table 4.4: List of UPM participating research universities 2020
Chart 4.11: Number of public eServices integrated to the National eService Portal
Chart 4.12: Number of visits (in thousands)
Chart 4.8: The explosion in e-commerce
Chart 4.9: Percentage of firms which started or increased the use of digital platforms by sector
Chart 4.10: Percentage of firms which started or increased the use of digital platforms by size
Table 4.5: GII rankings of Viet Nam (2018–2020)
Chart 4.13: Score and rankings of Vietnam’s GII pillars in 2020
Chart 4.14: Number of Vietnam entities’ industrial property applications by subject matter, 2011-20
Chart 4.15: Top 10 provinces/cities with highest industrial property applications, 2011-20
Chart 4.16: Increase of Vietnam entities’ patent applications, 2011-20
05. Appendix
Chart 5.1: Top 10 banks with highest profit before tax in 2020
Chart 5.2: Industrial zones, average rental rates and occupancy rates in HCMC and Hanoi
Chart 5.3: The production of finished steel in 2020
Chart 5.4: The sale of finished steel in 2020
Chart 5.5: Growth of B2C e-Commerce, 2014-20
Chart 5.6: Individual shopping value estimate in a year, 2015-25
Chart 5.7: Vietnam’s seaport and logistics industry in 2020
Chart 5.8: Transportation by road (million tons)
Chart 5.9: Transportation by sea (million tons)
Table 5.1: Top 10 banks in 2020
Table 5.2: Top 10 industrial real estate companies in 2020
Table 5.3: Top 10 steel companies in 2020
Table 5.4: Top 10 e-commerce companies 2020
Table 5.5: Top 10 logistics companies in 2020
TOP BANK COMPANIES
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM
VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE
VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK
THE JOINT STOCK COMMERCIAL BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM
MILITARY COMMERCIAL JOINT STOCK BANK
VIETNAM PROSPERITY JOINT-STOCK COMMERCIAL BANK
VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
TIEN PHONG COMMERCIAL JOINT STOCK BANK
SAIGON HANOI COMMERCIAL JOINT STOCK BANK
TOP REAL ESTATE COMPANIES
KHANG DIEN HOUSE TRADING AND INVESTMENT JOINT STOCK COMPANY
NAM LONG INVESTMENT CORPORATION
PHAT DAT REAL ESTATE DEVELOPMENT JOINT STOCK COMPANY
NO VA LAND INVESTMENT GROUP CORPORATION
SAI GON VRG INVESTMENT CORPORATION
VIET NAM CONSTRUCTION AND IMPORT - EXPORT JOINT STOCK CORPORATION
TOP STEEL COMPANIES
FORMOSA INDUSTRIES CORPORATION
VNSTEEL - SOUTHERN STEEL COMPANY LIMITED
CHINA STEEL AND NIPPON STEEL VIETNAM JOINT STOCK COMPANY
COMPANYTON DONG A CORRPORATION
NAM KIM STEEL JOINT STOCK COMPANY
STEEL CORPORATION GANG THAI NGUYEN TISCO
TOP E-COMMERCE COMPANIES
MOBILE WORLD INVESTMENT CORPORATION
NGUYEN KIM TRADING JOINT STOCK COMPANY
MEDIAMART VIET NAM CORPORATION
SEN DO TECHNOLOGY JOINT STOCK COMPANY
LAZADA EXPRESS VIETNAM COMPANY LIMITED
TOP LOGISTICS COMPANIES
AIRPORTS CORPORATION OF VIET NAM
VIETNAM NATIONAL SHIPPING LINES
IN DO TRANS LOGISTICS CORPORATION
PETROVIETNAM TRANSPORTATION CORPORATION
EXPEDITORS VIET NAM COMPANY LIMITED
SAMSUNG SDS VIETNAM COMPANY LIMITED
