Vietnam country profile (Source:
BBC) – To be updated
The US joined the hostilities in order to stem
the "domino effect" of successive countries falling to Communism.
Business & Investment Opportunities
Vietnam,
a one-party Communist state, has one of south-east Asia's fastest-growing
economies and has set its sights on becoming a developed nation by 2020.
It became a unified country once more in 1975
when the armed forces of the Communist north seized the south.
This followed three decades of bitter wars, in
which the Communists fought first against the colonial power France, then
against South Vietnam and its US backers. In its latter stages, the conflict
held the attention of the world.
OVERVIEW
The jungle war produced heavy casualties on
both sides, atrocities against civilians, and the indiscriminate destruction
and contamination of much of the landscape.
A visit to Vietnam by US President Bill
Clinton in November 2000 was presented as the culmination of American efforts
to normalise relations with the former enemy.
Vietnam struggled to find its feet after
unification and tried at first to organise the agricultural economy along
strict collectivist lines.
But elements of market forces and private
enterprise were introduced from the late 1980s and a stock exchange opened in
2000.
Foreign investment has grown and the US is
Vietnam's main trading partner. In the cities, the consumer market is fuelled
by the appetite of a young, middle class for electronic and luxury goods.
After 12 years of negotiations the country
joined the World Trade Organization in January 2007.
But the disparity in wealth between urban and
rural Vietnam is wide and some Communist Party leaders worry that too much
economic liberalisation will weaken their power base.
Vietnam has also struggled to restrain its
trade and budget deficits, as well as the inflation rate, which was in double digits
at the start of 2010.
Despite pursuing economic reform, the ruling
Communist Party shows little willingness to give up its monopoly on political
power.
Vietnam has been accused of suppressing
political dissent and religious freedom. Rights groups have singled out Hanoi's
treatment of ethnic minority hill tribe people, collectively known as
Montagnards.
FACTS
Full
name: Socialist Republic of Vietnam
Population: 89 million (UN, 2010)
Capital: Hanoi
Largest
city: Ho Chi Minh City
Area: 329,247 sq km (127,123 sq miles)
Major
language: Vietnamese
Major
religion: Buddhism
Life
expectancy: 73 years (men), 77 years
(women) (UN)
Monetary
unit: 1 dong = 100 xu
Main
exports: Petroleum, rice, coffee, clothing, fish
GNI
per capita: US $1,010 (World Bank,
2009)
Internet
domain: .vn
International
dialling code: +84
MEDIA
The Communist Party has a strong grip on the
media. The Ministry of Culture and Information controls the press and
broadcasting.
The government has closed publications for
violating the narrow limits on permissible reporting. Journalists can be fined
for transgressions which include denying revolutionary achievements and
spreading "harmful" information or "reactionary ideology".
There are hundreds of newspapers and
magazines, but TV is the dominant medium. State-run Vietnam Television (VTV)
broadcasts from Hanoi. There is a growing pay TV industry, which includes the
K+ satellite platform.
State-run Voice of Vietnam (VoV) has six radio
networks, including VoV 5 with programmes in English, French and Russian.
There were around 28.6 million internet users
by May 2011 (InternetWorldStats). Providers face fines or closure for breaking
the rules, and cyber dissidents have been imprisoned. Filtering of
"obscene" content, and of opposition websites, is in place.
Vietnam is an RSF "Enemy of the
Internet" (2010) and one of the Committee to Protect Journalists' "10
worst countries to be a blogger" (2009).
The
press
Nhan
Dan - Communist Party daily, English-language pages
Vietnam
Economic Times - English-language pages
Le
Courrier du Vietnam - French-language
Vietnam
News - state-run, English-language daily
Quan Doi Nhan
Dan - People's Army daily
Television
VTV -
Vietnam Television
Radio
Voice of
Vietnam - operates national networks and an external service
Dai Tieng Noi
Nhan Dan - Ho Chi Minh City
News
agency
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