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Finance of Vietnam

The minimum monthly wage in Vietnam is dependent on the each administrative territory. Vietnam has a government debt of 48.2% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Vietnam is 6.8%. The currency of Vietnam is Vietnamese dong. The plural form of the word Vietnamese dong is dongs. The symbol used for this currency is ₫, and it is abbreviated as VND. The Vietnamese dong is divided into hao; there are 100 in one dong. Each year, consumers spend around $62,424 million. The ratio of consumer spending to GDP in Vietnam is 0.04%, and the ratio of consumer spending to the world consumer market is 18%. The corporate tax in Vietnam is set at 20%. Personal income tax ranges from 5% to 35%, depending on your specific situation and income level. VAT in Vietnam is 10%. In 2013, Vietnam received 4115.7 million USD in foreign aid.In 2014, the foreign aid amounted to 3595.5 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Vietnam is $512,582 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Vietnam was last recorded at $5,312,218. PPP in Vietnam is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Vietnam is 171,222 billion. Based on this statistic, Vietnam is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Vietnam was last recorded at $1,774,484. The average citizen in Vietnam has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Vietnam averaged 5.5% in 2014. According to this percentage, Vietnam is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.