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on last held 23 September 1992 (next to be held when National Assembly meets following legislative elections in July 1997); prime minister appointed by the president from among the members of the National Assembly; deputy prime ministers appointed by the prime minister election results: Le Duc ANH elected president; percent of National Assembly vote - NA Legislative branch: unicameral National Assembly or Quoc-Hoi (395 seats; members elected by popular vote to serve five-year terms) elections: last held 19 July 1992 (next to be held 20 July 1997) election results: percent of vote by party - CPV or CPV-approved 100%; seats by party - CPV or CPV-approved 395 Judicial branch: Supreme People's Court, chief justice is elected for a five-year term by the National Assembly on the recommendation of the president Political parties and leaders: only party - Communist Party of Vietnam (CPV), DO MUOI, general secretary International organization participation: ACCT, AsDB, ASEAN, CCC, ESCAP, FAO, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat, Interpol, IOC, IOM (observer), ISO, ITU, Mekong Group, NAM, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO (applicant) Diplomatic representation in the US: chief of mission : Ambassador Le Van BANG chancery: 1233 20th Street NW, Washington, DC 20036, Suite 501 telephone: [1] (202) 861-0737 FAX: [1] (202) 861-0917 Diplomatic representation from the US: chief of mission: Ambassador Douglas "Pete" Peterson embassy : 7 Lang Ha Road, Ba Dinh District, Hanoi mailing address: PSC 461, Box 400, FPO AP 96521-0002 telephone: [84] (4) 8431500 FAX: [84] (4) 8350484 or 8431510 Flag description: red with a large yellow five-pointed star in the center Economy Economy - overview: Vietnam is a poor, densely populated country that has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally planned economy. Substantial progress has been achieved over the past 10 years in moving forward from an extremely low starting point. Economic growth continued at a strong pace during 1996 with industrial output rising by 14% and real GDP expanding by 9.4%. Foreign direct investment rose to an estimated $2.3 billion for the year, up by about 30% from 1995. These positive numbers, however, masked some major difficulties that are emerging in economic performance. Many domestic
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