i)
Judicial branch:
Supreme People's Court
Leaders:
Chief of State:
President Le Duc ANH (since 23 September 1992)
Head of Government:
Prime Minister Vo Van KIET (since 9 August 1991); First Deputy Prime
Minister Phan Van KHAI (since 10 August 1991); Deputy Prime Minister Nguyen
KHANH (since NA February 1987); Deputy Prime Minister Tran Duc LUONG (since
NA February 1987)
*Vietnam, Government
Member of:
ACCT, AsDB, ESCAP, FAO, G-77, IAEA, IBRD, ICAO, IDA, IFAD, IFC, ILO, IMF,
IMO, INTELSAT, INTERPOL, IOC, IOM (observer), ISO, ITU, LORCS, NAM, UN,
UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation in US:
none
US diplomatic representation:
none
Flag:
red with a large yellow five-pointed star in the center
*Vietnam, Economy
Overview:
Vietnam has made significant progress in recent years moving away from the
planned economic model and toward a more effective market-based economic
system. Most prices are now fully decontrolled and the Vietnamese currency
has been effectively devalued and floated at world market rates. In
addition, the scope for private sector activity has been expanded, primarily
through decollectivization of the agricultural sector and introduction of
laws giving legal recognition to private business. Despite such positive
indicators, the country's economic turnaround remains tenuous. Nearly
three-quarters of export earnings are generated by only two commodities,
rice and crude oil. Meanwhile, industrial production stagnates, burdened by
uncompetitive state-owned enterprises the government is unwilling or unable
to privatize. Unemployment looms as the most serious problem with over 25%
of the workforce without jobs and population growth swelling the ranks of
the unemployed yearly.
National product:
GNP - exchange rate conversion - $16 billion (1992 est.)
National product real growth rate:
7.4% (1992 est.)
National product per capita:
$230 (1992 est.)
Inflation rate (consumer prices):
15%-20% (1992 est.)
Unemployment rate:
25% (1992 est.)
Budget:
revenues $1.7 billion; expenditures $1.9 billion, including capital
expenditures of $NA (1990)
Exports:
$2.3 billion (f.o.b., 1992)
commodities:
agricultural and handicraft products, coal, minerals, crude oil, ores,
seafood
partners:
Japan, Singapore, Thailand, Hong Kong, Taiwan
Imports:
$1.9 billion (c.i.f., 1992)
commodit
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