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HOAN (since NA) and Pham Gia KHIEM (since 29 September 1997) cabinet: Cabinet appointed by the president on the proposal of the prime minister and ratification of the National Assembly election results: Tran Duc LUONG elected president; percent of National Assembly vote - NA% Legislative branch: unicameral National Assembly or Quoc-Hoi (498 seats; members elected by popular vote to serve five-year terms) elections: last held 19 May 2002 (next to be held 2007) election results: percent of vote by party - CPV 90%, other 10% (the 10% are not CPV members but are approved by the CPV to stand for election); seats by party - CPV 447, CPV-approved 51 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 or CPV [Nong Duc MANH, general secretary] Political pressure groups and leaders: none International organization participation: ACCT, APEC, ARF, AsDB, ASEAN, CCC, ESCAP, FAO, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM (observer), ISO, ITU, NAM, OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO (observer) Diplomatic representation in the US: chief of mission: Ambassador Nguyen Tam CHIEN consulate(s) general: San [1] (202) 861-0737 chancery: Diplomatic representation from the US: chief of mission: Ambassador Raymond F. BURGHARDT embassy: 7 Lang Ha Road, Ba Dinh District, Hanoi mailing address: PSC 461, Box 400, FPO AP 96521-0002 telephone: [84] (4) 772-1500 FAX: [84] (4) 772-1510 consulate(s) general: Ho Chi Minh City Flag description: red with a large yellow five-pointed star in the center Economy Vietnam 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 was achieved from 1986 to 1996 in moving forward from an extremely low starting point - growth averaged around 9% per year from 1993 to 1997. The 1997 Asian financial crisis highlighted the problems in the Vietnamese economy but, rather than prompting reform, reaffirmed the government's belief that shifting to a market oriented economy leads to disaster. GDP growth of 8.5% in 1997 fell to 6% in 1998 and 5% in 1999. Growth then r
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