Vietnam is a country located in South East Asia, and is the world’s 13th most populated country. The Vietnamese economy is scheduled to become the 21st largest in the world by 2025 and shows a growth rate of 10% each year.
Traditionally, much of the economy was based on agriculture, but in recent years, manufacturing and the high tech sectors are now key contributors to the national economy. Tourism accounts for around 40% of the GDP and the sector continues to grow by 6% annually. The country has emerged as a major tourist destination with cities throughout Vietnam consistently featuring in top destination lists. The country welcomed over 7.2 million tourists in 2013, which generated over $9 billion towards the GDP.
Although still relatively new, the serviced apartment industry is constantly expanding in Vietnam with accommodation now located in Hanoi and Ho Chi Minh. With a high number of people travelling to the country for business, corporate accommodation is in high demand. For those staying for extended periods of time, a serviced apartment offers a more comfortable, spacious and equipped alternative to a hotel room. Serviced accommodation throughout Vietnam also offers business travellers an economical and enjoyable solution.
Population: 90 million
Currency: Vietnamese Dong
Dominant religion: Buddhism
Time zone: (UTC+7)
Main exports: Clothing, oil, electronics
Internet domain: .vn
Dial code: +84