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About Vietnam

Vietnam Population: 82,689,518 (July 2004 est.)
Languages: Vietnamese (official), English (increasingly favored as a second language), some French, Chinese, and Khmer; mountain area languages (Mon-Khmer and Malayo-Polynesian).
Government Type: Communist State
Capital: Hanoi
Independence Day: 2 September 1945 (from France)
Legal System: Based on communist legal theory and French civil law system.
Currency: dong (VND)

Executive Branch:

Chief of State: President Tran Duc Luong (since 24 September 1997).

Head of Government: Prime Minister Phan Van Khai (since 25 September 1997); First Deputy Prime Minister Nguyen Tan Dung (since 29 September 1997); Deputy Prime Ministers Vu Khoan (8 August 2002) and Pham Gia Khiem (since 29 September 1997).

American 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

General Overview: The conquest of Vietnam by France began in 1858 and was completed by 1884. It became part of French Indochina in 1887. Independence was declared after World War II, but the French continued to rule until 1954 when they were defeated by Communist forces under Ho Chi Minh, who took control of the North. US economic and military aid to South Vietnam grew through the 1960s in an attempt to bolster the government, but US armed forces were withdrawn following a cease-fire agreement in 1973. Two years later, North Vietnamese forces overran the South. Despite the return of peace, for over two decades the country experienced little economic growth because of conservative leadership policies. Since 2001, Vietnamese authorities have committed to economic liberalization and enacted structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. The country continues to experience protests from the Montagnard ethnic minority population of the Central Highlands over loss of land to Vietnamese settlers and religious persecution.

Economic 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 would lead to disaster. GDP growth of 8.5% in 1997 fell to 6% in 1998 and 5% in 1999. Growth then rose to 6% to 7% in 2000-02 even against the background of global recession. These numbers mask some major difficulties in economic performance. Many domestic industries, including coal, cement, steel, and paper, have reported large stockpiles of inventory and tough competition from more efficient foreign producers. Since the Party elected new leadership in 2001, Vietnamese authorities have reaffirmed their commitment to economic liberalization and have moved to implement the structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. The US-Vietnam Bilateral Trade Agreement entered into force near the end of 2001 and is expected to significantly increase Vietnam's exports to the US. The US is assisting Vietnam with implementing the legal and structural reforms called for in the agreement.

International Disputes: demarcation of the land boundary with China continues, but maritime boundary and joint fishing zone agreement remains unratified; Cambodia and Laos protest Vietnamese squatters and armed encroachments along border; China occupies Paracel Islands also claimed by Vietnam and Taiwan; involved in complex dispute with China, Malaysia, Philippines, Taiwan, and possibly Brunei over the Spratly Islands; the 2002 "Declaration on the Conduct of Parties in the South China Sea" has eased tensions but falls short of a legally binding "code of conduct" desired by several of the disputants.