Gdp Growth of Vietnam in 2023
Vietnam in Southeast Asia is a globally growing region with a vast range of imports and exports boosting the global trade rank. The strategic location of the nation along the South coast of the China Sea makes it a top trade destination for most traders across the world as it removes all the trade barriers which interrupt the smooth transportation of goods. The country bordered by China, Laos, and Cambodia to the north, west, and south direction occupies a land area of 331,212 square kilometers. It is mostly famous for its mountain ranges with fertile river deltas in the north and south. The trade management authority is led by the one-party communist state government of Vietnam with the Prime minister as the head of power, the government induced initiatives like the rebuilding of transportation ports and tariff reduction have led to a GDP of 380 billion US dollars accompanied by the import and export trade value of 250 billion US dollars and 350 billion US dollars in 2023. Trade Stat