Denton Leth posted an update 1 year ago
The majority of the Vietnamese population reside in the rural areas nevertheless the proportion with the urban human population is gradually increasing from 19.7% in 1990 to 26.0% in 2004. Vietnam’s largest city is Ho Chi Minh City (population 5.0 million) and Hanoi (population of three.5 million) then Nai, Haiphong and Dac Lac.
Household income in Ho Chi Minh City is virtually 3 x the country’s average – the city makes up about up to 50 % of all motorbikes in Vietnam. Around 20% of the population live beneath the poverty level and mainly from rural households. 10%-15% with the households are middle to high-income households while 65%-70% are lower-income households.
INFRASTRUCTURE. Vietnam’s telecommunication systems lag behind many neighbouring countries in your community and thus government puts great emphasis on its modernisation. Digital exchanges now attached to Hanoi, Da Nang, and Ho Chi Minh City and main lines have gone up as the using mobile telephones keeps growing. The country’s road system stretches through the northern to southern tip of Vietnam. Northern and southern Vietnam are with two air-ports and two main sea ports serving international shipping.
INTERNATIONAL TRADE. Vietnam’s major trading partners would be the US, Japan, China, Australia, Germany, Singapore, Taiwan, Thailand and South Korea. Major exports include oil, seafood, rice, coffee, cashew nuts, rubber, tea, garments and shoes. Major imports include machineries and equipments, petroleum products, fertilisers, steel products, cotton, grains, cement and motorcycles.
CONSUMER USAGE OF TECHNOLOGY. There were nearly 10.2million telephones placed in Vietnam and nearly 5.0 million cell phone subscribers in 2004. The federal government is putting considerable efforts to modernise and improve the country’s telecommunication system but nevertheless lags in comparison with Singapore, Thailand and Malaysia. Computer penetration is low; estimates vary from 2% to 4% of the population in 2004 with an estimated 5.8 million online users. The penetration of television is simply 20% and concentrated to homes within the cities and towns. Similarly, installing refrigerators concentrates in the cities where 60% of the homes have refrigerators.
RETAIL MARKET. Retail sales in Vietnam grew by 8%-12% annually from 2000 to 2004 as a result of increasing disposable income as a result of country’s strong economic growth. Vietnamese consumers spend two-thirds of the income on retail purchases amounting to US$16.3 billion in 2004. Traditional wet markets and also the "mom and pop" shops dominate the retail industry accounting for 95% with the total retail trade. Several of these stores measure only five square metres (54 feet square). Modern stores are restricted but gradually emerging in the nation and usually locally owned businesses concentrated in Ho Chi Minh City and Hanoi.
FOOD CULTURE. Rice and noodles are the staple food in the Vietnamese but taste preference differs by region. Foods in central Vietnam are spicier while foods in southern and northern Vietnam are less spicy and therefore are saltier. The Vietnamese often dip their foods with chilli, garlic or fish sauce to add flavour. In france they colonialists introduced European style bread and bakeries to the Vietnamese food culture. Western style junk food service establishments are starting to emerge plus the traditional snack bars, cake shops and mobile food carts.
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