Nyholm Peacock posted an update 10 months, 2 weeks ago
A lot of the Vietnamese population are now living in the rural areas however the proportion in the urban inhabitants are 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) followed by Nai, Haiphong and Dac Lac.
Household income in Ho Chi Minh City is practically 3 x the national average – the city is the reason for up to 50 % of all motorbikes in Vietnam. Nearly 20% of people live below 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 neighborhood and for that reason government puts great increased exposure of its modernisation. Digital exchanges now linked to Hanoi, Da Nang, and Ho Chi Minh City and main lines have increased while the usage of mobile telephones is growing. The national road system stretches from the northern to southern tip of Vietnam. Northern and southern Vietnam are served by two international airports as well as main sea ports serving international shipping.
INTERNATIONAL TRADE. Vietnam’s major trading partners include the US, Japan, China, Australia, Germany, Singapore, Taiwan, Thailand and The philipines. 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 Using of TECHNOLOGY. There are nearly 10.1 million telephones installed in Vietnam and nearly 5.0 million cell phone subscribers in 2004. The us government is putting considerable efforts to modernise and increase the country’s telecommunication system but still lags in comparison with Singapore, Thailand and Malaysia. Computer penetration is low; estimates consist of 2% to 4% of the population in 2004 and an estimated 5.8 million internet surfers. The penetration of television is merely 20% and concentrated to homes in the cities and towns. Similarly, installation of refrigerators is targeted from the cities where 60% with the homes have refrigerators.
RETAIL MARKET. Retail sales in Vietnam grew by 8%-12% annually from 2000 to 2004 brought about by increasing disposable income as a result of country’s strong economic growth. Vietnamese consumers spend two-thirds of these income on retail purchases amounting to US$16.3 billion in 2004. Traditional wet markets as well as the "mom and pop" shops dominate the retail industry making up 95% from the total retail trade. Many of these retail shops measure only five square metres (54 square feet). Modern retail establishments are restricted but gradually emerging in the united kingdom and usually locally owned businesses concentrated in Ho Chi Minh City and Hanoi.
FOOD CULTURE. Rice and noodles would be the staple food with the Vietnamese but taste preference differs by region. Foods in central Vietnam are spicier while foods in northern and southern Vietnam are less spicy and tend to be saltier. The Vietnamese often dip their foods with chilli, garlic or fish sauce to include flavour. In france they colonialists introduced European style bread and bakeries into the Vietnamese food culture. Western style fastfood service establishments have started to emerge alongside the traditional snack bars, cake shops and mobile food carts.
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