Nyholm Peacock posted an update 4 months, 2 weeks ago
Almost all of the Vietnamese population reside in the rural areas however the proportion of the urban 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 3.5 million) followed by Nai, Haiphong and Dac Lac.
Household income in Ho Chi Minh City is nearly thrice the nation’s average – the town accounts for nearly half of all the so-called motorbikes in Vietnam. An estimated 20% of people live under 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 the area and thus government puts great increased exposure of its modernisation. Digital exchanges now connected to Hanoi, Da Nang, and Ho Chi Minh City and main lines have gone up even though the using mobile telephones is growing. The national road system stretches from the northern to southern tip of Vietnam. Southern and northern Vietnam are using two airfields and a couple 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 Columbia. 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 have been nearly 10.A million telephones placed in Vietnam and nearly 5.0 million cell phone subscribers in 2004. The us government is putting considerable efforts to modernise and enhance the country’s telecommunication system but still lags when compared with Singapore, Thailand and Malaysia. Computer penetration is low; estimates differ from 2% to 4% of the population in 2004 as well as an estimated 5.8 million online users. The penetration of television is just 20% and concentrated to homes within the towns and cities. Similarly, installing 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 because of increasing disposable income due to country’s strong economic growth. Vietnamese consumers spend two-thirds with their income on retail purchases amounting to US$16.3 billion in 2004. Traditional wet markets along with the "mom and pop" shops dominate the retail industry comprising 95% of the total retail trade. A number of these stores measure at most five square metres (54 feet square). Modern retail establishments are limited 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 include the staple food with 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 they are saltier. The Vietnamese often dip their foods with chilli, garlic or fish sauce to provide flavour. The French colonialists introduced European style bread and bakeries to the Vietnamese food culture. Western style take out service establishments are beginning to emerge alongside the traditional snack bars, cake shops and mobile food carts.
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