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    Vietnam Facts & Figures

    Vietnam facts and figures provide information on population, inflation rate, seasons, taxes, government, residency and visa requirements...

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        Da Nang city skyline cityscape at Han river at twilight in Da Nang, central Vietnam facts and figures
        Adobe Stock/Hanoi Photography

        Vietnam Facts & Figures

        Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

        Reviewed By Lief Simon

        Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

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          Table Of Contents

           
          Information Type Vietnam Data
          Population 98,858,950 (June 2023 est.)
          Gross Domestic Product (GDP) US$430 billion (2023 est.)
          GDP Per Capita US$4,284 (2023 est.)
          Inflation Rate 3.35% (2023 est.)
          Currency Vietnamese dong (VND)
          Exchange Rate Versus U.S. Dollar 24,390 dongs per U.S. dollar (Feb. 2023)
          Language Vietnamese (official), English (increasingly favored as a second language), some French, Chinese, and Khmer, mountain area languages (Mon-Khmer and Malayo-Polynesian)
          Capital Hanoi
          Population of Capital City 9.3 million (municipality area)
          Time Zone UTC/GMT +7 hours
          Seasons Tropical in south. Monsoonal in north with hot, rainy season (May to September) and warm, dry season (October to March)
          International Dialing Code 84
          Electricity 120/220V- 50Hz
          System of Government Single-party state
          Current Leader President Nguyễn Phú Trọng (since October 2018)
          Income Tax Rate for Residents 5% to 35%
          Property Tax The municipal authorities levy tax on real estate
          Capital Gains Tax 0.1% on the gross sale or 20% of net profit.
          Inheritance Tax Inheritances and gifts are subject to income tax at special rates.
          Rental Income Tax Nonresidents are liable to pay tax on their Vietnamese-sourced income at a flat rate of 20%
          Transfer Tax 0.1 to 10%. Apply on the transfer of properties
          Sales Tax Rates are 0%, 5%, and 10%
          Restrictions on Foreign Ownership of Property Foreigners are not allowed to own land
          Local Chambers of Commerce N/A
          American Chamber of Commerce
          Primary Exports Clothes, shoes, electronics, seafood, crude oil, rice, coffee, wooden products, machinery
          Residency and Visa Requirements Foreign nationals who wish to visit the country can apply directly at the Vietnam Embassy or Consulates located in their countries of residence. The entire application process will take about 4 to 10 days. Visitors may also obtain the visa upon arrival at the airport with certain special requirements.
          Special Benefits for Foreign Residents or Retirees Foreigners who are residents in Vietnam can own dwelling houses but cannot sub-lease these dwellings
          National Airline Vietnam Airlines

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            Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

            Reviewed By Lief Simon

            Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

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              Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

              Portugal is known for Fado music and also for being the largest cork producer in the world.

              Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

              Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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