With a population of 96 million people, Vietnam is one of the most densely inhabited countries in Southeast Asia. Vietnam is bordered on the north by China, and on the west by Laos and Cambodia.
Through the Gulf of Thailand, Vietnam shares a border with Thailand. The East and South China Seas are where Vietnam’s major marine trade activity takes place.
For numerous decades, the Vietnamese economy was plagued by wars caused by Chinese intrusion in the medieval era and subsequently French colonization in the late 18th century.
During the Indochina War, the French tried to regain their position in Vietnam but were defeated.
Later, the country was divided into two groups, one sponsored by China and the Soviet Union in the north and the other by the United States in the south, resulting in many years of conflict.
Vietnam became one of the major emerging economies in Southeast Asia during the twentieth century. The country is primarily reliant on agriculture and agricultural goods, while the government’s recent reformative policies are increasing import and export. Bauxite reserves in Central Vietnam are utilized to produce aluminum.
Broadcasting Equipment, Mobile phones, Integrated Circuits, Linen Footwear, and Office Industrial Machinery are among Vietnam’s main exports, with the majority going to the United States, China, Japan, South Korea, and Hong Kong.
Integrated Circuits, Telephones, Memory Chips, Light Rubberized Ribbed Fabric, and Telecommunication Accessories are among Vietnam’s major imports, with most coming from China, South Korea, Chinese Taipei, Japan, and Thailand.