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Letter From Ho Chi Minh City: Vital Stats

Economic, government, and trade information about the Vietnamese city.

HO CHI MINH CITY POPULATION: Approximately 8 million


VIETNAM POPULATION: 86 million

NATIONAL UNEMPLOYMENT RATE:
5.3 percent (2007)

FOREIGN VISITORS TO HCMC (2007): 2.7 million

NATIONAL GDP: $70.02 billion (2007)

NATIONAL GDP PER CAPITA:
$2,600 (2007)

GDP COMPOSITION BY SECTOR: Industry, 42.3 percent; Services, 38.2 percent; Agriculture, 19.5 percent (2007)

MAIN INDUSTRIES: Food processing, garments, shoes, machine building, mining, coal, steel, cement, chemical fertilizer, glass, tires, oil and paper.

MAIN APPAREL MARKETS FOR EXPORT:
U.S., European Union and Japan.

VALUE OF TEXTILE EXPORTS: $4.19 billion (2007)

LEADING VIETNAM FASHION FIRM:
Minh Hanh

TYPICAL RETAIL RENT IN AN UPSCALE SHOPPING CENTER:
$50 per square meter, or about $4.65 per square foot.

CURRENT EXCHANGE RATE:
$1 = 16,855 Vietnamese dong

SOURCES: Statistical Office of HCMC, CIA World Factbook — Vietnam, Vietnam Venture Groups, The Economist Intelligence Unit — Vietnam, The Economist, ExchangeRates.org, xE.com