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Services |
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Adoption
Process |
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International Adoption is a very complicated and at
the same time is a very rewarding process. Thousands and thousands
families adopt every year from overseas. Orphans Adoption is proud
to be part of this exciting process and making some ground braking
changes in the way it’s done. Our agency solely focuses on the
family and its needs rather then simply on the paperwork alone like
many other agencies do. We stay close to our families through the
whole process of international adoption from start to very end.
From your fist phone call or email to Orphans Adoption you will be
working with a live person and will be able to talk on the phone
with a live person whenever you needed in order to resolve any
obstacles or confusions (we are not supporting automated phone
services, and if you call us during business hours there always be
a live person answering your phone on the other side with the
greeting from Orphans Adoption).
Learn more
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Adoption
Stories |
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ADOPTION VIETNAM: VIETNAM ECONOMY
Overview: Vietnam is a poor, densely-populated country that has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally planned economy. Substantial progress was achieved from 1986 to 1996 in moving forward from an extremely low starting point - growth averaged around 9% per year from 1993 to 1997. The 1997 Asian financial crisis highlighted the problems in the Vietnamese economy but, rather than prompting reform, reaffirmed the government's belief that shifting to a market-oriented economy would lead to disaster. GDP growth of 8.5% in 1997 fell to 6% in 1998 and 5% in 1999. Growth then rose to 6% to 7% in 2000-02 even against the background of global recession. These numbers mask some major difficulties in economic performance. Many domestic industries, including coal, cement, steel, and paper, have reported large stockpiles of inventory and tough competition from more efficient foreign producers. Meanwhile, Vietnamese authorities have moved to implement the structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. The US-Vietnam Bilateral Trade Agreement entered into force near the end of 2001 and is expected to significantly increase Vietnam's exports to the US. The US is assisting Vietnam with implementing the legal and structural reforms called for in the agreement.
GDP: purchasing power parity - $183.8 billion (2002 est.)
GDP Growth: 7% (2002 est.)
GDP Capita: purchasing power parity - $2,300 (2002 est.)
GDP Composition: agriculture: 24%
industry: 37%
services: 39% (2001 est.)
Poverty: 37% (1998 est.)
Income: lowest 10%: 3.6%
highest 10%: 29.9% (1998) Distribution of family income - Gini index: 36.1 (1998)
Inflation: 3.9% (2002 est.)
Labor Force: 38.2 million (1998 est.)
Labor Occupation: agriculture 63%, industry and services 37% (2000 est.)
Budget: revenues: $5.3 billion
expenditures: $5.6 billion, including capital expenditures of $1.8 billion (1999 est.)
Industries: food processing, garments, shoes, machine-building, mining, cement, chemical fertilizer, glass, tires, oil, coal, steel, paper
Production Growth: 10.2% (2002 est.)
Electric Production: 29.8 billion kWh (2001)
Electric Source: fossil fuel: 43.7%
hydro: 56.3%
other: 0% (2001)
nuclear: 0%
Electric Consumption: 27.71 billion kWh (2001)
Electric Export: 0 kWh (2001)
Electric Import: 0 kWh (2001)
Oil Production: 356,700 bbl/day (2001 est.)
Oil Consumption: 185,000 bbl/day (2001 est.)
Oil Exports: NA (2001)
Oil Imports: NA (2001)
Oil Reserves: 1.4 billion bbl (37257)
Gas Production: 1.3 billion cu m (2001 est.)
Gas Consumption: 1.3 billion cu m (2001 est.)
Gas Exports: 0 cu m (2001 est.)
Gas Imports: 0 cu m (2001 est.)
Gas Reserves: 192.6 billion cu m (37257)
Agriculture: paddy rice, corn, potatoes, rubber, soybeans, coffee, tea, bananas, sugar; poultry, pigs; fish
Exports: $16.5 billion f.o.b. (2002 est.)
Export Commodities: crude oil, marine products, rice, coffee, rubber, tea, garments, shoes
Export Partners: US 15.2%, Japan 14.9%, Australia 7.6%, China 6.6%, Germany 6.5%, Singapore 5.5%, UK 4.3% (2002)
Imports: $16.8 billion f.o.b. (2002 est.)
Import Commodities: machinery and equipment, petroleum products, fertilizer, steel products, raw cotton, grain, cement, motorcycles
Import Partners: South Korea 12.7%, China 12.2%, Japan 12.1%, Singapore 11.8%, Taiwan 10.6%, Thailand 5.4% (2002)
Debt: $14.1 billion (2001)
Aid: $2.1 billion in credits and grants pledged by international donors for 2000
Currency: dong (VND)
Currency Code: VND
Exchange: dong per US dollar - 15,325.8 (2002), 14,725.2 (2001), 14,167.7 (2000), 13,943.2 (1999), 13,268 (1998)
Fiscal: calendar year
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