Vietnam is the easternmost country on the Indochina Peninsula in Southeast Asia. For much of its history, Vietnam was a predominantly agricultural civilization based on wet rice cultivation. There is also an industry for bauxite mining in Vietnam, an important material for the production of aluminum. The Vietnamese economy is shaped primarily by the Vietnamese Communist Party in Five Year Plans made through the plenary sessions of the Central Committee and national congresses.
Manufacturing, information technology and high-tech industries now form a large and fast-growing part of the national economy. Though Vietnam is a relative newcomer to the oil industry, it is currently the third-largest oil producer in Southeast Asia, with a total 2011 output of 318,000 barrels per day (50,600 m3/d).[1] In 2010, Vietnam was ranked as the 8th largest crude petroleum producers in the Asia and Pacific region.[2] Like its Chinese neighbours, Vietnam continues to make use of centrally planned economic five-year plans.
For further information on the types of business entities in this country and their abbreviations, see "Business entities in Vietnam".
^"Vietnam". United States Energy Information Administration. 2011. Retrieved 6 November 2012.
^Fong-Sam, Yolanda (August 2012) "Vietnam" in 2010 Minerals Yearbook. USGS. Archived 2 March 2013 at the Wayback Machine
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