Welcome to the price transmission page for Vietnam. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.
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Historic Warnings per Commodity
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The lower middle-income country has been slowly transforming to a more open and export-driven economy. Instead of agriculture, the economy is increasingly dependent on a more diversified industry including food processing, garments, machine-building and cement industry. The industrial production growth rate ranks among the highest worldwide. Natural resources include phosphates, coal and rare earth elements.
The agricultural sector employs roughly half of the total labor force. In terms of GDP, the sector is losing importance: the share decreased from one quarter to one fifth within the past 15 years. One-fifth of the total land area is used as arable land for rice, coffee, rubber, tea, pepper, soybeans, cashews, sugar cane, peanut or bananas. With the extensive coastlines, many families also depend on fishery as a source of income. Occasional typhoons threaten the harvests. Overall, Vietnam is a net cereals exporter.
The densely populated country with close to 95 million inhabitants has seen improvement in socioeconomic indicators such as a significant reduction in the poverty rate or very low unemployment rates. Child labor however remains a challenge since roughly one in ten youngsters aged 5-17 is engaged child labor. Malnutrition is another challenge in the medium human development country: one-tenth of the children under five is underweight and also 10% of the population is undernourished according to the GHI (2015).