Lying on the eastern part of the Indochinese peninsula, Vietnam is a strip of land shaped like the letter "S". China borders it to the north, Laos and Cambodia to the west, the East Sea to the east and the Pacific Ocean to the east and south.
Vietnam is located in both a tropical and a temperate zone. It is characterized by strong monsoon influences, but has a considerable amount of sun, a high rate of rainfall, and high humidity. Regions located near the tropics and in the mountainous regions are endowed with a temperate climate.
Vietnam achieved around 8% annual GDP growth from 1990 to 1997 and continued at around 7% from 2000 to 2005, making it one of the world's fastest growing economy. Growth by 8.5 percent, 6.3, 5.3 and 6.8 for the year of 2007, 2008, 2009 and 2010 respectively, but inflation rate hit 11.8 percent in December 2010 on a year-on-year basis, according to a GSO estimate. Vietnam is one of Asia's most open economies: two-way trade is around 160% of GDP, more than twice the ratio for China and over four times India's.
At present there are 54 different ethnic groups inhabiting Vietnam, in which Kinh (Viet) people make up nearly 90% of the whole population, and 53 other ethnic groups represent over 10%.
There are some 44 members of the Institution based in Vietnam with almost 80% being in the southern metropolis of Ho Chi Minh City, still also known as Saigon. Commercial Property is the Primary Professional Group of some 50% of members with Quantity Surveying & Construction having 30% and Valuation 10%. The remainder specialises in Building Surveying, Geomatics and Dispute Resolution.
A Representative Office was opened in Ho Chi Minh City in December 2010.
For general enquiries please contact:
Alan Murray, MRICS, MCInstCES
RICS Vietnam t + 84 909 97 3246
f via HK office + 852 2537 2756e ricsvietnam@rics.org For general enquiry, please contact:
RICS Asia
t +852 2537 7117
f +852 2537 2756
e ricsasia@rics.org
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BCIS
