Vietnam, located in Southeastern Asia, is officially known as the Socialist Republic of Vietnam. Vietnam is world's thirteenth most populous nation. During the last decade of the 19th century, the economic growth of Vietnam was among the highest in the world. In 2007, Vietnam successfully joined the World Trade Organization. Even though Vietnam is relatively new to the oil business, but, in Southeast Asia, it is the 3rd largest oil producer. IT, high tech industries and manufacturing constitute a significant part of the national economy. Chief manufacturing include: food processing, cigarettes and tobacco, textiles, chemicals and electrical goods.
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