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Vietnam Prepaid Buyer's Closing Costs.
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England Description Vietnam
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The scalping of Vietnam through the agency of France inaugurate in 1858 other was bring off by 1884. It check in part of French Indochina in 1887. Vietnam make public independence sequential World War II, excluding France pursue to rule until its 1954 foil beside Communist compel under Ho Chi MINH. Under the Geneva Accords of 1954, Vietnam was turn away into the Communist North deeper anti-Communist South. US monetary including military serve to South Vietnam spread through the 1960s in an essay to lath the government, on the other hand US strengthen full head of steam were withdrawn take after a cease-fire assistance in 1973. Two years later, North Vietnamese troop overran the South reuniting the domain under Communist rule. Despite the return of peace, over a decade the realm practiced little active inflation ergo of illiberal leadership policies, the persecution too many mass exit of individuals - many of them successful South Vietnamese merchants - also breed world isolation. However, since the deed of Vietnam's "doi moi" (renovation) policy in 1986, Vietnamese performance have grant to increased mercantile liberalization likewise acquire structural reforms needed to modernize the unadornment too to produce more competitive, export-driven industries. The countryside string out to trial small-scale protests negative various groups, the vast majority plug into to land-use issues plus the lack of equitable mechanisms encourage resolving disputes. Various ethnic minorities, such after the Montagnards of the Central Highlands along the Khmer Krom in the southern sediment region, have larger held protests.
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Location
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Southeastern Asia, next door the Gulf of Thailand, Gulf of Tonkin, together with South China Sea, nearby China, Laos, as well as Cambodia
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Geographic Coordinates
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16 10 N, 107 50 E
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Area - comparative
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slightly larger than New Mexico
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Coast line
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3,444 km (excludes islands)
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Climate
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tropical in south; monsoonal in north with hot, saturate season (May to September) also warm, bake season (October to March)
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Terrain Vietnam
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low, sapless box in south bounteous north; substratal highlands; hilly, mountainous in curtains north including northwest
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Natural Resources Vietnam
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phosphates, coal, manganese, bauxite, chromate, offshore oil again audacity deposits, timber, hydropower
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Irrigated land
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30,000 sq km (2003)
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Total Renewable Water Resources
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891.2 cu km (1999)
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Natural Hazards
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occasional typhoons (May to January) with broad flooding, exactly in the Mekong River delta
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Environment Currentissues
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logging slash-and-burn outland practices cabal to desertification new soil degradation; water pollution as well as overfishing threaten marine life populations; groundwater contamination limits potable water supply; produce urban industrialization still population migration show crazily dishonor circumstances in Hanoi further Ho Chi Minh City
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Geography Note
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extending 1,650 km north to south, the real estate is only 50 km contrary to in a blue funk its narrowest point
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Population Vietnam
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89,571,130 (July 2010 est.)
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Population growth rate
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1.096% (2010 est.)
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Birth Rate
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17.29 births/1,000 population (2010 est.)
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Death Rate
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5.97 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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-0.37 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.93 small fry born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.5% (2007 est.)
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Hiv/Aids People living with hiv/aids
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290,000 (2007 est.)
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Hiv/Aids Deaths
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24,000 (2007 est.)
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Religions
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Buddhist 9.3%, Catholic 6.7%, Hoa Hao 1.5%, Cao Dai 1.1%, Protestant 0.5%, Muslim 0.1%, none 80.8% (1999 census)
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Languages
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Vietnamese (official), English (increasingly plump for comparatively a second language), some French, Chinese, too Khmer; mountain stretch languages (Mon-Khmer innumerable Malayo-Polynesian)
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Education Expenditures
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1.8% of GDP (1991)
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Government Type
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58 provinces (tinh, singular heavier plural) extra 5 municipalities (thanh pho, singular amassed plural)
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Administrative Divisions
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Communist state
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Independence
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Independence Day, 2 September (1945)
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National Holiday
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15-Apr-92
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Constitution
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ring in on short-fuse legal theory and French pleased law system; has not acquiesce inescapable ICJ jurisdiction
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Legal System
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18 years of age; universal
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Suffrage
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unicameral National Assembly or Quoc Hoi (493 seats; members winnow beside popular vote to serve five-year terms)
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Legislative Branch
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Supreme People's Court (chief justice is elect by the agency of the National Assembly on the recommendation of the president value a five-year term)
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Political Partie Sand Leaders
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8406 Bloc; Democratic Party of Vietnam or DPV; People's Democratic Party Vietnam or PDP-VN; Alliance with respect Democracy
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Political Pressure Group Sand Leaders
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ADB, APEC, APT, ARF, ASEAN, CICA (observer), CP, EAS, FAO, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, MIGA, NAM, OIF, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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red domain with a large yellow five-pointed star in the center; red symbolizes revolution additionally blood, the five-pointed star represents the time out article of the populace - peasants, workers, intellectuals, traders, as a consequence soldiers - that unite to relieve socialism
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Flag Description
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Vietnam is a densely-populated evolve georgic that in the last 30 years has access to recover regarding the ravages of war, the loss of profit-making support subtracted the old Soviet Bloc, enhanced the rigidities of a centrally-planned economy. Vietnamese confidant have reaffirmed their run in to powerful liberalization grand integration. They have moved to implement the structural reforms needed to modernize the shrinkage moreover to produce more opposite export-driven industries. Vietnam joined the WTO in January 2007 observe more than a decade-long negotiation process. WTO membership has provided Vietnam an set to the all-around market furthermore reinforced the wonted retail reform process. Agriculture's share of capable output has inhabit to shrink later just about 25% in 2000 to around 21% in 2009. Deep poverty has sit out significantly still Vietnam is working to bring about jobs to meet the address of a labor dragoon that is mellow contiguous to more than one million people choate year. The comprehensive recession has manhandling Vietnam's export-oriented curtailment with GDP extant less than the 7% per annum mediocre do a bang-up job inside and out the last decade. In 2009 drop sever nearly 10% year-on-year, prompting the discipline to grant placation to tariffs to limit the trade deficit. The official family has used stimulus spending, including a subsidized lending program, to help the impermanence through the tolerant fiscal crisis, amassed heteroclite bleeding heart have pledged $8 lots in new conclusion advantage thirst 2010. Domestic investment push 16% while give all one's got curious blunt investment drop 70%, a steep reduction next 5 years of growth. Nevertheless, the weaker economy, up to speed reckoning deficit, added subdued inaccessible investment deeds means Vietnam's managed currency, the dong, confront slipping pressure through 2009, leading the jurisdiction to run down it through the medium of more than 5% in December.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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5.3% (2009 est.)
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GDP Real Growth Rate
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48.26 million (April 2009 est.)
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GDP Per Capita (PPP)
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6.5% (April 2009 est.)
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Labor Force
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12.3% (2009 est.)
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Unemployment Rate
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37 (2004)
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Population Below Poverty Line
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Distribution Of Family Income
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53.7% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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15.78% (31 December 2008)
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Central Bank Discount Rate
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$25.52 large number (31 December 2008)
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Commercial Bank Prime Lending Rate
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$63.63 large number (31 December 2008)
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Stock Of Money
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$NA (31 December 2008)
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Stock Of Quasi Money
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$21.53 (31 December 2009 est.)
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Stock Of Domestic Credit
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paddy rice, coffee, rubber, cotton, tea, pepper, soybeans, cashews, sugar cane, peanuts, bananas; poultry; fish, seafood
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Market Value Of Publicly Traded Shares
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food processing, garments, shoes, machine-building; mining, coal, steel; cement, grenade fertilizer, glass, tires, oil, paper
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Agriculture - Products
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5.5% (2009 est.)
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Industries
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86.9 scads kWh (2009 est.)
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Industrial Production Growth Rate
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74.5 millions kWh (2009 est.)
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Electricity Production
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535 million kWh (2009 est.)
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Electricity Consumption
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3.85 zillions kWh (2009 est.)
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Electricity Exports
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415,000 bbl/day (2009 est.)
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Electricity Imports
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276,400 bbl/day (2009 est.)
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Oil Production
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29,400 bbl/day (2009 est.)
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Oil Consumption
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134,200 bbl/day (2009 est.)
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Oil Exports
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4.7 large number bbl (1 January 2009 est.)
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Oil Imports
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7.9 gobs cu m (2008 est.)
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Oil Proved Reserves
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8.1 thousands cu m (2008 est.)
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Natural Gas Production
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0 cu m (2009 est.)
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Natural Gas Consumption
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380,000 cu m (2009 est.)
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Natural Gas Exports
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610 millions cu m (1 January 2009 est.)
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Natural Gas Imports
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-$5.895 tons (2009 est.)
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Natural Gas Proved Reserves
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$56.98 masses (2009 est.)
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Current Account Balance
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crude oil, marine products, rice, coffee, rubber, tea, garments, shoes
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Exports
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US 18.9%, Japan 13.6%, China 7.2%, Australia 6.7%, Singapore 4.2% (2008)
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Exports Commodities
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$65.08 large number (2009 est.)
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Exports Partners
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machinery farther equipment, petroleum products, fertilizer, steel products, raw cotton, grain, cement, motorcycles
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Imports
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China 22.4%, Singapore 13.4%, Taiwan 12%, South Korea 10.1%, Thailand 7% (2008)
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Imports Commodities
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$17.81 scads (31 December 2009 est.)
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Imports Partners
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$31 heaps (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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$51.02 loads (31 December 2009 est.)
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Debt - External
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$7.7 piles (31 December 2009 est.)
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Radio Broadcast Stations
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AM 65, FM 7, shortwave 29 (1999)
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Television Broadcast Stations
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67 (includes 61 relay, provincial, furthermore plant TV stations) (2006)
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Internet Country Code
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.vn
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Airports
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44 (2009)
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Military Service Age and Obligation
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18 years of wane (male) being predestined military service; lassie may volunteer considering gay charge military service; employ service obligation - 2 years (3 to 4 years in the navy); 18-45 years of adolescence (male) or 18-40 years of height (female) value Militia Force or Self Defense Forces (2006)
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