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SURVEY

Competitive Advantages / Natural Resources

 Land resource

Vietnam has diverse land resources a with 32 square kilometers total area of land, 70% of which, equaling to 21 billion hectares is basalt soil of high fertility, suitable for many industrial crops such as rubber, coffee, cocoa, pepper, fruit-tree as well as for specialty crops such as tea, cinnamon tree, anise. Alluvial deposits accounts for 20% of the total area, most of which is fertile farmland suitable for rice growing. Vietnam’s natural conditions enable it to grow industrial crops for export and simultaneously guarantee food security.

 

Water resources

 

Located in the tropical zone, Vietnam has enormous surface water volume of about 835 000 million m3 per year, most of which gathers in the Mekong River Delta. Groundwater resources abundant with the total potential exploitable reserves of 3.3 billion m3 per year are unevenly distributed. The prosperous hydraulic power capacity is estimated at about 270 billion kWh, in which economic capacity accounted for 50-60 kWh , corresponding to 12-15 million installed capacity and more than 50% of which gather in the Red River system, 15% in Dong Nai river system, 30% in the Central and the Central Highlands region. This could be the basic for development of hydropower industry. 

 

Mineral resources


Vietnam is a country having diversified and plentiful mineral resources. Among the fuel-power resources, oil and gas reserves which are allocated in all sediment surface throughout the nation from Red River, Phu Khanh, Mekong River, South Con Son, Malay- Tho Chu, Tu Chinh-Vung May to Hoang Sa, Truong Sa islands group, occupies 10 billion tons with an estimated exploratory reserves of 4-5 billion tons of oil. Coal reserves are estimated at 220 billion tons, 10 billion tons of which are located in the Northeast coal basin – under exploration (antraxit: 75%, brown coal: 25%) and 210 billion tons in the 100-3500 meter-deep Red River Delta coal basin covering an area of 3500 kilometers square.

Almost all types of metal minerals have been found in Vietnam and most of them have great industrial- scale exploitation capacity. The most remarkable are iron ore which are mostly located in the Northern mountainous and Central region with reserves of 1.8 billion tons, exploratory reserves of 1 billion tons, bauxite found mainly in the Central Highlands with reserves of 6.6 billion tons, exploratory reserves of 4 billion tons and approximately 1 billion tons of titanium. Some other metal minerals with relatively small reserves such as chromites, manganese, cooper, tin, lead, zinc, gold, etc are also known in Vietnam. Also, it has a great non-metallic potential such as apatite with reserves of 2 billion tons located in Lao Cai province, limestone, china clay, and precious stone, etc.

Forest resources

Vietnam’s current total area of forest of is more than 12 million hectares with the coverage ratio at 35%. They are mostly located in the Central Highlands, North Central region with various species and distribution forms. Wood reserves are estimated at about 600 million cubic meters with plentiful precious species such as peg, ironwood, parashorea stellata and some kinds of wood for furniture making include ebony, sindora, barian kingwood, dalbergia odorifera, pterocarpus indicus, etc. It is estimated that Vietnam possesses about 1300 species of valuable medical plants having great economic value such as aloe wood, cinnamon tree, mallotus philippinensis, etc. Vietnam also has a high level of biodiversity with nearly 15 thousands species of more than 300 families and more than 11 thousands species of animal.

Nautical resources

Viet Nam’s territorial waters cover 1 millions square kilometers in area, which offers great seafood potential with exploratory capability of 1.5-2 million per year. In addition, the continental shelf is abundant in petrol and gas complex. A 3260 km-long-coastline together with 100,000 gulfs and swamps provide Vietnam with favorable conditions for seafood farming. With more than 100 estuaries, deep bays and convenient location, Vietnam has an advantage of developing waterway navigation in particular and the whole economy in general.

Tourism resources

A coastline of 3260 km length and more than 3000 islands of all size enable Vietnam to develop tourism industry. Along the coastline located lots of cities suitable for tourism development from those in the North such as Tra Co, Do Son, Sam Son, Cua Lo, Lang Co, to those in the Central region such as Da Nang, Nha Trang, Phan Thiet, Vung Tau and to those in the South like Con Dao, Phu Quoc etc., among which Ha Long Bay has been recognized as the world’s natural heritage site. Da Nang, Nha Trang, Phan Thiet are all among the world’s most beautiful beaches, especially Phu Quoc is one of few primitve island that has yet been explored.

Midland and mountainous region which account for third quarters of Vietnam’s areas vary in topographical relief, latitude, elevation and form facilitating different types of tourism. Tropical forests with high level biodiversity along with a maze of rivers and canals make up typical and unique resources for tourism. There are 10 national parks, nearly 70 natural reserves, 21 natural and historical reserves areas and plenty of well-known tourist attraction sites including Phong Nha-Ke Bang National Park – the world natural heritage site, Sapa and Fan Si Pang - the highest peak in Vietnam, Ba Be lake, Tam Dao, Da Lat, Mekong River Delta, etc.

Humanism, cultural, historical values together with political and economic achievements definitely affect the tourism development of a region or a nation. Being one of the cradles of wet-rice culture, thousand-year history of defense against foreign enemies, diverse culture of 54 ethics groups, well-known cultural and architectural heritage sites such as Hue, Hoi An, My Son, Thang Long-Ha Noi and masterpieces of the oral and intangible heritage of humanity such as “nha nhac” (or Vietnamese court music) and the space of Gong culture in the Central Higlands of Vietnam are all Vietnam’s valuable tourism resources.

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