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GDP per capita development in Vietnam. The economy of Vietnam is a developing mixed socialist-oriented market economy. [3] It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a upper-middle income country with a low cost of living.
Hanoi is a landlocked municipality in the northern region of Vietnam, situated in Vietnam's Red River delta, nearly 90 km (56 mi) from the coast. Hanoi contains three basic kinds of terrain, which are the delta area, the midland area and the mountainous zone.