Vietnam officially the Socialist Republic of Vietnam is the easternmost country on the Indochina Peninsula in Southeast Asia. With an estimated 90.5 million inhabitants as of 2014, it is the world's 14th-most-populous country, and the eighth-most-populous Asian country. The name Vietnam translates as "Southern Viet" (synonymous with the much older term Nam Viet); it was first officially adopted in 1802 by Emperor Gia Long, and was adopted again in 1945 with the founding of the Democratic Republic of Vietnam under Ho Chi Minh. The country is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and Malaysia across the South China Sea to the southeast.[e] Its capital city has been Hanoi since the reunification of North and South Vietnam in 1975.
Vietnam was part of Imperial China for over a millennium, from 111 BC to AD 939. The Vietnamese became independent in 939, following the Vietnamese victory in the Battle of Bạch Đằng River. Successive Vietnamese royal dynasties flourished as the nation expanded geographically and politically into Southeast Asia, until the Indochina Peninsula was colonized by the French in the mid-19th century. Following a Japanese occupation in the 1940s, the Vietnamese fought French rule in the First Indochina War, eventually expelling the French in 1954. Thereafter, Vietnam was divided politically into two rival states, North and South Vietnam. Conflict between the two sides intensified, with heavy intervention from the United States, in what is known as the Vietnam War. The war ended with a North Vietnamese victory in 1975.
Vietnam is a growing apparel exporting country . It is already the fourth largest exporter of apparel after China, Bangladesh and Hong Kong. With the country likely to benefit from TPP and FREE TRADE agreements with EU , once they are signed, it is already the focus of many apparel companies around the world. The country is very optimistic about its potential of growth in the coming years :
“Viet Nam has around 4,000 garment factories employing about 2.5 million workers. Garments and textiles are one of the core benefits for us with the TPP agreement,” says Deputy MoIT Minister Tran Quoc Khanh.
Increasing approximately at 19 per cent compared to 2013, Vietnam’s textile and garment exports have crossed US$ 24 billion in 2014 says the largest textile group in Vietnam – Vietnam National Textile and Garment Group (Vinatex) . Denim is a growing segment of apparel sourced from Vietnam and is likely to witness significant growth in coming years.Vietnam was then unified under a communist government but remained impoverished and politically isolated. In 1986, the government initiated a series of economic and political reforms which began Vietnam's path towards integration into the world economy. By 2000, it had established diplomatic relations with all nations. Since 2000, Vietnam's economic growth rate has been among the highest in the world, and, in 2011, it had the highest Global Growth Generators Index among 11 major economies. Its successful economic reforms resulted in its joining the World Trade Organization in 2007.