Chittagong isn't a village, it's considered a city and not a village worldwide. I don't really know what the name chittagong means but does have commercial relationships with Myanmar as there is a highway being constructed from Yangon to this city. I don't really know what the cheif industry is but Chittagong contains Bangladesh's chief port which handles about 80% of all trade passing into Bangladesh. Making it a commercial hub. Chittagong's current GDP is 16 billion USD and by 2020 it will be 39 billion USD however these figures are quite old and some even speculate the GDP to be 75 billion USD in the near future.what a big village!