International Trade in Vietnam

International Trade in Vietnam

After adopting a major reform plan (Doi Moi) in 1986, Vietnam experienced a period of  strong growth.  From 2004 to 2007, the annual GDP growth surpassed 8%, then, it slowed down to 3.5% in 2008. Vietnamese growth is sustained by international trade and foreign investments, with exports... Read more

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Market Analyses About Vietnam (294)

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Overview About International Trade in Vietnam

Main Industry Sectors

The declining agricultural sector is dominated by cultivation and plantations (rice, coffee, cashew nuts, corn, pepper, sweet potatoes, peanuts, cotton, rubber and tea), and aquaculture. However, it is the sector that employs the biggest part of the population.

Industry is the main driver of growth in the Vietnamese economy. The sector is still dominated by large public groups. The country's main industries are textile, food industry, furniture industry, plastics and paper industries. The energy sector is in full-growth since several years ago (coal, hydrocarbons, electricity, cement, steel and naval industry). Even though it is the "new comer" in the oil industry, today Vietnam is the third biggest Southeast Asian producer. The country has also invested into high value-added industries such as cars, electronic and computer technologies (software).

The services sector is sustained by tourism and telecommunications.  These profitable sectors should strongly contribute to the economic health of the country in the next following years.

 

Economic Overview

After adopting a major reform plan (Doi Moi) in 1986, Vietnam experienced a period of  strong growth.  From 2004 to

News Related to International Trade in Vietnam

  • Cosco Shipping Vessel Damaged in Vietnam Collision - Aug 28, 2019

    CSCL Jupiter's sailing schedule delayed for a week after it suffered hull damage in the collision. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

    Source: World Maritime News

  • Vietnam Seeking To Collect More Tax Debts This Year - Aug 23, 2019

    Vietnamese tax officials are undertaking a nationwide push to collect tax debts, with the General Department of Taxation stating that arrears at the end of July 2019 were down 5.7 percent on last year.

    Source: Tax-News.com

  • Mainstream Renewable Power to develop 940MW of wind energy projects in Vietnam - Aug 02, 2019

    Global wind and solar developer, Mainstream Renewable Power will develop, build and operate, together with local and international developers, three wind projects in Vietnam with a combined capacity of approximately 940MW.

    Source: Renewable Energy Focus