Vietnam’s government is keen to transform the country into amanufacturing giant. In the long run, Vietnam’s development heavily relies on foreign investment and overseas markets. Foreign companies in Vietnam take up 70% of its foreign trade. As much as 25% of Vietnam’s total exports are...
Notably, manufactured goods, mainly electronics and textiles, have supplanted bulk agricultural products as the biggest component of Vietnam’s exports. Samsung, for example, now produces 60 percent of its smartphones in Vietnam. In Q1, the country sold about a third more textiles and apparel in...
These amounts and the percentage gain(s) within parenthesis clearly show where the strongest demand lies for different types of imported plastics and plastic articles among Vietnamese businesses and consumers. Vietnam’s Top Exports of Mineral Fuels In 2023, Vietnamese importers spent the most on...
Samsung is said to be sourcing production of its latest top end phone, the Galaxy S20, from Vietnam. Samsung is the single largest foreign investor in Vietnam, with investments totalling $17 billion. Samsung accounts for 28% of Vietnam’s GDP. Last year, Vietnam’s exports of smartphone...
Share of phones and phone parts exports in total exports in Vietnam Number of electronics stores in Vietnam Number of IT device stores in Vietnam Consumer perspective Ownership rate of TVs among rural population in Vietnam Ownership rate of smartphones among urban population in Vietnam ...
Vietnam exports Restaurant-Equipment to over 29 countries globally, with Vietnam, Mexico, and Malaysia standing as the principal importers. Collectively, these three countries consume 57% of all Restaurant Equipment exports globally. Vietnam stands at the forefront, importing 64 shipments, which transl...
Referring to them as “repressive communist dictatorships,” Trump signalled a possible rift between the two, noting Vietnam’s relatively restrained response to U.S. tariffs, while China has escalated tensions by increasing tariffs and restricting exports of rare earth minerals. ...
Major exports include oil, marine products, rubber, tea, garments, and footwear. The country is one of the world's largest exporters of coffee and rice. It sells most of its rice to African nations. Its largest trading partners for other commodities include Japan, China, Singapore, Australia...
Both IMF and World Bank have revised down their forecasts for GDP growth of Vietnam. However the Asia Development Bank (ADB) is more optimistic, pointing to doubling of foreign currency reserves and rapid increases in exports. Any comment?
The sector is expected to show further growth due to strong exports and a strong domestic demand. The Free Trade Agreement between the EU and Vietnam, which will go into effect as of next year, will give an additional boost to the sector. ...