vietnam trade growth

Additional trade deals with the EU and other countries, as well as further ASEAN integration, are also set to help boost Vietnam’s economy. Dezan Shira & Associates´ brochure offers a comprehensive overview of the services provided by the firm. Total imports recorded 22.7 USD Billion in Aug 2020, which is registered an increase of 12.6% year on year. Today, supply chain shif... An Introduction to Doing Business in Vietnam 2020 will provide readers with an overview of the fundamentals of... Dezan Shira & Associates helps Samsung is Vietnam’s largest exporter and has helped the country achieve a trade surplus for the primary time in several years. Your email address will not be published. Our Analytics team is able to provide complete, unified, and quality data of Suppliers and Buyers across the globe based on statistical parameters e.g. In the latest report, Vietnam’s total exports recorded 26.7 USD Billion in Aug 2020. The following product groups represent the highest dollar value in Vietnam’s import purchases during 2019. This resulted in a trade surplus of US$16.52 billion, slightly lower than the estimated figure of US$16.99 billion of the General Statistics Office for the January – September period. By using this site, you agree to the Terms of Service and Privacy Policy, 81/10B Ho Van Hue Street - Ward 9 – Phu Nhuan District – HCMC - Vietnam * T: (84.8) 3848 7238 * F: (84.8) 3848 7237 * E: >>>. The country owes its improving strength in trade readiness to infrastructure enhancements and improvements to its ease of doing business score, while its … China with a share of 15.6% (41 billion US$), Japan with a share of 7.71% (20 billion US$), Korea with a share of 7.45% (19.7 billion US$), Hong Kong with a share of 2.7% (7.16 billion US$), Netherlands with a share of 2.6% (6.88 billion US$), India with a share of 2.52% (6.67 billion US$), Germany with a share of 2.47% (6.56 billion US$), United Kingdom with a share of 2.17% (5.76 billion US$), Thailand with a share of 1.9% (5.05 billion US$). Vietnam’s trade balance recorded a surplus of 3.0 USD billion in Sep 2020. Overall, global trade is expected to fall by about 7% in 2020 under the assumption that the trend observed in the third quarter continues into the final one of the year. Anything from Nike sportswear to Samsung smartphones is manufactured in this ASEAN nation. Stay Ahead of the curve in Emerging Asia. In a recent report released by the bank HSBC, it has been revealed that Vietnam will see strong export growth through the year 2030. Notify me of follow-up comments by email. Vietnam’s total exports expanded 16.6% YoY in Sep 2020, Compared with an increase of 7.1% YoY in the previous month. License No. This trend is even more evident for the month of July. Upon breaking down, the export grossed US$202.57 billion during the period, up 4.1% year-on-year, while imports reached US$186.05 billion, down 0.7%.

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