What is Vietnam’s main export?

Vietnam main exports are: telephones, mobile phones and parts thereof (21 percent of total shipments) and textiles (12 percent). Others include: computers and electrical products (12 percent); shoes and footwear (7 percent) and machinery, instruments and accessories (6 percent).

What are Vietnam major exports?

As of 2017, Vietnam is the largest ASEAN supplier to the U.S. with a net export value of US$48.43 billion.

Industry Snapshots.

Top Exports Export Value (2017)
Phones US $45.1 billion
Textiles US $25.9 billion
Electronic goods/Computers US $25.9 billion
Footwear US $14.6 billion

What is the main industry in Vietnam?

Main Sectors of Industry

Vietnam’s economy is based on large state-owned industries such as textiles, food, furniture, plastics and paper as well as tourism and telecommunications. Agriculture represented 14% of GDP and employs 36% of the total workforce in 2020 (World Bank).

What are Vietnam’s main imports?

Vietnam main imports are computers, electrical products and parts (18 percent of total imports) and machine, instruments and accessories (16 percent). Others include: telephones, mobile phones and parts thereof (8 percent); textile fabrics (5 percent) and iron and steel (4 percent).

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What food does Vietnam Export?

Vietnam is a major producer and exporter of rice, coffee, fishery products, and processed cashew products. In 2019, Vietnam’s agricultural exports of the top ten agricultural products reached $35.9 billion, equivalent to 13.6 percent of total exports (Vietnam General Statistics Office- GSO).

Why is Vietnam so poor?

The majority of the poor are farmers. In 1998 almost 80 percent of the poor worked in agriculture. The majority of the poor live in rural, isolated, mountainous or disaster prone areas, where physical infrastructure and public service are relatively undeveloped. The poor often lack production means and cultivated land.

What is the main source of income in Vietnam?

The majority of Vietnam’s export revenues are generated by crude petroleum, garments, footwear, and seafood, and electronic products are of growing importance.

What are the main jobs in Vietnam?

The top 5 currently highest paid jobs in Vietnam

  1. Finance/Investment. Finance and investment were the fields that have the highest salary according to the report of VietnamWorks 2019. …
  2. Banking. …
  3. Programmer and Information Technology Industry. …
  4. Construction engineer. …
  5. Marketing.

What is the best business to start in Vietnam?

Top 10 business investment opportunities in Vietnam for SME

  1. Furniture Making and Remodeling.
  2. Garment and Textile Products.
  3. Construction and building Materials.
  4. Detergents and cosmetics.
  5. Agricultural Products Processing.
  6. Exportation.
  7. Real Estate.
  8. Restaurant and Bar.

Is Vietnam still communist?

Government of Vietnam

The Socialist Republic of Vietnam is a one-party state. A new state constitution was approved in April 1992, replacing the 1975 version. The central role of the Communist Party was reasserted in all organs of government, politics and society.

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Does America trade with Vietnam?

U.S.-Vietnam bilateral trade has grown from $451 million in 1995 to over $90 billion in 2020. U.S. goods exports to Vietnam were worth over $10 billion in 2020, and U.S. goods imports in 2020 were worth $79.6 billion. U.S. investment in Vietnam was $2.6 billion in 2019.

What are the top 3 exports of Vietnam?

U.S. goods exports to Vietnam in 2019 were $10.9 billion, up 12.2% ($1.2 billion) from 2018 and up 250.7% from 2009. The top export categories (2-digit HS) in 2019 were: electrical machinery ($1.7 billion), cotton ($1.5 billion), aircraft ($787 million), plastics ($772 million), and machinery ($476 million).

Who is the most famous Vietnamese person?

Famous people from Vietnam

  • Hô Chi Minh. If we could name only one personality who made Vietnam what it is today, it would be “Uncle Ho”. …
  • Nguyen Huy Thiep and the Vietnamese literary renaissance. …
  • Tran Anh Hung (Director) …
  • Ngo Viet Thu (Architect) …
  • Nguyen Minh Triet (President) …
  • Marguerite Duras.

What foods does Vietnam import?

Meat products: Vietnam’s consumption of meat has risen over the last decade in line with the growing middle-class. The country’s booming hotel, restaurant, and industry sectors continue to drive up the demand for imported beef, pork, poultry, and seafood.

Notes from the road