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Vietnam's foreign trade has been growing fast since state controls were relaxed in the 1990s. The country imports machinery, refined petroleum, and steel; it exports crude oil, textiles and garments, and footwear. The balance of trade has in the past been positive but recent statistics (2004) showed that it was negative.
The U.S. and Vietnam also came to a Trade and Investment Framework Agreement (TIFA) in 2007. [5] Vietnam was recently the United States' 26th largest goods imports partner with $17.5 billion in 2011, [6] and was the 45th largest goods export market with $3.7 billion in 2010. [5]
Vietnam, although a relatively young and small nation, has successfully established trade relations with dozens of countries worldwide. This is especially evident in the number of free trade agreements (FTAs) that the country has signed and is participating in. Being part of the Association of Southeast Asian Nations (ASEAN), economic opportunities for Vietnam expands beyond bilateral trade ...
Vietnam: 8,341 3 Germany: 3,082 4 United States: 2,976 5 Hong Kong: 2,964 Sound recording or sound reproducing apparatus (8519) 3,764 1 China: 1,616 2 Netherlands: 448 3 Vietnam: 312 4 Germany: 183 5 United States: 137 Video recording or reproducing apparatus, whether or not incorporating a video tuner (excl. video camera recorders) (8521) 4,283 1
HANOI (Reuters) -Vietnam's Prime Minister Pham Minh Chinh on Wednesday urged the United States to lift export restrictions on some technology and said the country wanted to develop satellite ...
An estimated 86 percent of Vietnam’s export merchandise came from the manufacturing sector in 2022, compared to just 49 percent in 2002. These exports have increased in value too. In 2002, Vietnam exported goods and services to the tune of US$19.19 billion. In 2022, that number had climbed to US$384.22 billion. [2]
Electronics and electronics parts, textiles and garments, computers and computer parts are the three main export groups of Vietnam. The United States continued to be Vietnam's largest export market, with US$28.5 billion. The EU is second with US$27.9 billion, ASEAN is third, China is fourth and Japan is the fifth largest export market of Vietnam.
The trade of agricultural products has been liberalized internally and externally. [7] Since then, Vietnam changed dramatically from a country heavily affected by hunger after the war to become one of the largest food exporters in the world. [8] At the beginning of the 1980s, Vietnam turned from an importer to a net exporter of agricultural ...