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Vietnamese handicrafts from rattan and bamboo have the potential to account for up to 10–15% of the global market share. [12] On the other hand, some countries such as Thailand, Taiwan, India, Russia, Chile, and Norway are gradually becoming new potential markets, opening up many opportunities for the Vietnamese rattan and bamboo industry. [13]
In 2010, Vietnam was ranked as the 8th largest crude petroleum producers in the Asia and Pacific region. [2] Like its Chinese neighbours, Vietnam continues to make use of centrally planned economic five-year plans. For further information on the types of business entities in this country and their abbreviations, see "Business entities in Vietnam".
Vietnam Chamber of Commerce and Industry (VCCI) is a national organization which assembles and represents business community, employers and business associations of all economic sectors in Vietnam. The promotion of trade and business relations with enterprises abroad is one of its main functions. [ 1 ]
Vietnamese conglomerate Vingroup said on Tuesday it had signed a memorandum of understanding with private equity fund JTA Investment Qatar to explore a potential investment of at least $1 billion ...
Trung Nguyên is a Vietnamese business group involved in the production, processing and distribution of coffee.The firm was founded in 1996 in Buôn Ma Thuột, Đắk Lắk Province by Dang Le Nguyen Vu and Le Hoang Diep Thao [1] upon realizing the potential and opportunities for the development of the coffee industry in opening Vietnam’s economy. [2]
Vietnam had an average growth in GDP of 7.1% per year from 2000 to 2004. The GDP growth was 8.4% in 2005, the second largest growth in Asia, trailing only China's. Government figures of GDP growth in 2006, was 8.17%. According to Vietnam's Minister of Planning and Investment, the government targets a GDP growth of around 8.5% for 2007.
In the early 1980s, for example, announcement of the Third Five-Year Plan was delayed until the Fifth National Party Congress of March 1982 while Vietnam waited for the Soviet Union to confirm its aid commitment. Similarly, Vietnam in the mid-1980s endured first reduction, then elimination of Soviet price subsidies for purchases of Soviet oil.
Until the French colonization in the mid-19th century, Vietnam's economy had been mostly agrarian, subsistence-based and village-oriented. French colonizers, however, deliberately developed the regions differently as the French needed raw materials and a market for French manufactured goods, designating the South for agricultural production as it was better suited for agriculture, and the ...