Search results
Results from the WOW.Com Content Network
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]
Today, this port network is the hub for the export and import of goods in south Vietnam – the economic hub of the nation, which accounts for more than two-thirds of Vietnam's economy, and the Mekong delta farming as one of the more productive in the world, and the main producer of cereals (rice) and shrimp in Vietnam.
Manufacturing, information technology and high-tech industries now form a large and fast-growing part of the national economy. Though Vietnam is a relative newcomer to the oil industry , it is currently the third-largest oil producer in Southeast Asia, with a total 2011 output of 318,000 barrels per day (50,600 m 3 /d). [ 1 ]
HANOI (Reuters) -Typhoon Yagi caused severe damage to many factories and flooded warehouses in northern Vietnam's export-oriented industrial hubs, with some shuttered plants expected to need weeks ...
Shipbuilding Industry Corporation (SBIC) is a state-owned shipbuilding holding group in Vietnam, which offers a wide variety of new building choice from merchant vessel to platform supply vessel to other custom made-to-order ships. It was established based on restructured Vietnam Shipbuilding Industry Group.
Vung Tau Port is a group of seaports, one of the sea transport hubs of Vietnam. Vung Tau Port is located in Bà Rịa–Vũng Tàu province, Southeast region, Vietnam. Vung Tau port includes the following component ports: Cai Mep - Thi Vai Port, Sao Mai-Ben Dinh: This is the main port for container transport.
These disruptions cascaded into the global shipping industry where ports like the Port of Los Angeles, a major hub for imports from Asia, are unable to clear their shipyards in a timely fashion, further exacerbating the supply chain crisis. This has led to suggestions that stockpiles and diversification of suppliers should be more heavily focused.
Over the past 30 years, Vietnam has signed numerous trade agreements with different partners, promoting the country as one of the main manufacturing hubs in the world. In 1995, Vietnam joined the ASEAN community. In 2000, it signed a free trade agreement with the United States, to be followed by admission to the World Trade Organisation in 2007.