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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]
In April 1995, the Vietnam National Textile and Garment Corporation, the predecessor of today's Vinatex Group, was established. [5] [6] Vinatex was formed by merging enterprises under the Vietnam Textile Corporation and the Garment Production-Import Export Union.
GDP per capita development in Vietnam. The economy of Vietnam is a developing mixed socialist-oriented market economy. [3] It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living.
To skip the details about global imports and exports, go directly to the 5 Biggest Import-Export Companies in the World. International trade is one of the driving factors of the global economy.
It includes information on the top exporting countries for various product categories and shows the market leaders in different export markets. The individual product categories are based on a bundling of products related in type or production method ( Harmonized System ).
Exports of goods and services (US$ million) by country [1] Country Exports Year Top goods export (2021) [2] [needs update] China: 3,511,248 2023 Broadcasting equipment United States: 3,051,824 2023 Petroleum Germany: 2,104,251 2023 Cars United Kingdom: 1,074,781 2023 Gold France: 1,051,679 2023 Packaged medications Netherlands: 949,983 2023 ...
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.
This is a list of countries by trade-to-GDP ratio, i.e. the sum of exports and imports of goods and services, divided by gross domestic product, expressed as a percentage, based on the data published by World Bank. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.