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Update news vietnam export
The overall exports pattern of Vietnam portrays its similarities with export-led growth model of Mexico, which has turned itself into export production platforms for foreign multinationals, rather than developing own indigenous industrial capacity.
Halal food is a promising export product for Vietnamese companies to pursue though they may face challenges.
China is now not only Vietnam’s largest trade partner but also its largest foreign investor as it poured US$723.1 million into the country in the first quarter of the year, according to the General Statistics Office.
Vietnam’s export turnover in 2015 is estimated at 162.4 billion USD, representing a year-on-year increase of 8.1 percent, the lowest pace over the past five years.
Vietnam remains to be in top five of the world’s largest apparel exporters by raking in 28 billion USD from shipping garment products to foreign countries in 2015.
Vietnam’s exports are expected to grow by 10.1 per cent from 2021 to 2030, largely unchanged from the growth anticipated for 2015 to 2020, according to HSBC’s Trade Forecast Report released on December 9.