Previous Article « Positive Results for European Chamber’s Vietnam Business Climate Index (BCI), Next Article State By State: Vietnam and Wisconsin Trade ». Once implemented, tariffs will be removed on almost US$2 trillion in goods and services exchanged between the signatory countries. Your email address will not be published. Second, it has complemented external liberalization with domestic reforms through deregulation and sinking the value of doing business. subscribing to our complimentary update service, Import and Export: A Guide to Trade in Vietnam, Developing Your Sourcing Strategy for Vietnam, Positive Results for European Chamber’s Vietnam Business Climate Index (BCI), State By State: Vietnam and Wisconsin Trade, Dezan Shira & Associates' Service Brochure, Representative Office in Vietnam: Procedures and Compliances for Setting Up and Dissolution, Assessing Vietnam’s Economic Prospects for Foreign Investors After COVID-19, Tax, Accounting, and Audit in Vietnam 2020, An Introduction to Doing Business in Vietnam 2020, Vietnam to See Strong Trade Growth through 2030. We Tradeimex, provide the most precise facts and figures along with shipment particulars of goods suppliers in the country are being enclosed in our Vietnam Export Data and Vietnam Import Data across all the products. BWS: ​17/11/2020, First trading day of additional trading ... SRA: Notice of record date for Annual General Meeting of ... FSO: Signing a contract with auditor for fiscal year 2020. The following product groups represent the highest dollar value in Vietnam’s import purchases during 2019. Using Vietnam’s Free Trade & Double Tax Agreements In this issue of Vietnam Briefing we explore how Vietnam’s Free Trade Agreements – and especially those via its membership in ASEAN – will affect foreign investment into Vietnam. In the latest report, Vietnam’s total exports recorded 26.7 USD Billion in Aug 2020. These three countries will be Vietnam’s fastest growing export destinations, at a rate of at least 14 percent per year, through the year 2030. Between January and August, with a turnover of 46.7 billion US dollars, the United States remained Vietnam's largest importer, followed by China with 27 billion US dollars and the European Union with 22.9 billion US dollars, according to the bureau. Thus, Vietnam has much to gain from the implementation of the trade agreement, including drastically reduced tariffs in some of the world’s largest markets. Vietnam's gross domestic product grew by 6.88 percent year-on-year in the third quarter of 2018, compared with a 7.46 percent growth in the same period of the previous year. Vietnam records world’s highest trade growth in Q3: UNCTAD Vietnam was among a handful of economies that has brought the spread of Covid-19 under control early on. Required fields are marked *. VIX: Change in shareholding of principal shareholder (Red ... RCC: RCC stock was removed from trading restriction, KDC: KDC receives a certificate for stock offering, GVR: Decision on the beginning price of divestment, CTI: Report on bond interest & principal payment, V12: Board Resolution on the 2019 Dividend Payment, QTP: Board Resolution on the 2019 Dividend Payment, VTV: Board Resolution on the 2019 Dividend Payment, HNX: Trading results of corporate bonds on 09/11/2020, MVN: Financial statement quarter 3/2020 (consolidated), HNX: Trading results of corporate bonds on 10/11/2020, Energy, utilities, retail keep market steady, SEA: Financial Statement Q3/2020 (Consolidated), HNX: Trading results of corporate bonds on 11/11/2020, The Icon - new taste of Vietnamese investors, Switching listing helps banks boost stock value, Businesses prefer safe bank deposits in current scenario, Vietnam looks to kick-start rejuvenation of M&A deals. Taking into account the economies across South –East Asia, The Socialist Republic of Vietnam which is a one-party communist state is considered one of the rapidly progressing economies markets and rightly concentrates its effort on becoming a developed nation by 2020. Post was not sent - check your email addresses! Upon breaking down, the export grossed US$202.57 billion during the period, up 4.1% year-on-year, while imports reached US$186.05 billion, down 0.7%. Vietnam’s trade balance recorded a surplus of 3.0 USD billion in Sep 2020. By using this site, you agree to the Terms of Service and Privacy Policy, 81/10B Ho Van Hue Street - Ward 9 – Phu Nhuan District – HCMC - Vietnam * T: (84.8) 3848 7238 * F: (84.8) 3848 7237 * E: info@vietstock.vn >>>. We cordially request you to have a quick glance through the sample shared beneath to comprehend the design and layout of our enumerated data for Vietnam Export and Import. HCMC – Vietnam’s strategic geographic location, low wages, and beneficial trade deals are set to make the country an increasingly important export destination both in Asia and throughout the world. Our Analytics team is able to provide complete, unified, and quality data of Suppliers and Buyers across the globe based on statistical parameters e.g. Today, Viet Nam is one of the star celebrities of the rising markets universe. Stay up to date with the latest business and investment trends in Asia by subscribing to our complimentary update service featuring news, commentary and regulatory insight. License No. Facts behind Vietnam’s growth - According to analysts from the World Bank and also the Think Tank Brookings, Viet Nam’s economic rise may be explained by 3 main factors: “First, it has incorporated trade relaxation with gusto. Amid a generalized downtrend in the third quarter, Vietnam posted the highest trade growth globally during the period at 10.9% year-on-year, according to the United Nations Conference on Trade and Development (UNCTAD)’s new Global Trade Update report. Shipping date, HS code, description, exporter name, exporter address, importer name importer address, fob value, quantity, ports, etc. In a recent report released by the bank HSBC, it has been revealed that Vietnam will see strong export growth through the year 2030. Chief among these is the country’s close location to some of the fastest growing economies in Asia, such as China, India, and Malaysia. An additional reason for the optimism about Vietnam is the Trans-Pacific Partnership (TPP), a US-led trade agreement involving 12 countries. HSBC expects that clothing and apparel will also continue to be among the main drivers of Vietnam’s growth – contributing almost 20 percent of the projected export growth through 2030. 29th, 2011 by HCMC Department of Information and Communications. On the contrary, other major economies are still suffering from large number of infections and an inability to kick-start their trade, with exports from Japan, the US and the EU shrinking by between 11.6 and 9.7% year on year in the third quarter, according to the UNCTAD report. Your email address will not be published. Samsung is Vietnam’s largest exporter and has helped the country achieve a trade surplus for the primary time in several years. China with a share of 15.6% (41 billion US$), Japan with a share of 7.71% (20 billion US$), Korea with a share of 7.45% (19.7 billion US$), Hong Kong with a share of 2.7% (7.16 billion US$), Netherlands with a share of 2.6% (6.88 billion US$), India with a share of 2.52% (6.67 billion US$), Germany with a share of 2.47% (6.56 billion US$), United Kingdom with a share of 2.17% (5.76 billion US$), Thailand with a share of 1.9% (5.05 billion US$). Its economic growth of 6-7% rivals China, and its exports are price the maximum amount because of the total value of its GDP. We aim to cover the finest analysis of Vietnam’s economic market and across all the products via our export-import statistical report that does even have company names for a broader view. Exports in Vietnam accumulated to. HCMC – Vietnam’s strategic geographic location, low wages, and beneficial trade deals are set to make the country an increasingly important export destination both in Asia and throughout the world. The economy of Vietnam depends on huge state-claimed enterprises, such as materials, food, furniture, plastics, and paper, as well as the travel and broadcasting industries. According to HSBC’s predictions, China and South Korea will remain Vietnam’s largest import partners. Vietnam’s Rapid Growth in Trade Updated: Oct 28 Taking into account the economies across South –East Asia, The Socialist Republic of Vietnam which is a one-party communist state is considered one of the rapidly progressing economies markets and rightly … Vietnam’s trade balance recorded a surplus of 3.0 USD billion in Sep 2020. Also shown is the percentage share each product category represents in terms of overall imports into Vietnam. Export sales amounted to more than US$ 174.1 billion, and during the eight-month period import turnovers hit more than US$ 162.2 billion. Today, supply chain shif... An Introduction to Doing Business in Vietnam 2020 will provide readers with an overview of the fundamentals of... Dezan Shira & Associates helps Copyright © Vietstock. Save my name, email, and website in this browser for the next time I comment. Top trading partners (import sources) of Vietnam in 2019: China with a share of 29% (75 billion US$), Korea with a share of 18.5% (46 billion US$), Japan with a share of 7.7% (19.5 billion US$), Other Asia, nes with a share of 5.98% (15.1 billion US$), USA with a share of 5.67% (14.3 billion US$), Thailand with a share of 4.6% (11.6 billion US$), Malaysia with a share of 2.87% (7.28 billion US$), Indonesia with a share of 2.25% (5.7 billion US$), India with a share of 1.78% (4.51 billion US$), Australia with a share of 1.76% (4.47 billion US$), Vietnam’s total exports expanded 16.6% YoY in Sep 2020, Compared with an increase of 7.1% YoY in the previous month. Shipping date, HS code, description, exporter name, exporter address, importer name importer address, fob value, quantity, ports, etc. Developing Your Sourcing Strategy for Vietnam In this issue of Vietnam Briefing Magazine, we outline the various sourcing models available for foreign investors – representative offices, service companies and trading companies – and discuss how to decide which structure best suits the sourcing needs of your business. #tradeimex #CustomsData #TradeData #ShipmentData #VietnamExportData #VietnamImportData #VietnamCustomsdata #VietnamTradeData #VietnamDatabyHSCode #VietnamShipmentData #VietnamCustoms #VietnamStatistics #bilateralTrade #Vietnameconomy, © 2018-2020 by TradeImeX® India. businesses establish, maintain, We also attempt to give perspective on what will be Vietnam’s place in the Association of Southeast Asian Nations (ASEAN) in 2015, and look at some of the country’s key import and export regulations. Anything from Nike sportswear to Samsung smartphones is manufactured in this ASEAN nation. Upon completion, the TPP trade area would comprise a region with US$28 trillion in economic output, making up around 39 percent of the world’s total output. Vietnam has emerged as a vital electronics exporter, with electrical and electronic merchandise overtaking coffee, textiles, and rice to become the country’s prime export item. Major trading partners: Vietnam exports mostly to China, United States, Japan, South Korea, and Germany, and imports mostly from China, South Korea, Japan, Thailand, and Singapore. Anything from Nike sportswear to Samsung smartphones is manufactured in this ASEAN nation. Total imports recorded 22.7 USD Billion in Aug 2020, which is registered an increase of 12.6% year on year. Additional trade deals with the EU and other countries, as well as further ASEAN integration, are also set to help boost Vietnam’s economy.