The most common import partners for Vietnam are China ($91.1B), South Korea ($47.8B), Japan ($16.3B), Thailand ($11.8B), and Chinese Taipei ($11.4B).
What does Vietnam import the most?
As of 2017, Vietnam is the largest ASEAN supplier to the U.S. with a net export value of US$48.43 billion.
|Top Imports||Import Value (2017)|
|Electronic goods/Computers||US $37.5 billion|
|Machinery||US $33.6 billion|
|Phones||US $16.2 billion|
|Fabrics||US $11.4 billion|
Who does Vietnam trade with the most?
China is Vietnam’s leading trading partner with a total import and export value of US$106.7 billion, making up 22.2% the country’s total imports and exports. Nine ASEAN member states with US$56.3 billion (making up 11.7%) and the European Union with US$55.8 billion (accounting for 11.6 %).
What is Vietnam’s number one export?
At the more granular four-digit Harmonized Tariff System code level, phone system devices including smartphones are Vietnam’s most valuable exported product coming in at 20.7% of the country’s total.
What are Vietnam’s major exports and imports?
Economy of Vietnam
|Export goods||Electronics, textiles products, machinery, footwear products, transportation products, wooden products, seafood products, steel, crude oil, pepper, rice and coffee|
|Main export partners||China(+) 19.6% United States(+) 18.1% Japan(+) 7.43% South Korea(+) 7.09% (2018 est.)|
What is the biggest industry in Vietnam?
The Biggest Industries In Vietnam
- Electronics. Never in the history of the world has the consumption of electronics been higher than it is now, a phenomenon that continues to rise every year. …
- Construction. …
- Mining Industry. …
- Services and Tourism.
Who is the leader of Vietnam?
Nguyen Xuan Phuc
What’s the major religion in Vietnam?
The government census of 2019 shows that Catholicism, for the first time, is the largest religious denomination in Vietnam, surpassing Buddhism. Ecclesiastical sources report there are about 7 million Catholics, representing 7.0% of the total population.
Is Vietnam a poor country?
Vietnam is now defined as a lower middle income country by the World Bank. Of the total Vietnamese population of 88 million people (2010), 13 million people still live in poverty and many others remain near poor. Poverty reduction is slowing down and inequality increasing with persistent deep pockets of poverty.
Do we trade with Vietnam?
Vietnam is currently our 13th largest goods trading partner with $77.5 billion in total (two way) goods trade during 2019. … Goods exports totaled $10.9 billion; goods imports totaled $66.6 billion. The U.S. goods trade deficit with Vietnam was $55.8 billion in 2019.
Is Vietnam still communist?
Government of Vietnam
The Socialist Republic of Vietnam is a one-party state. A new state constitution was approved in April 1992, replacing the 1975 version. The central role of the Communist Party was reasserted in all organs of government, politics and society.
What are the main industries in Vietnam?
Main Sectors of Industry
Vietnam’s economy is based on large state-owned industries such as textiles, food, furniture, plastics and paper as well as tourism and telecommunications. Agriculture represented 14% of GDP and employs 36% of the total workforce in 2020 (World Bank).
What is the main source of income in Vietnam?
The majority of Vietnam’s export revenues are generated by crude petroleum, garments, footwear, and seafood, and electronic products are of growing importance.
Who does Vietnam Import and Export from?
Vietnam top 5 Export and Import partners
|Market||Trade (US$ Mil)||Partner share(%)|
|Hong Kong, China||7,574||3.52|
What does the US import from Vietnam?
The top U.S. imports from Vietnam are electric machinery and equipment, apparel and footwear, furniture, industrial machinery, fruits and nuts, leather goods, fish and iron and steel. Electric machinery and equipment is currently the top export from Vietnam to the U.S. and is also Vietnam’s No. 1 export worldwide.
What food does Vietnam import?
In particular, in 2016 Vietnam imported nearly 150 thousand tonnes of seeds, including rice varieties, grasses, corn, vegetables and flowers.