What are the five major exports of Vietnam?
Exports The top exports of Vietnam are Broadcasting Equipment ($42.3B), Telephones ($18.2B), Integrated Circuits ($15.5B), Textile Footwear ($10.6B), and Leather Footwear ($6.43B), exporting mostly to United States ($63.7B), China ($40.3B), Japan ($21.2B), South Korea ($20.3B), and Germany ($8.22B).
What is Vietnam’s biggest industry?
Leading the list of top industries in Vietnam is obviously information technology industry, which is followed by manufacturing, tourism, logistics, construction and agriculture.
What are the two major crops of Vietnam?
Dry and glutinous rice are the dominant crops, accounting for nearly half of all agricultural production, with over 35 million tonnes produced annually, mainly in the Red and Mekong river deltas.
What are Vietnam Major imports?
Vietnam main imports are computers, electrical products and parts (18 percent of total imports) and machine, instruments and accessories (16 percent). Others include: telephones, mobile phones and parts thereof (8 percent); textile fabrics (5 percent) and iron and steel (4 percent).
What is Vietnam famous for producing?
Vietnam is a key source of electronics, furniture, clothing, footwear, and fish for Americans. It also is a key global exporter of coffee, rice, and other food.
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.
What is the main business in Vietnam?
Economy of Vietnam
|Main industries||Electronics, machinery, steel, food processing, wood industry, textile, footwear, vehicle, rice, coffee, cashews, seafood, vegetable and tourism|
|Ease-of-doing-business rank||70th (easy, 2017)|
|Exports||$290.4 billion (2018 est.)|
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.
What kind of economy does Vietnam have?
Vietnam has a mixed economy in which there is limited private freedom, but the economy remains highly controlled by the government. Vietnam is a member of the Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN), and the Trans-Pacific Partnership (TPP).