Vietnam - economic data
Under the policy gotta Lynne founded2529 the Vietnamese government Economic reform is ongoing. Coupled with the stable political conditions As a result, Vietnam's economy expanded rapidly. Vietnam dealt with by both the economic and financial reforms.The economy, the market mechanism. The expansion of the industrial sector is growing at very high. And the potential to export its oil. Commodities such as rice, a major competitor of Thailand now.Thus, at present, Vietnam has become a source of attracting investors from around the world
.However, in times past. Vietnam is faced with a trade deficit continues. The reason is that higher inflation in the country continuously. As a result, export prices have also risen.To solve this problem Currently, the government is encouraging people to buy locally manufactured goods. To reduce imports And reduce the trade deficit It also reduces the importance of. Activity of foreign goods into the country
.
About the Resources Vietnam is considered a country with abundant natural resources yet. The Energy and Minerals. Vietnam's crude oil spread across all sectors. Make Vietnam(After Malaysia and Indonesia)
.In addition, oil Vietnam also has many natural gas, coal as well. For agricultural products Vietnam exported many products such as pepper is one of the world's rice is exported the world's second.Coffee is the second largest exporter in the world. (After Brazil), and export cashews. It is the world's second (After India) and so
.
Goods imports: raw materials, textiles, leather and petroleum products.
Its major exports: crude oil, garments and textiles, footwear, rice, coffee, rubber, sea Cafes
key import markets.Singapore, Japan, Taiwan, South Korea, China
export markets are: EU, Japan, USA, China,
currency and exchange rates: Vietnam
Currency: VND (dong) abbreviations vnd
exchange 702 VND =. 1 THB
(From May 2556): 20,925 VND = 1 U.S. dollar
weaknesses / strengths: Vietnam
Strengths: The population is ranked 14th in the world (about 86 million)
: the amount of oil reserves. it ranked second in Asia Pacific
.A shoreline length of over 3,200 km
:
political stability: minimum wages almost in ASEAN. (Second from Cambodia)
Weaknesses: infrastructure has not been developed as it should
.Relatively high land costs and rents
.
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