As among the fastest growing economies from the developing world, Vietnam is a vibrant country undergoing improvement of the company’s infrastructure to help you its future growth plans.
During the last two decades, Vietnam continues to be undergoing a transformation from your centrally planned economy to some market economy and over that point, Vietnam has experienced significant growth.
This is good news to the international freight transport sector and shipping companies involved with do business with Vietnam for their business will grow as well because the Vietnam economy. In ’09, export turnovers were over 56 billion $ $ $ $, in line with the General Statistics Office of Vietnam.This reflected a decline of roughly 10% in the previous year.
Vietnam’s single largest export is oil, which taken into account 11% of earnings from exports in 2009.
Vietnam’s other main exports part from crude oil are textiles, footwear and garments, rice, coffee, rubber and coal. Aquaculture can be an important way to obtain export business in addition to processed forest products.
At present, the exports from Vietnam are dominated by agricultural products however, this is set to alter as Vietnam increases its industrial base. Already, 5% of income is accounted for by electronics. Since the country is constantly on the develop its industrial base, the freight services infrastructure will continue to develop to aid it. The main markets for exports from Vietnam are the U . s ., making up nearly 20% of exports, followed by Japan, China, Australia and Singapore.
Economic relations between Vietnam and the United States are improving but impeded by Vietnam’s record in human rights. Nevertheless, there have been great strides forwards in economic relations during the last decade which is reflected in today’s a higher level freight transport. A landmark bilateral agreement in December 2001 significantly boosted the amount of Vietnam’s exports towards the Usa.
The key imports to Vietnam are commodities, including petroleum products, steel, fertilizer, electronics, equipment and machinery. Most imports are derived from China, Taiwan, Singapore, Japan, South Korea, Thailand and Malaysia.
Overall, the key trading partners of Vietnam are presently Japan, Hong Kong, Singapore, Korea, Taiwan as well as the European. At the moment trade with the Asian economies comprises 80% of Vietnam trade. gia chuyen hang tu my ve viet nam represents a changed picture as until 1990, most Vietnam trade was with all the Soviet Union.
Vietnam is keen to develop more trade with countries in the European and freight services organizations are creating this easier, as freight companies increase their own expertise in the Vietnam market. These day there are many shipping businesses that will help businesses from the European do business with Vietnam. The varied nature of the above types of imports and exports to and from Vietnam stresses how versatile the freight services companies operating in Vietnam must be to be able to service this market. A shipping company or freight company which is knowledgeable about exporting from Vietnam will be expert at giving the correct transportation mode to ensure that the products arrive at their destination market in peak condition and within as short a moment frame as is possible. The freight forwarding market in Vietnam has evolved considerably recently and the standard of freight services available is incredibly high.
Most businesses in Vietnam are small and medium sized enterprises as well as in wanting to embrace the opportunities of globalisation, many utilize freight companies for advice and support. And so the freight forwarding sector is itself a significant catalyst from the expansion of the Vietnam economy.
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