Question: What does Vietnam produce the most?

Rice is the most important crop. It is grown principally in the Red and Mekong river deltas. Other major food crops are sugarcane, cassava (manioc), corn (maize), sweet potatoes, and nuts. Agriculture is highly labour-intensive in Vietnam, and much plowing is still done by water buffalo.

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 Vietnam’s main export?

Vietnam main exports are: telephones, mobile phones and parts thereof (21 percent of total shipments) and textiles (12 percent). Others include: computers and electrical products (12 percent); shoes and footwear (7 percent) and machinery, instruments and accessories (6 percent).

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 top 5 items that Vietnam Export?

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).

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What drives the Vietnam economy?

In the current period, Vietnam’s economy relies largely on foreign direct investment to attract the capital from overseas to support its continual economic rigor.

Who is Vietnam largest trading partner?

Vietnam top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States 61,404 23.21
China 41,434 15.66
Japan 20,427 7.72
Korea, Rep. 19,729 7.46

Does Vietnam import or export more?

Vietnam Consumer goods imports are worth US$ 39,695 million, product share of 15.66%. Vietnam Capital goods exports are worth US$ 107,023 million, product share of 40.45%.

What are Vietnam’s main 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 products do Vietnam import?

Vietnam mainly imports electrical machinery, computers, mobile devices, plastic, mineral fuels, iron and steel, and optical, technical, and medical equipment.

Is Vietnam’s economy growing?

HANOI, January 13, 2022—Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5% from 2.6% in the year just ended, the World Bank’s economic update for Vietnam Taking Stock says.

Why is Vietnam economy growing?

The pace of economic growth slightly exceeded 7% in both 2018 and 2019. Rapid growth of manufacturing exports and large new inflows of foreign direct investment have been important growth drivers for Vietnam, notably driven by rapid expansion in the textiles and electronics sectors.

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Why is Vietnam so poor?

Factors that characterized the poor include large size of household, low education and skills, dependency on agriculture, remoteness in rural mountainous areas, lack of supporting infrastructure (UNDP 2018).

What Vietnam import the most?

Industry Snapshots

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

Which brands manufacture in Vietnam?

Made In Vietnam – Famous Brands that Manufacture in Vietnam

  • SAMSUNG.
  • NIKE.
  • INTEL.
  • FJÄLLRÄVEN.
  • ADIDAS.
  • LG.
  • THE NORTH FACE.
  • FOXCONN.

What crops does Vietnam export?

Due to the trade liberalization and agricultural reforms in Vietnam, the value of exports in the agricultural sector increased manifold with the main export commodities being rice, coffee, pepper and cashew nut, but also rubber, tea, groundnut, soybean, fruit and vegetables, and pork.