The sources of this data are genuinely comprising from Vietnamese Customs, Shipping & Logistics Corporations, and Port Authorities till Government Organizations. For Demo Report you can write to us at. Samsung is Vietnam’s largest exporter and has helped the country achieve a trade surplus for the primary time in several years. and grow their operations. An additional reason for the optimism about Vietnam is the Trans-Pacific Partnership (TPP), a US-led trade agreement involving 12 countries. Industrial machinery will continue to be Vietnam’s largest import sector through 2030 and will contribute around 25 percent of the country’s import growth. Post was not sent - check your email addresses! According to HSBC’s predictions, China and South Korea will remain Vietnam’s largest import partners. Export sales amounted to more than US$ 174.1 billion, and during the eight-month period import turnovers hit more than US$ 162.2 billion. During 2019, the following export commodity groups reflect the highest dollar value in global Vietnamese shipments. As a result of this plethora of trade deals, HSBC confidently predicts a GDP growth rate of more than five percent per year through 2030 for Vietnam. The percentage share of the export group represents in terms of total exports from Vietnam is also shown. Notably, the top three were also among a handful of economies that have brought the spread of Covid-19 under control early on, with Vietnam having reported only 1,141 cases of Covid-19 infection and 35 deaths to date. This resulted in a trade surplus of US$16.52 billion, slightly lower than the estimated figure of US$16.99 billion of the General Statistics Office for the January – September period. Additional trade deals with the EU and other countries, as well as further ASEAN integration, are also set to help boost Vietnam’s economy. Your email address will not be published. We also attempt to give perspective on what will be Vietnam’s place in the Association of Southeast Asian Nations (ASEAN) in 2015, and look at some of the country’s key import and export regulations. This edition of Tax, Accounting, and Audit Guide for 2020, produced in collaboration with our tax experts at D... Vietnam’s supply chains have significantly evolved from how they were a decade ago. Total imports recorded 22.7 USD Billion in Aug 2020, which is registered an increase of 12.6% year on year. Its economic growth of 6-7% rivals China, and its exports are price the maximum amount because of the total value of its GDP. Thus, Vietnam has much to gain from the implementation of the trade agreement, including drastically reduced tariffs in some of the world’s largest markets. Shipping date, HS code, description, exporter name, exporter address, importer name importer address, fob value, quantity, ports, etc. Overall, global trade is expected to fall by about 7% in 2020 under the assumption that the trend observed in the third quarter continues into the final one of the year. #tradeimex #CustomsData #TradeData #ShipmentData #VietnamExportData #VietnamImportData #VietnamCustomsdata #VietnamTradeData #VietnamDatabyHSCode #VietnamShipmentData #VietnamCustoms #VietnamStatistics #bilateralTrade #Vietnameconomy, © 2018-2020 by TradeImeX® India. Amid a generalized downtrend in the third quarter, Vietnam posted the highest trade growth globally during the period at 10.9% year-on-year, according to the United Nations Conference on Trade and Development (UNCTAD)’s new Global Trade Update report. According to the country's General Statistics Office on Monday, Vietnam's export and import turnover rose by 1.6 percent and decreased by 2.2 percent year-on-year in the first eight months of 2020, respectively. All rights reserved. Anything from Nike sportswear to Samsung smartphones is manufactured in this ASEAN nation. Between January and August, with a turnover of 46.7 billion US dollars, the United States remained Vietnam's largest importer, followed by China with 27 billion US dollars and the European Union with 22.9 billion US dollars, according to the bureau. Developing Your Sourcing Strategy for Vietnam In this issue of Vietnam Briefing Magazine, we outline the various sourcing models available for foreign investors – representative offices, service companies and trading companies – and discuss how to decide which structure best suits the sourcing needs of your business. Required fields are marked *. License No. Vietnam has emerged as a vital electronics exporter, with electrical and electronic merchandise overtaking coffee, textiles, and rice to become the country’s prime export item. Textiles and wood manufactures will be the next largest import sectors, followed by information and communication technology (ICT) equipment. Vietnam records world’s highest trade growth in Q3: UNCTAD Vietnam was among a handful of economies that has brought the spread of Covid-19 under control early on. By using this site, you agree to the Terms of Service and Privacy Policy, 81/10B Ho Van Hue Street - Ward 9 – Phu Nhuan District – HCMC - Vietnam * T: (84.8) 3848 7238 * F: (84.8) 3848 7237 * E: >>>. Anything from Nike sportswear to Samsung smartphones is manufactured in this ASEAN nation. We also go a step further and examine the specific, bilateral Double Tax Agreements that Vietnam has enacted, and how these can be further used to minimize profits and withholding taxes that would otherwise be levied upon foreign investors. We Tradeimex, provide the most precise facts and figures along with shipment particulars of goods suppliers in the country are being enclosed in our Vietnam Export Data and Vietnam Import Data across all the products. In a recent report released by the bank HSBC, it has been revealed that Vietnam will see strong export growth through the year 2030. including the most recent legal, tax and accounting changes that affect your business. Vietnam's gross domestic product grew by 6.88 percent year-on-year in the third quarter of 2018, compared with a 7.46 percent growth in the same period of the previous year. These three countries will be Vietnam’s fastest growing export destinations, at a rate of at least 14 percent per year, through the year 2030. However, HSBC has also highlighted potential risks to Vietnam’s growth, these include possible resistance from the country’s ruling party to structural reforms, setbacks to infrastructure investment, delays to the free trade deals, and possible slower growth in China. C4G: Notice of record date for the second 2019 dividend payment ... VTJ: Result of transaction of connected person (Nguyen Thi Nhung). China with a share of 15.6% (41 billion US$), Japan with a share of 7.71% (20 billion US$), Korea with a share of 7.45% (19.7 billion US$), Hong Kong with a share of 2.7% (7.16 billion US$), Netherlands with a share of 2.6% (6.88 billion US$), India with a share of 2.52% (6.67 billion US$), Germany with a share of 2.47% (6.56 billion US$), United Kingdom with a share of 2.17% (5.76 billion US$), Thailand with a share of 1.9% (5.05 billion US$). Today, supply chain shif... An Introduction to Doing Business in Vietnam 2020 will provide readers with an overview of the fundamentals of... Dezan Shira & Associates helps Shipping date, HS code, description, exporter name, exporter address, importer name importer address, fob value, quantity, ports, etc. Its economic growth of 6-7% rivals China, and its exports are price the maximum amount because of the total value of its GDP. On the contrary, other major economies are still suffering from large number of infections and an inability to kick-start their trade, with exports from Japan, the US and the EU shrinking by between 11.6 and 9.7% year on year in the third quarter, according to the UNCTAD report.


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