Vietnam Industry Introduction
Thanks to well-conceived policies on import-export, export growth has been quite high, reaching USD 48.6 billion in 2007, increasing more than 60 times over that of 1986. Average growth has been about 20% annually. The trade deficit has reduced from 300% in 1986 to below 20% in recent years. In the first six months of 2008, export value has reached USD 30.6 billion.
Since 1986, the structure of export goods has significantly changed with the increase in high-value goods such as heavy industrial goods and minerals which account for about 30%, then handicraft and light industrial products (20%), sea products (20%), agricultural products (15%), and forest products (15%).
Vietnamese export goods have gone to 200 markets of which the volume of 10 markets reaches over 1 billion USD. Some key goods of Vietnam rank in high positions and impact upon the world market. Examples are rice, seafood, coffee, rubber, pepper, cashews, and garment.