Posts

Showing posts from March, 2023

ONE OF THE LARGEST INDUSTRIES IN VIETNAM – THE CHEMICAL INDUSTRY

Image
CHEMICAL INDUSTRY – A BRIEF OVERVIEW The chemical industry is one of the oldest types of manufacturing industries that has been prevailing in this world since ancient times. The role of this industry is very important in meeting the day-to-day demands and needs of the people, both individually as well as at the industrial level. In layman’s terms, a chemical is a substance that is made up of matter. Matter can be of any form now like solid, liquid, or gas. It can even be pure (element) or a mixture (compound or a solution) of two or more substances. Chemicals can also be classified as naturally occurring or artificially occurring. Examples of natural chemicals are mercury, pyrite, asbestos, and silica. Whereas examples of artificial chemicals are PVC and Bakelite. Based on one of the most trusted reports of Vietnam, the Vietnam Chemical Industry Comprehensive Report 2022, the top companies that operate as chemical manufacturing and trading companies in Vietnam as of 2022 are: ...

TOP 10 EXPORT PRODUCTS FROM VIETNAM TO THE WORLD – BEST VIETNAM TRADE DATA PROVIDER

Image
OVERVIEW OF VIETNAM’S ECONOMY AT PRESENT Vietnam is an energetic nation which is situated in the Southeastern piece of Asia with an estimated land area of about 311,680 km2. Vietnam is the sixteenth most populated country on the planet with a complete headcount of very nearly 100 million individuals according to the measurements delivered in the year 2020. Vietnam imparts its regional and geographical limits to China, Laos, and Cambodia. As expressed above, aside from being a lively economy, Vietnam is one of the quickest developing countries on the planet as in the ongoing situation, many enormous organizations and firms are putting resources into Vietnam because of its modest and proficient workforce. The nation is one of the fair individuals from different worldwide gatherings like CPTPP, ASEAN, OIF, APEC, and the World Trade Organization (WTO). Moving towards monetary development and reliance of Vietnam, the nation was generally subject to the farming area with its essentia...

TOP 10 EXPORT PRODUCTS FROM VIETNAM TO THE WORLD

Image
  ECONOMY OF VIETNAM – A QUICK LOOK Vietnam is a vibrant country, now known as the Socialist Republic of Vietnam, which is located in the Southeastern part of Asia with a total land area of 311,700 km2. Vietnam is the 16 th most populated country in the world with a total headcount of almost 100 million people as per the statistics released in the year 2020. Vietnam shares its territorial boundaries with China, Laos, and Cambodia. As stated above, apart from being a vibrant economy, Vietnam is also one of the fastest-growing countries in the world as in the current scenario, many big companies and firms are investing in Vietnam due to its cheap and efficient labor force. The country is one of the honorable members of various global groups like ASEAN, CPTPP, APEC, OIF, and WTO. Moving towards economic growth and dependence of Vietnam, the country was largely dependent on the agricultural sector with its primary focus on the cultivation of rice, bauxite, and aluminum till a fe...

VIETNAM’S TRADE SURPLUS VALUES ARE BREAKING ALL THE PAST RECORDS – REPORT

Image
Vietnam, presently formally known as the Communist Republic of Vietnam is a country that is located in Southeastern Asia. With a land area of 311,699 square kilometers, the nation possesses 96 million individuals, making it the fifteenth most crowded country on the planet. Vietnam imparts its lines to various nations, in particular, China, Laos, Cambodia, Thailand, and the Philippines are the major countries with whom Vietnam shares its borders. VIETNAM TRADE DATA INSIGHTS FOR THE YEAR 2020 Before mentioning the current market condition of Vietnam, let’s understand what past trends have to say about Vietnam Import Export Data with respect to the values of total imports and exports to and from the nation. So, as per the Vietnam Trade Data for the year 2020, the country exported goods worth USD 281,441 million and imported goods worth USD 261,309 million, leading to a trade surplus of USD 20,132 million for Vietnam. The top 5 export products to Vietnam as per Vietnam Export Data ...