As among the fastest growing economies from the developing world, Vietnam can be a vibrant country undergoing improvement of the infrastructure to help you its future growth plans.
Throughout the last twenty years, Vietnam may be having a transformation coming from a centrally planned economy to a market economy and also over the period, Vietnam has experienced significant growth.
This is very good news for that international freight transport sector and shipping companies involved in trade with Vietnam as their business will grow concurrently because Vietnam economy. During 2009, export turnovers were over 56 billion $ $ $ $, in line with the General Statistics Office of Vietnam.This reflected a decline around 10% in the previous year.
Vietnam’s single largest export is crude oil, which included 11% of earnings from exports during 2009.
Vietnam’s other main exports part from oil are textiles, footwear and garments, rice, coffee, rubber and coal. Aquaculture can be a crucial source of export business along with 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 earnings are included by electronics. Since the country is constantly on the develop its industrial base, the freight services infrastructure will continue to develop to support it. The main markets for exports from Vietnam are the United states of america, 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 and this is reflected in the current a higher level freight transport. A landmark bilateral agreement in December 2001 significantly boosted the amount of Vietnam’s exports for the United States.
The key imports to Vietnam are commodities, including petroleum products, steel, fertilizer, electronics, machinery and equipment. Most imports come from China, Taiwan, Singapore, Japan, South Korea, Thailand and Malaysia.
Overall, the key trading partners of Vietnam are currently Japan, Hong Kong, Singapore, Korea, Taiwan and the Western european. Currently trade with the Asian economies makes up 80% of Vietnam trade. This actually represents a changed picture as until 1990, most Vietnam trade was using the Ussr.
Vietnam is currently keen to develop more have business dealings with countries inside the Western european and freight services companies are thus, making this easier, as freight companies grow their own expertise in the Vietnam market. Nowadays there are many shipping companies that can help businesses from the Eu invest Vietnam. The diverse nature of the aforementioned samples of imports and exports both to and from Vietnam stresses how versatile the freight services companies operating in Vietnam need to be in order to service forex trading. A shipping company or freight company that is knowledgeable about exporting from Vietnam is going to be expert at offering the correct transportation mode in order that the merchandise arrive at their destination market in peak condition and within as short a time frame as you can. The freight forwarding market in Vietnam is promoting considerably lately as well as the standard of freight services available is quite high.
Most businesses in Vietnam are medium and small sized enterprises as well as in looking to embrace the opportunities of globalisation, many utilize freight companies for advice and support. So the freight forwarding sector is itself a significant catalyst in the development of the Vietnam economy.
For details about phi ship hang tu my ve viet nam check out this popular web page.