Vietnam exports mainly rice, crude oil, textiles, garment products, rubber, rice, coffee, beans, seafood, electronics and computers. Its major exports partners are: United States, China, Japan, Singapore and Australia. Vietnamese exports was affected greatly because: (i) Vietnam has been one of the countries that have relatively large trade openness and (ii) Before the crisis, Vietnam was ranked the 50th and 41st among the top 50 countries with highest exports and imports relatively, accounting for 0.3% of total global exports and 0.4% of total global imports.
Two majors news affecting Vietnamese exports in the seven-years period between 2001 and 2007 are the opening of the US market starting in 2001 and the joining of Vietnam into WTO in
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Figure x: Export value of Vietnam, June 2008 – January 2009 (Source: General Statistic Office of Vietnam, GSO 2009)
The decline in commodity prices across the globe in the last few months of 2008 combining with a policy change in Vietnamese rice exports lead to a continuous contraction of the exports of this country. According to the Viet Nam General Administration of Customs (VGAC), the average export price of some key commodities such as oil, rubber, rice, coffee, beans went down, the signing of new export contracts was more difficult, and many export contracts were suspended or delayed to late 2009 (Pham 2009). Data on exports of Vietnam (Table 1) showed some positive signs in 2009, but this improvement didn’t reflect the true state of Vietnamese exports at the time, as all exports increased due to gold exports. Only by the end of the first quarter of 2010, exports started to stabilize back to its pre-crisis levels.
Table 1: Vietnamese exports 2007-2012
(In USD billion)
Year/Month 1 2 3 4 5 6 7 8 9 10 11 12
2007 3,76 2,89 3,86 3,64 4,08 4,17 4,25 4,30 3,77 4,30 4,50 4,68
2008 4,91 3,33 4,83 5,00 5,75 6,20 6,55 6,00 5,27 5,04 4,80 4,67
2009 3,83 5,08 5,33 4,28 4,44 4,81 4,81 4,62 4,61 5,07 4,76 5,47
2010 5,08 3,72 5,60 5,46 6,31 6,32 6,07 6,94 6,212 6,282 6,709 7,543
2011 7,36 4,95 7,66 7,57 7,35 8,58 9,40 9,40 8,20 8,43 8,93 9,10
States trades all over the world. In February of 2016 exports alone were $178 billion. Not surprisingly
Major imports include petroleum, coal, apparel, and gas. Major exports include automobiles, electronics, plastic, iron, and steel.
* Products that are commonly exported from the United States are things such as medicines, aircrafts, and cars. These are products are also important to humanity of different countries.
Millions suffered. Nearly sixty thousand died. Hundreds of thousands protested. The Vietnam War, an event considered to be one of the most important in U.S. history, became one of the most controversial as well. It was the longest battle fought in American history, lasting from Nov 1, 1955 to April 30, 1975. The Vietnam War tainted America’s prideful self-image, becoming the first time the United States had ever failed in accomplishing its objective in war – preserve an independent, noncommunist government separate from the U.S. This war also had a heavy impact on the American public. It was the first to be nationally broadcast on television, allowing civilians to witness the horrors of the battlefield, skewing their
The French taxed the Vietnamese heavily on everyday items including but not limited to salt, alcoholic beverages, and opium (Smitha). The Vietnamese were paid just enough for food, but now that they were taxed so heavily, many families began to starve. What's worse, many family members became addicted to opium due to the French opium trade, which the French profited the most from. Opium, a drug produced from the juice of the opium poppy, is used both medically and recreationally. The French, knowing that the drug was highly addictive, introduced Opium to the natives of Vietnam, similar to how the British introduced Opium to the Chinese in 1760.
The United States involvement in Vietnam was the longest war the U.S. has ever took part in and was considered an extended military engagement due to the fact congress never formally declared war with Vietnam (FCNL). The Vietnam War began on November 1, 1955 and lasted for 20 years until April 30, 1975. The war was fought between the communist Northern Vietnamese and the anti-communist Southern Vietnamese after the country was temporarily divided by the Geneva Accords. Americas entering of the Vietnam War proved to be an extremely controversial decision due to citizens belief that the United States reasons for intervention were unnecessary nor justified, and young teens were mainly drafted under the Selective Service Act. The death toll of nearly 3,595,000 people from the war was the result of years of conflict in Vietnam prior to the war (Statistical). The policy of imperialism, division of Vietnam, and American Ideology created circumstances in which the Vietnam War was an inevitable outcome that would forever change the lives of millions of people.
1/10 soldiers that either volunteered or were drafted was killed during the events of the Vietnam War
The Vietnam War was unlike any other war in which the United States has participated. The Vietnam War has many unique attributes, beginning with the unclear reason as to why the U.S. became involved in a war that presented no threat to U.S. citizens or national security. Three unique attributes of the Vietnam War that are very interesting are the U.S. combat strategy, the Vietnamese guerrilla warfare, and the MIA issue.
The United States is also known as a great nation in the world. While Vietnam is a backward country. Generally, the U.S economy is more developed than Vietnam. Why is that? Because of the management of government. The US’s government is united, while Vietnam’s government is unorganized and segregated. The U.S GDP is $ 18.561 trillion, and $198.8 billion in Vietnam. The US exports is thousand fold than Vietnam, and the imports is more than 1.500 times higher than Vietnam. The US economy affect to economic global. The US average net salary is hundredfold than Vietnam. So, a millions immigrants move to the US every year, the emigrants are more immigrants in Vietnam. The similar of both American and Vietnamese people are friendly. The climate
Riding on the democratic stallion of equality with triumphant fervor from World War II, the United States of America prioritized the containment of communism as its foreign policy outlined by the Truman Doctrine in 1947. The U.S eventually found itself in the middle of rising communist nations in the Pacific and European theaters. In an increasingly expensive and hopeless effort to prevent communist Ho Chi Minh unifying Vietnam under the red flag of the hammer and sickle, America officially sent troops to the Southeast Asian nation in 1965, though Congress never legitimately declared war on Vietnam. During the late 1960s and early 1970s, the ongoing Vietnam War had substantial repercussions on the society and economy of America that resulted in a loss in global authority. Economically, inflation became conspicuous because of a monetary imbalance of higher exports compared to imports. Socially, soldiers were psychologically damaged from their experiences, while citizens actively protested against the war with success.
With the PEST analysis above, it can be concluded that the PEST environment of Vietnam has definitely improved its international business activities in the past 10 years, 1996 the government come up with striving to develop the industry and modernization, on the basis of market economy, from 1990-2008 the GDP of Vietnam grows robustly with average 7.7% increase, with a rate of about 6.18% in 2009, and 6.9% in 2010, and 5.89% in
In the late of 80s and the early of 90s (1988--1993), Vietnam still be hampered by United States's embargo policy on its weak economy. Though, foreign investors were very eager to invest in Vietnamese market promising numerous business opportunities because Vietnam has many advantages such as being a new market with big population and cheap price of labor; having rich natural resources, particularly oils, favorable geographical location and huge agricultural potential.
It has a severe shock in export in China. The number of exported orders decreased sharply. Between January to August in 2009, China’s foreign trade export 730.74 billion which down 22% year on year. At the same time,general trade import prices fell by 22%, imports increased by 4%, processing prices fell by 6.1% and imports
In case of Indonesia, there are also many researches discussing the export determinants. To begin with, Rahmaddi and Ichihashi (2012) analyze the Indonesia’s export performance during 1971 and 2007 according to both local and global indicators of supply and demand. They define the export demand as a function of export price, world price and world income. Then, the supply of export is represented by the price ratio of export and domestic commodities and the real output of a country. The authors combine those definitions into one simultaneous equation to be analyzed by using 2SLS estimation method. The results reveal that relative export cost and earning of trading partner countries significantly influence the Indonesia’s export demand and local price has a positive significant relation to the Indonesia’s supply of export.
The Mekong Delta produces one of Vietnam's most important exports - rice, and thus acts as the backbone of Southern Vietnam's economy. While you're travelling in Vietnam, you can take a boat trip down the Mekong, where you will pass the colourful floating markets of Cai Rang and Cai Be among others. Here, vendors will offer their wares from their boats jammed with produce, dangling their goods in the air from a long pole