Vietnam 's Largest Business Sector

Cars are used in Vietnam but they aren’t very popular because most places are close by, but boats are because of the water and monsoon season sow when it floods it’s easier to get around with a boat rather than a car. Vietnam has eight different regions and a few decades ago Vietnam was split into two, North and South Vietnam. The eight regions are Northwestern, Northeastern, Southeastern, Central Highlands, Mekong Delta, North Central Coast, and South Central Coast. As for Physical regions Vietnam contains the Anamite Mountain Chain, Red River, and the Annam Mountains. Vietnam’s official language is Vietnamese and their main religions are Taoism, Confucianism, and they also hold a strong tradition of

Their exports have decreased at a rate of 12% per year for the last 5 years (Simones). About 95% of their exports are fuels and mining products in 2015, with the other 5% being composed of agricultural and ag related materials (Venezuela). The largest of their exports is crude petroleum, followed by refined petroleum (Simones). Their top agricultural related exports were raw hides, beer made from malt, cocoa beans, alcohol and vegetable fats and oils. Their main non-agricultural related exports were petroleum oils, acylic alcohols, iron ore concentrates and ferrous products (Venezuela). Considering Venezuela had general merchandise exports of $36.9B in 2015, versus $36.4B in imports, they have a positive trade balance (Simones). It is worth noting, however, that both imports and exports have both decreased compared to 2014 number of $74.3B in exports and 47.4B in imports. The main places Venezuela exports to are the United States at 43%, followed by China at 18%, India at 17% and other countries making up the remaining 22%. The main services that are considered service exports are transport at 46.3%, travel at 37.9% and the other 15.6% fall into the other

Vietnam is communist state, a government ruled by a dominant party system. Over the last decade, Vietnam has shown remarkable growth since they have adapted the modernization theory. Vietnam has a spectacular progress in their growth domestic product (GDP), with a GDP of 49.42 billion in U.S dollars in 2005 to a GDP of 171.39 billion in U.S dollars in 2014.They have also achieve a high poverty reduction, from a poverty headcount of nearly 60 percent to 20.7 percent in the past 20 years. Vietnam has become more industrialized, Vietnam’s agricultural shares of economic output has shrink from 25% in the year 2000 to less than 20% in 2013, while industry’s share increased from 36% to more than 42% in the same period. Today, Vietnam is considered to be one of the leading exporters in Southeast Asia. With the top ten exports commodities that include electrical machinery, oil and mineral fuels, footwear, apparel: non knit, apparel: knit, industrial machinery, seafood, coffee and spices, furniture and cereals.

Taiwan’s economy ranked the 20th largest in the world in 2014 on a purchasing power basis, and 26th in nominal terms according to IMF data. IMF projected Taiwan’s economy to rank 21th on a purchasing power basis and 22rd in nominal terms in 2016. Its economy is well developed and it’s growing at a stable rate. Since 1992, Taiwan’s GDP growth has an average 4.5%. Its GDP per capita raised from $9,116 in 1992 to $19,762 in 2012. Taiwan has experienced rapid expansion in international trade. In 1992, Taiwan’s total trade was over $180 billion and represented 82% of GDP. In 2012, Taiwan’s trade was over $650 billion and represented 140% of GDP. In 2012, over 77% of Taiwan imports were of agricultural goods and raw materials due to limited arable land and natural resources. While only around 1% of exports were from agricultural goods, the rest 99% of exports were from industrial sector (Meltzer, 2014). Therefore, agricultural goods are highly demanded in Taiwan.

There are very few natural resources that help to structure and support the imports and exports set up. Some of those natural resources are petroleum, timber, natural gas, coal, iron ore, salt, and arable land. Most of these resources are also available in the surrounding counties. Exports have been the main driver of the recent improvement in the current account balance. The growth of exports translated into strong gains in export market shares. In the past two decades Romania’s Market shares have grew amazingly 4.6%. But, In 2013 Romania landed one of the top performers in exports with a 15% increase in the year 2013

Production costs in Cambodia are higher than other ASEAN members and also neighbouring countries. For example, the major production input which is electricity was significantly higher cost compare than Vietnam and Thailand. The reason behind this is Cambodia more concern on imports a lot more products than its export. Garment and textile products currently account for the majority of its total exports, and its main markets are the US and the European Union. Moreover, Cambodia’s exports to ASEAN countries are mostly agricultural products in the form of raw materials. “In this regard, Cambodia does not have many goods for exporting to other ASEAN countries while imports keep increasing. Hence, its trade deficit is anticipated to significantly enlarge in terms of trade in the ASEAN region”, said Chheang Vannarith. (ASEAN Economic Community : Cambodia,

Vietnam – an exotic and compelling country on Earth! Vietnam is a place of breathtaking beauty and incredible heritage.

Similar to a number of financial crises in the past, the Asian financial crisis came to be as a result of unexpected economic growth. The countries were all under the influence of a number of different economic criteria, such as cheap yet fairly well educated labour, lowered barriers to trade, and economies based heavily on exports. Even Malaysia enjoyed bountiful foreign direct investment. All of these elements came together to make Asia dominant force in exports. This was proven by the fact that none of the countries affected by the crisis experienced of export growth lower than 12% between 1990 and 1996. Not only did these countries experience rapid growth in exports, the nature of the exports where product types are concerned also changed. The products evolved from simple products like

According to the Bank of Mozambique exports from Mozambique amounted to USD 3.916,4 million in 2014 and in 2015 slowdown to US$ 3.413.3. Exports from mega projects amounted to USD 2.056,9 million; Where Aluminum, coal, gas are the top mega projects exported goods; and the top export destination markets are:

This paper seeks to look at Vietnam’s economy, financial sector, and political sector in respect to the textile industry. In an attempt to evaluate the feasibility of entering a foreign market, we focus our paper on a mid-sized company called Augusta Textile Company. This paper seeks to evaluate Vietnam’s potential for investment, particularly in the textile industry. While the company seeks to increase revenues and keep costs of production low, the company must look to expand to growing markets. However, various risks must be taken into consideration, as they can be great barriers to entry. The company looks to expand with the least financial risk, but greatest potential output and revenue. In evaluating the textile industry in Vietnam,

Despite the difficulty in economic growth, sale volume of infant formula is foreseen to reach 53,402 tons in 2017 (Appendix: Figure 4). Consequently, the statistics proves that Vietnam is the potential market for infant formula.

As a country, we must emphasize more & more on our exports. Our export has been from garments, which now is now under threat in post GATT era. So, we must concentrate on other export industries like leather, pharmaceuticals, information technology, etc.

In the early sixties (1961-66) quantitative restrictions for imports continued. At the same time, efforts were made to boost exports by creating a favourable atmosphere to export industries, diversification of export markets and the development of export support services.

Furthermore, by 1990, 31 institutes to gain their autonomies from licensing sanctions of government, and thus, since it essentially affected importing activities of machinery in manufacturing; licensing clearance; it led one step further for trade liberalization aspects of India. Another important factor that affected India’s augmented performance of importing activities was an increment in agrarian yielding’s and discovery of oil. These two elements led to generate unique places for products such as mechanical equipment that are other than oil- and food-based (Kulke, 1998).

In 2012, export rose 18.2%, valued at US$114.57 billion. Vietnam 's main export market included the EU with US$20 billion, USA with US$ 19 billion, ASEAN with $US 17.8 billion, Japan with US$13.9 billion, China with US$ 14.2 billion, and South Korea with US$7 billion.