What are the most important industries in Vietnam at the moment?

Major Industries in Vietnam: food processing, garments, textiles, shoes, machine-building; mining, coal, steel; cement, chemical fertilizer, glass, tires, oil, mobile phones Industrial production growth rate: 4 percent (2012 est.), country comparison to the world: 76.

Which industries or sectors are protected in Vietnam?

Electronics and mechanical engineering industries; Garment and textile, leather, and footwear industries; Hi-tech industries; and. Automotive industry.

What is Vietnam main source of income?

The majority of Vietnam’s export revenues are generated by crude petroleum, garments, footwear, and seafood, and electronic products are of growing importance.

What is the main commodity in Vietnam?

In 2020, phones and the related components exports had the largest turnover amongst Vietnam’s major commodities exports, at approximately 51 billion U.S. dollars. Meanwhile, electronics, computers and components contributed over 44 billion U.S. dollars to total export turnover that year.

What is Vietnam’s biggest industry?

Main Sectors of Industry

Vietnam’s economy is based on large state-owned industries such as textiles, food, furniture, plastics and paper as well as tourism and telecommunications. Agriculture represented 14% of GDP and employs 36% of the total workforce in 2020 (World Bank).

What are the main jobs in Vietnam?

The top 5 currently highest paid jobs in Vietnam

  1. Finance/Investment. Finance and investment were the fields that have the highest salary according to the report of VietnamWorks 2019. …
  2. Banking. …
  3. Programmer and Information Technology Industry. …
  4. Construction engineer. …
  5. Marketing.
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What is Vietnam’s main export?

Vietnam has emerged as an important electronics exporter, with electrical and electronic products overtaking coffee, textiles, and rice to become the country’s top export item. Samsung is Vietnam’s largest exporter and has helped the country achieve a trade surplus for the first time in many years.

What are Thailand major Industries?

Major Industries include: tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry and electric appliances, computers and parts, integrated circuits, furniture, plastics, automobiles and automotive parts.

Why is Vietnam so poor?

The majority of the poor are farmers. In 1998 almost 80 percent of the poor worked in agriculture. The majority of the poor live in rural, isolated, mountainous or disaster prone areas, where physical infrastructure and public service are relatively undeveloped. The poor often lack production means and cultivated land.

Is Vietnam a good place to live?

Vietnam is one of the best places in Asia for expats to live abroad, and there are plenty of reasons as to why. For pennies on the dollar, you get a year-round tropical climate and access to modern comforts and conveniences. Here are the best cities in Vietnam for expats to live.

Keep Calm and Travel