Vietnam’s total exports expanded 16.6% YoY in Sep 2020, Compared with an increase of 7.1% YoY in the previous month. Vietnam shows the strongest progress in trade growth potential in ASEAN, driven by improvements to its trade readiness and economic dynamism, according to Standard Chartered’s newly-published research Trade20 Index. Chief among these is the country’s close location to some of the fastest growing economies in Asia, such as China, India, and Malaysia. The sources of this data are genuinely comprising from Vietnamese Customs, Shipping & Logistics Corporations, and Port Authorities till Government Organizations. The HSBC report has highlighted a number of important areas that point to a rosy export future for Vietnam. Agriculture makes up 14.7% of GDP and hires 39.4% of the total workforce. Your email address will not be published. China, meanwhile, was Vietnam's largest exporter with a turnover of US$ 49.3 billion, followed by South Korea with US$ 28.7 billion and the Association of Southeast Asian Nations (ASEAN) with US$ 19.4 billion. Total imports recorded 22.7 USD Billion in Aug 2020, which is registered an increase of 12.6% year on year. including the most recent legal, tax and accounting changes that affect your business. Vietnam’s Rapid Growth in Trade Updated: Oct 28 Taking into account the economies across South –East Asia, The Socialist Republic of Vietnam which is a one-party communist state is considered one of the rapidly progressing economies markets and rightly … VIX: Change in shareholding of principal shareholder (Red ... RCC: RCC stock was removed from trading restriction, KDC: KDC receives a certificate for stock offering, GVR: Decision on the beginning price of divestment, CTI: Report on bond interest & principal payment, V12: Board Resolution on the 2019 Dividend Payment, QTP: Board Resolution on the 2019 Dividend Payment, VTV: Board Resolution on the 2019 Dividend Payment, HNX: Trading results of corporate bonds on 09/11/2020, MVN: Financial statement quarter 3/2020 (consolidated), HNX: Trading results of corporate bonds on 10/11/2020, Energy, utilities, retail keep market steady, SEA: Financial Statement Q3/2020 (Consolidated), HNX: Trading results of corporate bonds on 11/11/2020, The Icon - new taste of Vietnamese investors, Switching listing helps banks boost stock value, Businesses prefer safe bank deposits in current scenario, Vietnam looks to kick-start rejuvenation of M&A deals. Industrial machinery will continue to be Vietnam’s largest import sector through 2030 and will contribute around 25 percent of the country’s import growth. We Tradeimex, provide the most precise facts and figures along with shipment particulars of goods suppliers in the country are being enclosed in our Vietnam Export Data and Vietnam Import Data across all the products. Stay up to date with the latest business and investment trends in Asia by subscribing to our complimentary update service featuring news, commentary and regulatory insight. HSBC expects that clothing and apparel will also continue to be among the main drivers of Vietnam’s growth – contributing almost 20 percent of the projected export growth through 2030. Exports in Vietnam accumulated to 27.50 USD Billion in Sep from 26.50 USD Billion in August of 2020. Stay Ahead of the curve in Emerging Asia. Using Vietnam’s Free Trade & Double Tax Agreements In this issue of Vietnam Briefing we explore how Vietnam’s Free Trade Agreements – and especially those via its membership in ASEAN – will affect foreign investment into Vietnam. In a recent report released by the bank HSBC, it has been revealed that Vietnam will see strong export growth through the year 2030. Its economic growth of 6-7% rivals China, and its exports are price the maximum amount because of the total value of its GDP. Our subscription service offers regular regulatory updates, businesses establish, maintain, On the other hand, the sharpest decline has been for the West and South Asia region, where imports have dropped by 35%, and exports by 41%. Once implemented, tariffs will be removed on almost US$2 trillion in goods and services exchanged between the signatory countries. Our Analytics team is able to provide complete, unified, and quality data of Suppliers and Buyers across the globe based on statistical parameters e.g. 29th, 2011 by HCMC Department of Information and Communications. For Demo Report you can write to us at. China, Taiwan (China) and Turkey were three other economies hat have posted positive export growth during the July - September period, with the corresponding rates of 8.8%, 6.4% and 0.7%. Samsung is Vietnam’s largest exporter and has helped the country achieve a trade surplus for the primary time in several years. Finally, Viet Nam has endowed heavily in human and physical capital, predominantly through public investments. BWS: ​17/11/2020, First trading day of additional trading ... SRA: Notice of record date for Annual General Meeting of ... FSO: Signing a contract with auditor for fiscal year 2020. Copyright © Vietstock. China with a share of 15.6% (41 billion US$), Japan with a share of 7.71% (20 billion US$), Korea with a share of 7.45% (19.7 billion US$), Hong Kong with a share of 2.7% (7.16 billion US$), Netherlands with a share of 2.6% (6.88 billion US$), India with a share of 2.52% (6.67 billion US$), Germany with a share of 2.47% (6.56 billion US$), United Kingdom with a share of 2.17% (5.76 billion US$), Thailand with a share of 1.9% (5.05 billion US$). We also go a step further and examine the specific, bilateral Double Tax Agreements that Vietnam has enacted, and how these can be further used to minimize profits and withholding taxes that would otherwise be levied upon foreign investors.

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