Economy

Business And Market Overview

Business and Market Overview ECONOMY. In 1986, the Vietnamese government abandoned its Marxist economic policy and implemented "doi moi" (renovation) involving economic structural reforms. These reforms included modernising and liberalising the economy and developing more export driven industries. Vietnam joined the Association of Southeast Asian Nation (ASEAN) and became a signatory of the ASEAN Free Trade Agreement (AFTA). The US-Vietnam Bilateral...



Textile Industry - Opportunities And Challenges

Vietnam's textile industry has increased significantly since normalizing relationships with the United States in the 1990's. Vietnam was granted most favoured nation status (MFN) in December 2001, which led to a dramatic reduction in import tariffs in the US market. Vietnam's induction to the World Trade Organization (WTO) in 2007 and the Vietnamese government's strong support of the textile and garment sector, have...



Vietnam Slashes Prices And Makes Gains In The Eu Clothing Market

The average price of EU clothing imports from Vietnam was slashed by 40% last year, according to a new report published by Textiles Intelligence and distributed by the AKTRIN Textile Information Center. At the same time, the average price of clothing imports from all sources rose by 1.9%. As a result of these changes, Vietnamese clothing prices were less than half of those from other sources. The drop in prices --...



Vietnam - Import-Export Trading Market

From a historical standpoint, Vietnam had always been an agricultural nation that relied entirely on wet-rice cultivation for centuries until the Vietnam War destroyed their economy. When the new government took over in April of 1975, they launched their "planned economy." This gave rise to the implementation of collectives involving economic capital, factories, and farms, which resulted in the employment of millions...



Expansion In Agriculture Export Markets

When you look at Vietnam today, over 30 years after the ravages of the Vietnam War, it has evolved from what was once a failed economy into a market economy, continually creating opportunities by engaging in international business. Since the demise of the Communist Bloc in the late 1980's, significant economic reforms have been implemented for the purpose of renovating the Vietnamese economy, which had failed due to...



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