Tradeimexsolution
2 posts
Jun 04, 2023
11:44 PM
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With over 6000 textile and apparel manufacturing businesses and over 2.5 million workers, textiles are one of Vietnam's top export industries on a constant basis. The phenomenal rise of the garment sector has contributed significantly to the nation's economic development. "Vietnam Export Import Data
" overcame Bangladesh in 2020 to overtake it as the second-largest exporter of ready-made clothing (RMG). Additionally, the sector's export market share increased from 5.54 percent in 2016 to 7.05 percent in 2020.
Vietnam has become a significant exporter of electronics, and electrical and electronic goods have surpassed coffee, textiles, and rice as the nation's leading exports. Vietnam's top exporter, Samsung, has contributed to the nation's trade surplus in recent years for the first time in a long time.
Automotive
By 2035, the Vietnamese auto market is projected to sell 1.7–1.85 million vehicles, making it a significant market for the selling of automobiles. By 2025, it is anticipated that between 750,000 and 800,000 units would be sold.
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