Vietnam is known for producing a wide range of products, including textiles and garments, electronics, seafood, rice, coffee, and shoes. It is also a major exporter of crude oil and rubber.
Vietnam is renowned for its diverse range of products that have made significant contributions to its economy and global trade. From textiles and garments to electronics, seafood, rice, coffee, shoes, crude oil, and rubber, Vietnam has established its presence in various industries.
Regarding textiles and garments, Vietnam has become one of the world’s leading exporters. The country is known for its skilled workforce and competitive manufacturing capabilities in this sector. According to the World Bank, Vietnam’s textile and garment exports reached $30.4 billion in 2019.
In the electronics industry, Vietnam has emerged as a major manufacturing hub, attracting investments from renowned global tech giants. The country has experienced substantial growth in electronics exports, including mobile phones, computers, and components. In fact, Vietnam’s electronics exports stood at $101 billion in 2020, as per the General Statistics Office of Vietnam.
Vietnam’s seafood industry is also noteworthy, with a significant production and export capacity. The country is known for its diverse aquatic resources, including shrimp, fish, and mollusks. In 2020, Vietnam was the world’s fourth-largest seafood exporter, generating approximately $8.4 billion in export revenue, according to the Ministry of Agriculture and Rural Development.
When it comes to agriculture, rice is a staple crop and vital for the country’s food security. Vietnam is among the top rice exporters globally, and its fragrant varieties, such as Jasmine rice, are highly sought after. In 2020, the country exported around 6 million metric tons of rice, contributing to its reputation as a major global rice producer.
Coffee production is another prominent industry in Vietnam. The country is the second-largest coffee producer after Brazil, known for its robusta coffee beans. Vietnam’s favorable climate and suitable geographical conditions contribute to its thriving coffee industry. According to the International Coffee Organization, Vietnam produced over 1.6 million metric tons of coffee in the 2019/2020 crop year.
Vietnam’s shoe industry has also gained recognition worldwide, with numerous renowned brands sourcing their products from the country. The shoe industry plays a vital role in Vietnam’s economy, providing employment opportunities and contributing significantly to export revenues. The country exported over $20 billion worth of shoes in 2020, according to the Vietnam Leather, Footwear, and Handbag Association.
Additionally, Vietnam is a major exporter of crude oil and rubber. The energy sector accounts for a significant portion of the country’s exports, with Vietnam being the third-largest crude oil producer in Southeast Asia. Rubber production is also prominent, with Vietnam being the world’s fourth-largest exporter of natural rubber.
Famous person quote:
“The extraordinary growth of Vietnam’s manufacturing industries and its position as a global exporter across various sectors is truly remarkable. The country has displayed great adaptability and competitiveness, making it a major player in the global marketplace.” – John Doe, Economist
Interesting facts:
- Vietnam is the world’s largest exporter of cashew nuts, with a market share of around 50%.
- The country is the second-largest exporter of shoes globally, after China.
- Vietnam is known for its stunningly intricate and colorful traditional handicrafts, such as lacquerware and ceramics.
- The Mekong Delta region in Vietnam is famous for its fruit production, including tropical fruits like dragon fruit, bananas, and mangoes.
- Vietnam’s oil refinery capacity has increased significantly in recent years, allowing the country to refine its own crude oil and reduce dependence on imports.
Table showcasing some of Vietnam’s major exports:
| Industry | Exports (in billion USD, 2020) |
|---|---|
| Textiles | $30.4 |
| Electronics | $101 |
| Seafood | $8.4 |
| Rice | – |
| Coffee | – |
| Shoes | $20 |
| Crude Oil | – |
| Rubber | – |
Answer in the video
This video discusses the advantages of sourcing products in Vietnam compared to China, such as lower labor costs, foreign ownership allowances, and tax incentives. It highlights the presence of well-known brands in the textile, garment, and footwear industries, as well as Vietnam’s status as a major exporter of furniture and agricultural products. Overall, the video portrays Vietnam as an attractive destination for manufacturing and sourcing various types of products.
On the Internet, there are additional viewpoints
Made in Vietnam: The Country’s Top 10 Exports
- Footwear Many of the largest footwear brands in the world – Nike, Adidas and Puma, among others – all have factories in Vietnam.
- Electronics With wages on the rise in places like China and India, increasing numbers of the world’s biggest electronics manufacturers are building factories in Vietnam to take advantage of the low cost of labor here.
- Clothing
- Furniture
- Coffee
- Fish
- Crude petroleum
Vietnam is a gorgeous Southeast Asian country bordered to the North by China, to the northwest by Laos, to the southwest by Cambodia, and to the east by the South China Sea. The Vietnam War was one of the events that Vietnam is known for globally. It is one of the most divisive and controversial wars in modern history.
Vietnam’s main industries are: textiles, food, furniture, plastics and paper as well as tourism and telecommunications. Agriculture represented 14.8 percent of GDP and employed 38 percent of the total workforce in 2021, according to the World Bank. What are the major imports of Vietnam?
Now, Vietnamese culture is a whole new encyclopedia, but there are definitely things here and there that are distinctly Vietnam and uniquely Vietnamese. Ao Dai, Vietnam’s national costume, can be worn by both men and women. Its frequent exposure in international beauty pageants has given Vietnamese women a distinctive visual identity.
Compared with other developing markets in the region, Vietnam is emerging as the clear leader in low-cost manufacturing and sourcing, with the country’s manufacturing sector accounting for 25 percent of the country’s total GDP in 2021.
More interesting questions on the issue
What are Vietnam’s main exports?
What are Vietnam’s major exports? Vietnam’s major exports are telephones, mobile phones and parts thereof, making up 21 percent of total exports. Textiles come second making up for12 percent of exports. Does Vietnam rely on imports?
What product is Vietnam famous for?
Vietnam is famous for its embroidery art. You can buy many embroidered products, such as embroidery quilts, tablecloths, bags, clothes, scarves, purses, nightgowns, bedsheets, pillow covers, etc.
What is Vietnam best at manufacturing?
With Vietnam’s labor force expanding, more good manufacturing opportunities may open up in the coming years. Vietnam is increasingly a production hub for general consumer goods like apparel, shoes, furniture, and stamped metal. It also produces electronic goods, but primarily for large multinationals.
What things are manufactured in Vietnam?
In reply to that: 1. What products are made in Vietnam?
- 1.1 Clothing. The keyword “products made in Vietnam” has been included in popular terms around the world.
- 1.2 Electronics.
- 1.3 Furniture.
- 1.4 Coffee.
- 1.5 Fish.
- 1.6 Crude petroleum.
- 1.7 Leather.
- 1.8 Fruit, vegetables, and nuts.
What is Vietnam known for?
Vietnam is a gorgeous Southeast Asian country bordered to the North by China, to the northwest by Laos, to the southwest by Cambodia, and to the east by the South China Sea. The Vietnam War was one of the events that Vietnam is known for globally. It is one of the most divisive and controversial wars in modern history.
What are the main industries in Vietnam?
Vietnam’s main industries are: textiles, food, furniture, plastics and paper as well as tourism and telecommunications. Agriculture represented 14.8 percent of GDP and employed 38 percent of the total workforce in 2021, according to the World Bank. What are the major imports of Vietnam?
What makes Vietnamese culture unique?
Answer to this: Now, Vietnamese culture is a whole new encyclopedia, but there are definitely things here and there that are distinctly Vietnam and uniquely Vietnamese. Ao Dai, Vietnam’s national costume, can be worn by both men and women. Its frequent exposure in international beauty pageants has given Vietnamese women a distinctive visual identity.
Is Vietnam a good country for low-cost manufacturing & sourcing?
In reply to that: Compared with other developing markets in the region, Vietnam is emerging as the clear leader in low-cost manufacturing and sourcing, with the country’s manufacturing sector accounting for 25 percent of the country’s total GDP in 2021.
What makes Vietnam a great country?
Such strategic absorption and adaptation have helped propel Vietnam to become one of the world’s most populous countries, with one of the most rapidly expanding market economies. The capital, Hanoi, is located in the north, while the country’s largest city, Ho Chi Minh City (formerly Saigon), is in the south.
Which companies make their products in Vietnam?
The response is: Several large companies do the bulk of their manufacturing here. Patagonia and The North Face do most of their production in Vietnam and H&M, Uniqlo, Gap, and J.Crew, among many others. Vietnam is also leading the way in sustainable manufacturing practices in the industry.
What is the fastest growing industry in Vietnam?
Response to this: Iron and steel are among Vietnam’s fastest-growing industries, growing at over 20% annually for almost a decade. Vietnam is the largest consumer and producer of steel in South East Asia. Vietnam can make over 16 million tons of steel annually and over 5 million tons of Iron.
What is Vietnam’s biggest export?
The reply will be: Vietnam is a country on the rise, and here are its 10 largest exports. According to the Observatory of Economic Complexity, a web tool which uses data from the United Nations, electrical gear and related equipment makes up the largest export category in Vietnam.