Vietnam
Asia & Middle East
Trade in Vietnam
| Viet Nam was the world’s 23rd largest exporter of goods and 53rd largest exporter of commercial services in 2022. Export values were $371.29 billion and $12.91 billion USD respectively. Viet Nam’s top export category was Manufactures, followed by Machinery and transport equipment, and Office and telecom equipment. In 2022, Viet Nam’s main export destination markets for goods and services trade were to United States, China and Japan, with trade representing 185.73 per cent of GDP. In terms of imports, Viet Nam is the world’s 20th largest importer of goods and 41st largest importer of commercial services. Import values were $359.15 billion and $25.57 billion USD respectively in 2022. Viet Nam’s top import category was Manufactures, followed by Machinery and transport equipment and Office and telecom equipment. Leading import partners were China, Korea, Republic of and Japan. Viet Nam is part of 16 different Regional Trade Agreements, including ASEAN – Australia – New Zealand and ASEAN – China. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Socialist Republic of Vietnam |
Abbreviation |
VN |
Capital |
Hanoi |
WTO Membership Date |
11 January 2007 |
Legal System |
civil law system; note - the civil code of 2005 reflects a European-style civil law |
Language |
Vietnamese |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Vietnamese đồng |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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National Tariff Finder |
https://www.vietnamtradeportal.gov.vn/?r=tradeInfo/index |
Trade Information Portal |
https://www.vietnamtradeportal.gov.vn/ |
Last Reviewed: June, 2024
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