Vietnam is currently the second largest manufacturer of furniture in the world, behind only China. However, Vietnam is the fastest growing manufacturer of furniture in the world while Chinese furniture production is decreasing. Vietnam’s furniture industry is very diverse ranging from high-end custom made wood furniture to small boutique shops. Companies like IKEA, Ashley Furniture,…
Vietnamese electrical and electronics industry is rising to become the world’s next electronics manufacturing hub with the presence of many international giants. In recent years, the electronics industry has grown rapidly and has become one of the most important sectors of Vietnam’s economy. The development of Vietnam’s electronics industry is attributed to the large investments…
Vietnam is one of the world’s leaders in printing and packaging. It has been growing stably with an annual growth rate of 15-20%, and is expected to continue to expand in the near future. According to the Association of Vietnam Retailers (AVR), a population of over 90 million and a rapidly increasing number of tourists…
The Agriculture is one of the most important economic sectors in Vietnam. Vietnam has great advantages to develop comprehensively. Natural conditions and resources allow Vietnam to develop a tropical agriculture. With a tropical climate, differentiation in North – South direction and terrain’s height affect the fundamental and seasonal structure of agricultural products in Vietnam. Differentiation…
The global fashion accessories market is projected to grow at a CAGR of 12.3% during the forecast period (2020 – 2025). The fashion industry is highly competitive in nature, and requires continuous innovation and development, especially in case of the product design and improvement, with changing consumer trends, which is driving the growth of the…
Mechanical engineering is one of the oldest branches of engineering, dating back to the first wheels were put to practical use by mounting them on an axle to make a cart. Throughout recorded history, people have been inventing and building increasingly more sophisticated devices and machines in order to improve the conditions of life. Many…
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EVFTA are two important new-generation free trade agreements to which Vietnam is a party, the former being inherited from the Trans-Pacific Partnership after the United States unilaterally withdrew from it. The following export product groups represent the highest dollar value in Vietnamese global shipments…