Viet Nam – Sri Lanka Trade:
Vietnamese Perspective
Presented by: Mr. Tran Quang Huy
D
Deputy
t Di
Director
t General
G
l
South West Asia & Africa Department
Ministry of Industry and Trade
Content
• Viet Nam at a glance
g
• Viet Nam’s Foreign Trade
• Viet Nam – Sri Lanka Trade
Part I:
Viet Nam at a glance
Viet Nam in a snapshot
ƒ Location:
ƒ
ƒ
ƒ
ƒ
Eastern margin of Indochinese peninsular,
bordering China, Laos, Cambodia
331 211 km
331.211
88 million (2011)
Ha Noi
Total area:
Population:
Capital:
Economy:
ƒ Target: becoming an industrialised country by 2020
(
)
ƒ GDP:
USD 110 billion (2011)
ƒ GDP growth: 5.89% (2011);
ƒ GDP structure: agriculture 20%, industry 41%, services 39%
ƒ Industry structure: manufacturing 89.5%;
89 5%; electricity,
electricity gas
and water 5.6%; mining 4.9%.
ƒ Main industries: oil & gas, electricity, textile & garment,
footwear food processing,
footwear,
processing machine‐building
machine‐building, furniture,
furniture
electronics, mining.
Economic Reform
ƒ Moving to a market economy with socialistic orientation.
ƒ Development of a multi‐sector economy, development of
a private sector.
ƒ Diversifying and developing external economic relations.
ƒ Reform of the public administration, establishment of a
legal framework for the market‐economic system
system.
International economic integration
ƒ Member of ASEAN,
ASEAN APEC,
APEC ASEM,
ASEM WTO
ƒ Party to ASEAN Free Trade Area with China, South
Korea,, Australia‐New Zealand,, Japan
p and India
ƒ FTA with Japan and Chile
ƒ Negotiating party to Trans‐Pacific Strategic Economic
Partnership Agreement (TPP)
Part II:
Viet Nam’s Foreign Trade
Turnover
Unit: USD bil.
120
106.7
106
7
96.9
100
80
62.7
60
84.8
80.7
62.7
69.9
72.2
57.1
Export
48.2
Import
40
20
0
2007
2008
2009
2010
2011
Export items in 2011
No.
Items
Volume (USD mil.)
1
Textile and garments
14,043
2
Crude oil
7,241
3
Mobile phones
6 885
6,885
4
Footwear
6,549
5
Fishery products
6,112
6
Electrical products
4,669
7
Wooden products
3,955
8
Rice
3,656
9
Rubber
3,234
10
Coffee
2,752
Total
96 905
96,905
Export markets in 2011
16,927
US
China
11,125
49 991
49,991
Japan
Korea
Germany
Others
10,781
Unit: USD mil
mil.
3 366
3,366
4,715
Import items in 2011
No.
Items
Volume (USD mil.)
1
Machine and equipment
15,341
2
Petroleum products
9,878
3
Electrical products and components
7 973
7,973
4
Fabrics
6,730
5
Iron and steel
6,433
6
Plastics
4,760
7
Textile, leather and footwear materials
2,948
8
Chemicals
2,696
9
Animal feed
2,373
10
Yarn
1,533
Total
106 749
106,749
Import markets in 2011
24,593
Chi
China
Korea
45,808
Japan
Singapore
13,175
Thailand
Others
10,400
Unit: USD mil
mil.
6 383
6,383
6 390
6,390
Part III:
Viet Nam – Sri Lanka Trade
Signed pacts
‰ Trade Agreement.
‰ Agreement on Double Taxation Avoidance.
‰ Agreement on Investment Protection and Encouragement.
Encouragement
‰ Agreements on Aviation Transport.
‰ MOU on machinery
hi
manufacturing
f
i cooperation.
i
‰ MOU on cooperation in petroleum sector.
‰ Contract for purchasing oil products.
Turnover
Unit: USD mil.
Export
p Items in 2011
M i items
Main
it
Value
(Millions USD)
Total Export
83.4
F tili
Fertilizer
16 5
16.5
Yarn
11.2
Rubber Products
9.1
Beer
6.6
Steel & Iron
5.3
Fabric
44
4.4
Plastic
3.4
Clinker
2.4
Ch i l Products
Chemical
P d
15
1.5
Electronics and Computers
1.4
Import Items in 2011
Items
Value
(Millions USD)
Total Import
29.9
Cattle Feed Ingredient
23.9
Rubber Products
1.1
Textile Accessories
0.8
F bi
Fabric
07
0.7
Reasons for low trade volume
•
•
•
•
Lack
ac o
of information
o a o aamong
o g bus
business
ess co
communities
u es
Limited trade promotion activities
Low exchange of business missions
L k off participation
Lack
i i i
b enterprises
by
i
i trade
in
d fairs
f i and
d
exhibitions
The way forward
• Goal
G l for
f bilateral
bil
l trade
d volume:
l
USD
S 1 billion
billi
– Conducting a feasibility study of PTA between two
countries;
– Further enhancing the exchange of products that either
country has advantage and supplement the other;
– Further exchange of business missions; participation in
trade fairs and exhibitions;
– Promoting investment cooperation;
– Businessmen keeping contact with embassies, chambers
of commerce and industryy & other trade p
promotion
agencies for business opportunities.
Useful links and contacts
•
•
•
•
•
•
•
•
•
•
•
•
Ministry of Industry and Trade
www.moit.gov.vn
Mi i
Ministry
off Planning
Pl
i and
d Investment
I
www.mpi.gov.vn
Chamber of Commerce and Industry
www.vcci.com.vn
Viet Nam Customs Administration
www.customs.gov.vn
Viet Nam Trade Promotion Agency
www.vietrade.gov.vn
Viet Nam Foreign Investment Agency
http://fia.mpi.gov.vn/
Thanks
Th
k
for your attention!