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Throughout the next five years after 2007, Vietnam ran a trade deficit with the rest of the world in the tens of billions of dollars, with the record trade deficit in 2008 of US$18 billion. [97] The account deficit has since decreased. In 2012, Vietnam recorded a trade surplus of US$780 million, the first trade surplus since 1993.
Anhao Paper Factory, 1961. South Vietnam had a small industrial sector and fell far behind other countries in the region in this respect. [1] Output increased 2.5 to 3 times over the 20 years of the country's existence, but the share in total GDP remained at only around 10%, even dropping to 6% in some years, while the economy was dominated by strong agricultural and service sectors. [1]
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
U.S. trade data released on Thursday showed the country's deficit with Vietnam reached $102 billion in the first ten months of this year, nearly a 20% increase over the same period in 2023.
Vietnam's large trade surplus with the United States may reignite tensions with Washington in the event of a second Trump presidency, analysts warned, as exports of solar panels and other ...
2.6 million tonnes of cashew nut (largest producer in the world), Blood cashews human rights report; [9] 2.0 million tons of banana (20th largest producer in the world); 1.6 million tons of coffee (2nd largest producer in the world, only behind Brazil); 1.5 million tons of coconut (6th largest producer in the world);
Blood cashews is the media term for a 2011 Human Rights Watch (HRW) report on cashew production in Vietnam, The Rehab Archipelago, which claimed human rights abuses in the use of people in drug-detention centres. [1] [2] Vietnam is known as the world's largest cashew nut exporter with 24.5 percent share [3] of the global cashew
Cashew nuts are an important export product for Bình Phước as well as Vietnam in general. Exports in 2010 are expected to reach US$1 billion, while there are also increasing imports of raw cashew nuts because processing capacity by now significantly exceeds the quantity grown in Vietnam.