Dairy market in Vietnam Vietnam The Socialist Republic of Vietnam is a country located in Southeast Asia, bordering the People's Republic of China to the north, Laos and Cambodia to the west, and the Gulf of Tonkin to the south and east. The Republic exists in its present form since 1976 after completion of the Vietnam War and the conquest of South Vietnam by North Vietnam.
In addition, like other Southeast Asian countries, Vietnam is experiencing rapid economic growth. The consumption level of its population, which numbers approximately 90 million people, is experiencing significant growth in recent years and the demand for milk and other dairy products is on the rise.
The Vietnamese Economy – Facts:
The lions share of the Vietnamese economy is based on agriculture although only one quarter of the country's total area is considered suitable for farming. The country's no. 1 crop is rice and Vietnam is one of the largest and most important global producers of the crop, and even though it must care for the growing consumption of its own population, the country is left with a rice surplus for export. In addition, the country also grows rubber trees, corn, sugarcane, pepper, tea, tobacco and sweet potatoes. Northern cities such as Hanoi and Haiphong are characterized by heavy industry which is based on coal and iron deposits present in the region. In addition, the north also includes deposits of other metals, however, their mining is still in its infancy phase.
In 2010 the country's gross domestic product was estimated at approximately
1 04 billion USD, which in terms of local purchasing power is estimated at approx. $275 billion USD. In the years prior to the global crisis, between 2004
and 2007, Vietnam experience a real annual growth rate of over 8%. During the crisis (2008 – 2009) the annual growth rate dropped, as a result of the sharp decrease in volumes of global trade, to a level of 6%, while in the coming years the country is expected to maintain a constant and stable growth rate of slightly more than 7% per annum.
In 2010, Vietnam's total imports amounted to 79 billion dollars, a rise of 26% over the previous year. In coming years, the country expects an increase of מנהל עסקים% in the total amount of imports, slightly less than the increase experienced during this last year and during the years prior to the global crisis (an average increase of 26% between 2004 and 2007). The total trade in goods during the last year was approximately $משפטים0 billion USD, an increase of about 23% compared to 2009 while the exports of goods amounted to approximately $71 billion USD, an increase of
5 % over the previous year. In recent years Vietnam's trade focuses mainly on the export of textiles, clothing, footwear, crude oil, fish, fishing products and electronic equipment, while imports are based on machinery, electrical equipment, energy products and steel. The main export countries (listed by order of importance) are the USA, the European Union, ASEAN countries, Japan and China, while the main export countries are China, the ASEAN countries, South Korea, Japan and the European Union.
Strengths and Weaknesses Strengths …