Vietnam is the 45th largest economy in the world. Vietnam import data shows the country import rising steadily for the last few years. It bases the data on data given to custom authorities at the ports. Vietnam imports data contains data in the bill of entry details: - importer and exporter name and contact details, product information–description, HS code, shipment date, and value.
Import Data Vietnam helps to search for genuine buyers and sellers from Vietnam easily. The data is updated monthly and is an invaluable tool for traders to begin their market research. The historical data present in the Vietnam import data helps importers make a more in-depth analysis.
Since both, the importer and exporter have required prerequisites to trade in the country. Both parties mentioned in the Vietnam import data can avail of financial services offered by banks.
Vietnam imports data showed the country imported approximately 255.8 billion dollars from around the world. The country imports represent 1.4% of total global imports. The major imported products of Vietnam are:-
Analysis of Vietnam import data shows other key imported products to the country are optical and medical apparatus, mineral fuel including oil, vehicles, , and fish. Import data Vietnam showed that imported fish was the fastest-growing commodity in imports. Vietnam uses fabrics in the textile industry which is a major export of the country.
Vietnam is among the fastest-growing economies in the world. Imports in Vietnam regulated tightly. Importers need an investment license to operate. Traders wanting to sell directly to customers require an additional license. The investment license must mention the product being imported. Importing of certain products need special permission from the government and require additional paperwork. The Vietnam government taxes imported products (import tax and value-added tax). Once registered, a trader/importer becomes a part of Vietnam Importers data. The data contains what they import and their contact information. Foreign importers often use the Vietnam import data to find local partner for better penetration into the Vietnam markets.
According to Vietnam Importers database, some major importers of Vietnam are:
Vietnam is the 33rd largest country in the world calculated by PPP (purchasing power parity). According to Vietnam imports data, 8 of the top ten importing partners to the country are in Asia. The major importing partners of Vietnam are:-
Other major importing partners to Vietnam according to Vietnam import data are Thailand, Malaysia, Germany, India, and Hong Kong.
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