Thread: Vietnam Prospers Under WTO Membership

Exports soar in first four months
(04-05-2007)

The Blue Diamond-HL02 container ship, built by Ha Long shipyard company, is part of the shipping construction sector’s exports to England. Exports across a range of sectors posted high growth during the first four months of the year. — VNA/VNS Photo Nguyen Dan

Ha Noi — Viet Nam earned a total export turnover of $14.5 billion during the first four months of the year, an increase of 22 per cent against the same period last year.
The figures were released in a report on the country’s socio-economic development during the past four months, which also saw total export turnover reaching 31 per cent of this year’s annual target.
According to Deputy Minister of Planning and Investment Cao Viet Sinh, high growth rates were reported in all key economic sectors, including industrial production, agriculture, foreign direct investment (FDI), services and the tourism industries.
However, many economists have attributed the rapid economic growth rate to several "virtual" factors.
As a new World Trade Organisation (WTO) member, Viet Nam enjoyed many new opportunities to expand Vietnamese goods across the world market, particularly to the US and EU markets which were restricted by quotas before WTO membership.
During the past four months, the volume of Vietnamese goods exported to the US increased by 27 per cent, and to the EU by 28 per cent, accounting for about 20 per cent of the country’s total export turnover..."

http://vietnamnews.vnanet.vn/showart...um=06ECO040507

great news!