Economic fields Sample Clauses

Economic fields. The EU is one of the leading investment and trading partners of Vietnam. Trade has been increasing rapidly - and most EU member states have invested in Vietnam. Trade is one of the important pillars in Vietnam – EU relations. Within the period 2000 – 2010, bilateral trade increased 4.3 times, from $4.1 billion in 2000 up to $17.75 billion in 20101, reaching $24,29 billion in 2011, a 36.88% increase compared to 2010. In 2011, Vietnam exports to the EU reached $16.55 billion, (a 45.32% increase) while imports from the EU reached $7.75 billion (a 21.79% increase in comparison with 2010). Two-way trade in the first 7 months of 2012 reached $15.47 billion, increasing by 20.39% in comparison to the same period of 2011 -Vietnam exports to the EU reached $10.91 billion, increasing by 23.73% while imports from the EU reached $4.56 billion, a 13.07% increase. At present, the EU is one of Vietnam’s biggest trading partners, the second biggest export market (after the US) and a relevant market for key products of Vietnam such as leather, shoes, textiles, green bean coffee, wood products, seafood, etc. Vietnam imports mainly machines, equipments, pharmaceuticals products, fertilizer and transport vehicles from the EU member states. Bilateral trade is complementary. Vietnam’s exports to the EU have been shifting from lower quality goods and raw agricultural products to higher quality products. In the field of investment: EU is one of the leading investors in Vietnam. Until June 2012, 20 out of 27 EU member states have invested in Vietnam with 1.188 valid projects with a total registered capital over $18 billion. Vietnamese businessmen have also invested in at least 12 EU member states (Belgium, Bulgaria, Czech Republic, France, Germany, Greece, Italy, 1 In 2006, Vietnam – EU trade reached $10.2 billion, about 2.5 times the trade in 2000, 5.1 times in comparison with 1999 and 7.39 times in comparison with 1995. Netherlands, Poland, Spain, Sweden and, U.K) with a total registered capital of $35.9 million. Development cooperation (ODA): EU is the second largest bilateral donor of Vietnam and the biggest in term of grant development aid with a total committed ODA of more than $11 billion between 1996 – 2010 (disbursement of over $5 billion), making positive contributions to Vietnam’s economic and social development progress. Sectoral cooperation: The EU and its member states have close cooperation ties with Vietnam in various prioritized sectors for Vietnam and the EU such ...
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Related to Economic fields

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  • Creative Commons Attribution-Non-Commercial-NoDerivs License The Creative Commons Attribution Non-Commercial-NoDerivs License (CC-BY-NC-ND) permits use, distribution and reproduction in any medium, provided the original work is properly cited, is not used for commercial purposes and no modifications or adaptations are made. (see below) Use by commercial "for-profit" organizations Use of Wiley Open Access articles for commercial, promotional, or marketing purposes requires further explicit permission from Wiley and will be subject to a fee. Further details can be found on Wiley Online Library xxxx://xxxxxxx.xxxxx.xxx/WileyCDA/Section/id-410895.html Other Terms and Conditions:

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