Saturday, February 9, 2008

Vietnam ONE year after joining the WTO

In the year since joining the WTO, Vietnam has welcomed many high-ranking delegations to discuss cooperative issues. Many foreign investors, enterprises and tourists have come to Vietnam to seek investment opportunities. As of January 11, 2007, under its WTO commitments in the services sector, Vietnam had to open up 11 of its industries. Due to these commitments, some sectors are facing fierce competition, including finance, banking, and telecommunications.
However, the competition has also brought a lot of benefits as Vietnamese goods will more easily penetrate foreign markets, benefiting many local manufacturers. So far, Vietnam has opened almost all areas to foreign investors.
The country’s export turnover in 2007 reached US$48 billion, up US$8.2 billion from 2006 and surpassing the 3.1 percent growth target set by the government. Vietnam’s key exports have posted high turnover, including seafood, rice, coffee, vegetables, rubber, cashew nuts and pepper
more info->VietNamNet Bridge

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