Eagle Eyes Quality Inspection Co.,Ltd is a professional Third Party Inspection company, offering Quality Control, Factory Audit and Container Loading Supervision service. We see the fast production growth in Vietnam and yet their production quality not as high/ constant as in China, so we expand our inspection coverage to Vietnam to help our clinets watch their production quality. We have qualified quality inspectors in Vietnam, we are right here to ensure your products purchased in Vietnam can meet your specifications, quality standards and safety requirements.
In our Vietnam Inspection Service and Vietnam Quality Control Service,common Products Inspected As Below:
Garment (pajamas, bra, uniform, shirt, pant), bags, caps ,gloves ,backpacks, Shoes (High-heels)
, bedding sets etc
Rubber products(mattress), frozen seafood, cashew nuts, tea,peanut, rice, coffee, wooden products(Furniture) etc
Electronics: camera, speaker, Tablet PC, laptop, mobile phone and Telephone accessories and many more
QA & QC Inspection Service Networks: Major manufacturing cities across Vietnam.
QA & QC Inspection Services:
For more information on the services we provide in Vietnam, please contact us
Economy of Vietnam
Throughout the history of Vietnam, its economy has been largely on agriculture based on wet rice cultivation. There is also an industry for bauxite mining in central Vietnam, an important material for the production of aluminium. Since reunification, the country economy is shaped primarily by the Communist Party of Vietnam (CPV) through the Five Year Plans which are being decided from the plenary sessions of the Central Committee and national congresses. The collectivisation of farms, factories and capital goods was carried out as components in establishing central planning, with millions of people working in state enterprises. Despite strict state control, Vietnam's economy continued to be plagued with inefficiency and corruption in state-owned enterprises, poor quality and underproduction. With the decrease of Soviet economic aid as the main trading partners for Vietnam following the erosion of the Eastern bloc in the late 1980s and subsequent Soviet Union collapse in addition to the negative impacts from the post-war trade embargo imposed by the United States,Vietnam began to liberalise its trade by devaluing its exchange rate to increase exports and embark on a policy of economic development.
In 1986, the Sixth National Congress of the CPV introduced socialist-oriented market economic reforms as part of the Đổi Mới reform program with private ownership began to be encouraged in industries, commerce and agriculture and state enterprises were restructured to operate under market constraints, resulting the old-fashioned five-year economic plans are being replaced with socialist market mechanism. As a result of these reforms, Vietnam achieved around 8% annual Gross domestic product (GDP) growth between 1990 and 1997, with the United States also ended its economic embargo against Vietnam in early 1994. Despite the 1997 Asian financial crisis affecting Vietnam and causing economic slow down to 4-5% growth per annum, its economy began to recover in 1999, with growth at an annual rate of around 7% from 2000 to 2005 and making the country as one of the world's fastest growing economies. According to General Statistics Office of Vietnam (GSO), growth remained strong even in the face of the late-2000s global recession, holding at 6.8% in 2010, although Vietnam's year-on-year inflation rate hit 11.8% in December 2010 with the country currency, the Vietnamese đồng are being devalued three times.
Since the early 2000s, Vietnam has applied sequenced trade liberalisation, a two-track approach opening some sectors of the economy to international markets. Manufacturing, information technology and high-tech industries now form a large and fast-growing part of the national economy. Though Vietnam is a relative newcomer to the oil industry, it is currently the third-largest oil producer in Southeast Asia with a total 2011 output of 318,000 barrels per day (50,600 m3/d). In 2010, Vietnam was ranked as the 8th largest crude petroleum producers in the Asia and Pacific region. The United States was the country that purchased the highest amount of Vietnam's exports, while goods from China were the most popular Vietnamese import.
According to a December 2005 forecast by Goldman Sachs, the Vietnamese economy will become the world's 21st-largest by 2025, with an estimated nominal GDP of $436 billion and a nominal GDP per capita of $4,357. Based on a findings by International Monetary Fund (IMF) in 2012, the unemployment rate in Vietnam stood at 4.46%. Along the same year, Vietnam's nominal GDP reached US$138 billion, with a nominal GDP per capita of $1,527. The HSBC also predicted that Vietnam's total GDP would surpass those of Norway, Singapore and Portugal by 2050. Another forecast by PricewaterhouseCoopers in 2008 stating that Vietnam may be the fastest-growing of the world's emerging economies by 2025, with a potential growth rate of almost 10% per annum in real dollar terms. Apart from the primary sector economy, tourism has contributed significantly to Vietnam's economic growth with 7.94 million foreign visitors are recorded in 2015.
Vietnam Economic Outlook
The economy recorded its strongest annual expansion in a decade in 2018, rounded off by a surge in growth in the final quarter. A stellar performance from the services sector and brisk industry and construction activity powered the Q4 GDP print, while agricultural output also picked up. The manufacturing subsector was a star performer in Q4, and in 2018 overall, while flourishing tourism was also a key driver of growth. Momentum in the industrial sector should spill over into Q1 as seen by companies’ upbeat business confidence. In other news, the government recently announced plans to revive a USD 58 billion high-speed rail line project from Hanoi to Ho Chi Minh City. The railway, if approved by the National Assembly, would boost infrastructure spending significantly and could support tourism and economic activity along the route once operational.
Vietnam Economic Growth
The outlook for 2019 remains bright, although growth is expected to slow from 2018’s robust showing. FDI inflows are expected to support export-oriented sectors and fortify Vietnam’s expanding role as a manufacturing hub in the region. Greater economic integration should also buoy the external sector and bring a fresh wave of FDI inflows. Moreover, the country is expected to capture diverted supply chains and company relocations due to persisting US-China trade tensions. FocusEconomics panelists project the economy expanding 6.6% in 2019, which is unchanged from last month’s forecast, and 6.3% in 2020.
Vietnam Economy Data
|
|
2013 |
2014 |
2015 |
2016 |
2017 |
|
Population (million) |
89.8 |
90.7 |
91.7 |
92.7 |
93.6 |
|
GDP per capita (USD) |
1,893 |
2,029 |
2,033 |
2,110 |
2,355 |
|
GDP (USD bn) |
170 |
184 |
186 |
196 |
221 |
|
Economic Growth (GDP, annual variation in %) |
5.4 |
6.0 |
6.7 |
6.2 |
6.8 |
|
Consumption (annual variation in %) |
5.2 |
6.1 |
9.3 |
7.3 |
- |
|
Investment (annual variation in %) |
5.3 |
9.3 |
9.4 |
9.9 |
- |
|
Industrial Production (annual variation in %) |
5.9 |
7.6 |
10.0 |
7.3 |
9.4 |
|
Unemployment Rate |
3.6 |
3.4 |
3.4 |
3.2 |
- |
|
Fiscal Balance (% of GDP) |
-6.6 |
-6.3 |
-6.3 |
-5.6 |
- |
|
Public Debt (% of GDP) |
51.8 |
55.0 |
57.0 |
59.8 |
- |
|
Money (annual variation in %) |
18.9 |
17.7 |
16.2 |
18.4 |
- |
|
Inflation Rate (CPI, annual variation in %, eop) |
6.0 |
1.8 |
0.6 |
4.7 |
2.6 |
|
Inflation Rate (CPI, annual variation in %) |
6.6 |
4.1 |
0.6 |
2.7 |
3.5 |
|
Inflation (PPI, annual variation in %) |
5.3 |
3.3 |
-0.3 |
-0.5 |
2.8 |
|
Policy Interest Rate (%) |
7.00 |
6.50 |
6.50 |
6.50 |
6.25 |
|
Exchange Rate (vs USD) |
21,095 |
21,388 |
22,485 |
22,771 |
22,710 |
|
Exchange Rate (vs USD, aop) |
21,029 |
21,198 |
21,929 |
22,370 |
22,716 |
|
Current Account (% of GDP) |
4.6 |
5.1 |
0.3 |
4.6 |
2.9 |
|
Current Account Balance (USD bn) |
7.7 |
9.4 |
0.6 |
9.0 |
6.4 |
|
Trade Balance (USD billion) |
0.4 |
0.8 |
-4.1 |
2.1 |
2.9 |
|
Exports (USD billion) |
133 |
150 |
162 |
177 |
215 |
|
Imports (USD billion) |
133 |
149 |
166 |
174 |
212 |
|
Exports (annual variation in %) |
16.5 |
12.6 |
7.9 |
9.0 |
21.6 |
|
Imports (annual variation in %) |
18.2 |
12.3 |
11.3 |
5.0 |
21.4 |
|
International Reserves (USD) |
25.9 |
34.2 |
28.3 |
36.5 |
- |
|
External Debt (% of GDP) |
38.5 |
39.3 |
41.7 |
44.5 |
- |
Agriculture
As a result of several land reform measures, Vietnam has become a major exporter of agricultural products. It is now the world's largest producer of cashew nuts, with a one-third global share; the largest producer of black pepper, accounting for one-third of the world's market; and the second-largest rice exporter in the world after Thailand since the 1990s. Subsequently, Vietnam is also the world's second largest exporter of coffee. The country has the highest proportion of land use for permanent crops together with other nations in the Greater Mekong Subregion. Other primary exports include tea, rubber and fishery products although agriculture's share of Vietnam's GDP has fallen in recent decades, declining from 42% in 1989 to 20% in 2006 as production in other sectors of the economy has risen.
Administrative divisions
Vietnam is divided into 58 provinces (Vietnamese: tỉnh, from the Chinese 省, shěng). There are also five municipalities (thành phố trực thuộc trung ương), which are administratively on the same level as provinces.
(A clickable map of Vietnam exhibiting its 58 provinces and 5 centrally controlled municipalities.)
|
Red River Delta
Bắc Ninh (Bac Ninh)
Hà Nam (Ha Nam)
Hải Dương (Hai Duong)
Hưng Yên (Hung Yen)
Nam Định (Nam Dinh)
Ninh Bình (Ninh Binh)
Thái Bình (Thai Binh)
Vĩnh Phúc (Vinh Phuc)
Hà Nội (municipality) (Ha Noi)
Hải Phòng (municipality) (Hai Phong)
North Central Coast
Hà Tĩnh (Ha Tinh)
Nghệ An (Nghe An)
Quảng Bình (Quang Binh)
Quảng Trị (Quang Tri)
Thanh Hóa (Thanh Hoa)
Thừa Thiên–Huế (Thua Thien-hue)
Southeast
Bà Rịa–Vũng Tàu (Ba ria - vung tau)
Bình Dương (Binh Duong)
Bình Phước (Binh Phuoc)
Đồng Nai (Dong Nai)
Tây Ninh (Tay Ninh)
Hồ Chí Minh City (municipality) (saigon)
(Ho Chi Minh)
|
Northeast
Bắc Giang (Bac Giang)
Bắc Kạn (Bac Kan)
Cao Bằng (Cao Bang)
Hà Giang (Ha Giang)
Lạng Sơn (Lang Son)
Lào Cai (Lao Cai)
Phú Thọ (Thu Tho)
Quảng Ninh (Quang Ninh)
Thái Nguyên (Thai Nguyen)
Tuyên Quang (Tuyen Quang)
Yên Bái (Yen Bai)
Mekong Delta
An Giang (An giang)
Bạc Liêu (Bac Leiu)
Bến Tre (Ben Tre)
Cà Mau (Ca Mau)
Đồng Tháp (Dong Thap)
Hậu Giang (Hau Giang)
Kiên Giang (Kien Giang)
Long An (Long An)
Sóc Trăng (Soc Trang)
Tiền Giang (Tien Giang)
Trà Vinh (Tra Vinh)
Vĩnh Long (Vinh Long)
Cần Thơ (municipality) (Can Tho)
|
Northwest
Điện Biên (Dien Bien)
Hòa Bình (Hoa Binh)
Lai Châu (Lai Chau)
Sơn La (Son La)
South Central Coast
Bình Định (Binh Dinh)
Bình Thuận (Binh Thuan)
Khánh Hòa (Khanh Hoa)
Ninh Thuận (Ninh Thuan)
Phú Yên (Phu Yen)
Quảng Nam (Quang Nam)
Quảng Ngãi (Quang Ngai)
Đà Nẵng (municipality) (Danang)
Central Highlands
Đắk Lắk (Dak Lak)
Đắk Nông (Dak Nong)
Gia Lai (Gia Lai)
Kon Tum (Kon Tum)
Lâm Đồng (Lam Dong)
|
