TradeImeX

EVERYTHING YOU NEED TO KNOW ABOUT THE PLASTIC MARKET IN VIETNAM Plastic is a new-age and the most popular material that is used to manufacture daily consumer items. Plastic has become the most important type of raw material too for most industries that assist in the creation of certain useful finished products. The plastic industry is growing at a very rapid pace and is able to replace iron and steel in the making of goods and products. As this industry is growing quickly, it has made its much importance in the global economy also. The plastic industry is quite new in the global market and most specifically in Vietnam when compared with other traditional and age-old industries like electrical machinery, automobile, or textile. Despite being a new industry, the growth numbers of Vietnam are amazing, i.e., in the time duration of 2010-2020, the plastic industry of Vietnam went up by almost 16-18% every year. The plastic industry of Vietnam contributes a significant amount to Vietna

OVERVIEW There are numerous goods and products that are being traded to and from different countries in the world. The goods being transported range from as small as cotton and rubber products to the most complex and sophisticated machinery and electric gadgets. The most prominent mode of transportation used for trading is waterways, i.e., from ships. Goods are delivered from one port to another with the help of big cargo ships. Other alternate ways are through roads and airways. As there are so many products being traded, a unique coding system was introduced by the higher authorities who look after the Import Export Data of every country to make the system more organized and simple. These unique numbers were termed HS codes (Harmonized System Codes) which are allotted to each product and are unique to every product. HS codes now play a very crucial and primary role in trading goods as with the help of these codes, a trader can easily keep track of the goods he traded with different

A report or data set made on an ideal premise to record new or update old exchanges of a country that it has made through Imports and exports is known as a Global Trade Data report. This report is usually made by the most experienced information experts and other related authorities after very precise study and checks. The information entered in the Global Trade Data report is gathered from just authority and believed sources like traditional ports, government bodies, and political establishments. No third man or false claims are included in this report. These days, a term known as "production network disturbance" is becoming famous as it is adversely influencing the worldwide market. The things occurring under this disturbance are food deficiencies, non-accessibility of items, expansion, and political strains. These happenings are influencing Global Trade Data adversely due to which the countries are becoming reluctant to trade with other nations and are focusing more

  VIETNAM’S ECONOMIC BACKGROUND – SNEAK PEAK Vietnam is a lively nation, presently known as the Communist Republic of Vietnam, which is situated in the Southeastern piece of Asia with a complete land area of 311,700 km2. Vietnam is the sixteenth most populated country on the planet with a total headcount of 100 million individuals according to the measurements delivered in the year 2020. Vietnam imparts its regional limits or borders to mainly China, Laos, and Cambodia. As expressed above, besides being a dynamic economy, Vietnam is likewise quite possibly the quickest developing country on the planet in the ongoing global world and activities. Many huge organizations and firms are putting resources into Vietnam because of its modest and effective workforce. The nation is one of the respectable individuals from different worldwide gatherings like ASEAN, CPTPP, APEC, OIF, and WTO. Moving towards monetary development and reliance of Vietnam, the nation was generally subject to the