After officially becoming a member of ASEAN in 1995 , Vietnam relations – ASEAN has constantly expanded , particularly in the fields of trade cooperation .
Research leads to statistics from the Vietnam Index 1992-2012 Ministry of Industry and Trade has been published recently showed that , compared to 2003 , bilateral trade ASEAN – Vietnam increased nearly 4 -fold to 35.3 billion U.S. dollars in 2011 , accounting for about 18 % of total ASEAN trade of Vietnam . By 2012 , this figure rose to more than $ 38 billion . Also during this period , the growth rate of the average exports from Vietnam to ASEAN by 23 % and imports 19% .
Structure of Vietnam’s exports to ASEAN moving in a positive direction , improved in both quality and value . From the preliminary processing of agricultural products and raw fuel as rice , coffee , rubber , crude oil processing low concentrations , Vietnam has exported more consumer goods , industrial goods such as computer components , textiles, processed agricultural products and cosmetics with high and stable value . Vietnam and other ASEAN countries to join the club, the largest exporter in the world rice , rubber , coffee , cashew nuts , textiles .
On the import side , the ASEAN market offers great import to Vietnam . Imports from ASEAN accounted for 17.7 % of total imports of goods into Vietnam . Goods imported to focus on the group of fuels , materials used for production – business and consumers . In trade relations with ASEAN , Vietnam has trade deficit with imports accounting for 54 % of total trade turnover .
” The face ” major partners
At each regional market , present , Singapore is the largest importer of Vietnam , accounting for 33 % of total import turnover of Vietnam to ASEAN in 2012 . If Singapore separated from ASEAN into a private partner , even countries also ranked in the top 4 economies most exported to Vietnam after China , Japan and South Korea .
According to analysts , bilateral cooperation Vietnam – Singapore has achieved rapid growth is due to the two countries signed the Framework Agreement on Connect the two economies . Moreover, compared with the market in the region , Singapore is a country with a free trade policy with greater openness , most of the imported goods on the market are completely tax free .
In ASEAN, if Singapore ‘s largest import partners are Malaysia ‘s largest export partner of Vietnam . Vietnam ‘s exports to Malaysia market has increased 40-fold , from 110.6 million in 1995 to $ 4.5 billion in 2012. In particular , the trade balance of goods trade with Vietnam in Malaysia in 2012 was transferred to a state with a surplus of $ 1.08 billion trade surplus after years of deficits .
After Singapore and Malaysia , Thailand is an important trade partner of Vietnam Monday in both exports and imports . Trade cooperation between Vietnam and Thailand grew sharply from 541.1 million in 1995 to $ 8.6 billion in 2012. In particular , increased exports and imports increased 28 times 13 times .
The remaining countries in the region such as Laos , Cambodia , the Philippines , only trade with Vietnam under the $ 3 billion / year . Myanmar is a country with the level of trade cooperation with Vietnam in the low block .
2015 , the ASEAN Economic Community will be formed . This will be an important prerequisite to further tighten the organic relationship between Vietnam and the ASEAN economies .