Vietnam’s exports more sophisticated: WB
Vietnam’s exports have become more sophisticated with an impressive diversification of exports and increases in higher-value manufacturing exports, according to a recent World Bank report.
The report found that manufacturing exports now accounted for about 85 per cent of total exports, up from 65 per cent in 2010, driven by dynamic growth in the export-oriented foreign sector.
Higher-value manufacturing exports, such as phones, computers, cameras, electronics and related components, increased from a 5 per cent share in 2010 to an estimated 35 per cent in 2018.
