ORGANIZATION ECONOMICS

Vietnam rice exporting industry in WTO

Successes and the method ahead

GROUP 15

01. Duong Thailander Ha

02. Nguyen An Nghia

03. Dam Phuong Thuy

apr. Ly Thi Minh Thuy

05. Hoang Huyen Bus

TABLE OF CONTENTS

We. INTRODUCTION

2. THE CURRENT STATUS OF VIETNAM RICE EXPORTING INDUSTRY IN WTO

вњ“ Vietnam grain industry just before joining WTO

вњ“ Influences on Vietnam when becoming a member of WTO

III. WHAT IS STILL TO APPLY ALL REQUIREMENTS OF WTO

вњ“ Reduce tas tariffs

вњ“ Restructure the agricultural market with focus on the very competitive items Continue apply the foreign trade tariffs

✓ Maintain security policies and strengthen ‘green box' polices

вњ“ Reform the economics law body

вњ“ Available for overseas investment

вњ“ Equitize Vietnamese enterprises

IV. CONCLUSION

REFERENCE

INTRODUCTION

Since becoming a member of the WTO on January 11, 2007, Vietnam's foreign trade turnover in addition has soared dramatically. Vietnam low domestic item (GDP) reached approximately US$ 120 billion dollars in 2011, 2 . 3 times bigger from 2006 with US$53 billion. GDP per capita was US$1, 300, two times as much such as 2006 (US$ 640). Vietnam has also fascinated more than some, 000 foreign direct expense (FDI) jobs worth over US$114 billion, 4. five times higher than the point set for the 2006-2010 period. The export proceeds is come to USD 71. 6 billion dollars, increasing simply by 25. 5% against 2009, of which the domestic monetary sector increases USD 32. 8 billion dollars, up by simply 22. seven percent in 2010. This summer, the physique is highly valued at CHF 8. a few billion, increasing the total foreign trade turnover inside the first 10 months to USD 79 billion, a year-on-year increase of thirty four. 6%. Joining the WTO has also elevated people's knowing of international the usage, which has altered Vietnam's global position and led to an extensive reworking of a number of the Government's guidelines. It is said that 30 percent of administrative methods have been lowered under intercontinental pressure to simplify procedures. Opening the marketplace, removing duty barriers and subsidies, applying principles of non – discrimination, and implementing translucent policies possess facilitated the development of local corporations, and thus organization standards possess gradually increased. The products have been exported widely to 150 countries and areas, with many industries benefiting from WTO membership including labor-intensive industries like clothes, footwear, food and gadgets. Vietnamese merchandise are no longer discriminated against and domestic buyers now have in order to buy many different imported items at more affordable prices. Nevertheless , there are still various difficulties in advance. After five years getting into the WTO, Vietnam's competition is limited to abundant all-natural resources, low-paid labor and low item prices. The growing prices of advices on the global market include sent input costs to more than 70 percent of product rates Vietnamese businesses invest almost no for technology, with about 0. a couple of percent -- 0. a few percent of total income. Vietnamese companies are thus employing low prices to strengthen competitiveness and they usually encounter with antidumping lawsuits. Businesses have not true their brandnames on the globe market, renovated technologies and particularly increased up monetary strengths. Vietnam has not well prepared well enough to consider opportunities and resist bad impacts using this playing ground.

Grain exporting sector is no exception to this treadmill machine. The farming product come to $548 billion dollars in terms of yield per year. Vietnam's farming export enjoys the minimum duties and elimination of nontariff limitations. WTO atmosphere promotes good competition to boost business efficiency of peasants as well as businesses, acquires modern technology, and grow markets to get agricultural items. However , foreign economic the use does not bring direct rewards to agriculture and peasants, but simply create...

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