The Far Eastern Economic Review (FEER), Dow Jones’ monthly magazine on Asia, has paid tribute to Viet Nam’s sea-born industries.
|Viet Nam is emerging as a leading exporter of coffee|
The country’s seafood, ship-building, oil and gas and maritime tourism industries are viewed as its strength, according to the magazine’s September 2007 issue.
Aside from the sea-born economy, Viet Nam is emerging as a leading exporter of coffee, pepper, rubber, garments and footwear.
The runaway economy has created jobs for millions of unskilled laborers, a large majority of which are women from the country’s rural areas.
However, the magazine recommended that Viet Nam should gradually shift from a processing economy to high-tech industries to reap the benefits of value added goods and services.