Expanding business Essay Example | Topics and Well Written Essays - 500 words

Expanding business - Essay Example Vietnam has a varied climate. In the north, the average temperature is around 27Â ° C and 21 Â °C in the south. Generally, Vietnam has a tropical monsoon climate with average humidity of 84% all year round. Vietnam falls in both tropical and temperate climatic zones that varies climate of Vietnam. On the northern part, Vietnam falls in the temperate climate zone and tropical climate on the Southern part. The north part of the country experience cool and dry weather from November to April and hot and rainy weather from May to October. From July to November, the coastal regions of Vietnam experience typhoons that can have the devastating impact. Randomly, there are also floods and droughts that take place that has an enormous impact on lives and agriculture (VBN Para 8). Vietnam’s natural resources are phosphates, coal, manganese, bauxite, chromate, offshore oil and gas deposits, forests, and hydropower (VBN Para 3). Agricultural resources of Vietnam are Rice, Rubber, Coffee, Cashew nuts, Pepper, Tea, and Fruits and Vegetables. Major industries include coal, tin, chrome, power station, tobacco, tea and cunning factories, pharmaceutical, textile, food processing (VBN Para 4). Vietnam’s main trading partners are Japan, China, the USA, Singapore and Taiwan. The relations between Vietnam and the USA ended up by signing a bilateral trade agreement in December 2001 that increased export to the USA from Vietnam. This trade agreement made the USA the second largest trading partner of Vietnam and increased trade between the two countries by $15.4 billions in 2009. The major export of Vietnam is Crude oil and it is the major crude oil exporter in Asia. Its main countries of export include China, Singapore, Japan, Britain, and the USA (VBN Para 6). Textile and Garment: Vietnam is the world’s 16th biggest garment and textile exporter. It currently accounts for 2.5 % of the world’s total market share and the major importing countries are the USA, EU, and