Vietnam Trade

What is trade?

• Trade is the act of providing loans to businesses.
• Trade is the sale of real estate only.
• Trade is the exchange of goods and services.
• Trade is the process of manufacturing goods.

What is Fairtrade?

• Fairtrade is a certification for organic products.
• Fairtrade is a movement that promotes fair trading practices and sustainability for producers in developing countries.
• Fairtrade is a marketing strategy for luxury goods.
• Fairtrade is a government program for food distribution.

Name three important Vietnamese imports and exports

Which industry is a major contributor to Vietnam's export economy?

• Textile industry

• Automobile industry

• Pharmaceutical industry

• Oil and gas industry

What role does trade play in Vietnam's economy?

• It drives growth and development

• It has minimal impact

• It only benefits the agricultural sector

• It leads to economic instability

How has trade affected Vietnam's economic structure?

• It has helped transition from an agrarian to an industrialized economy

• It has made Vietnam more dependent on agriculture

• It has led to a decrease in foreign investment

• It has caused a decline in living standards

What is the purpose of international trade?

• To increase competition among local businesses.

• To create a single global currency.

• To eliminate all tariffs and taxes on goods.

• To allow countries to specialize in the production of certain goods.

True or False: Singapore is in the top 10 countries Vietnam imports from.

• True

• False

True or False: Germany is in the top 10 countries Vietnam exports goods to.

• True

• False

Can you recall the top 5 countries Vietnam imports from?

• China

• Indonesia

• Malaysia

• South Korea

• Japan