Viet Nam: Bound rate, simple mean, manufactured products (%)

Key figures

What the numbers say

From 2013 to 2022 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2022, Viet Nam had the 29th highest value of the 35 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Viet Nam in the 2022 ranking

• Jordan — 26th of 35: 14.95%
• Cuba — 27th of 35: 11.08%
• Mauritania — 28th of 35: 10.97%
• Israel — 30th of 35: 9.96%
• Côte d'Ivoire — 31st of 35: 8.86%
• Georgia — 32nd of 35: 6.51%

What this measures

Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

All 15 values

Bound rate, simple mean, manufactured products (%) in nearby economies

• Australia — 12.08% (2021)
• Brunei Darussalam — 24.74% (2022)
• Cambodia — 17.57% (2021)
• China — 9.53% (2021)
• Fiji — 40.01% (2021)
• Hong Kong SAR, China — 0% (2021)
• Indonesia — 35.21% (2021)
• Japan — 2.49% (2021)
• Korea, Rep. — 11.07% (2021)
• Macao SAR, China

More trade data for Viet Nam

• Tariff rate, applied, simple mean, manufactured products (%) — 3.44% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 8.66% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 0.82% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 4.71% (2022)
• Tariff rate, applied, simple mean, all products (%) — 3.71% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 9.65% (2022)
• Tariff rate, applied, weighted mean, all products (%) — 1.07% (2022)
• Tariff rate, most favored nation, weighted mean, all products (%) — 4.98% (2022)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Viet Nam's bound rate, simple mean, manufactured products (%)?

10.78% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2007?

It is up 0.01 percentage points from 10.77% in 2007. The highest value was 10.78% in 2012 and the lowest 10.77% in 2007.

How does Viet Nam rank?

29th highest of 35 economies with data for 2022.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); World Integrated Trade Solution system (WITS), World Bank (WB); World Trade Organization (WTO).

Source

World Bank, World Development Indicators, indicator TM.TAX.MANF.BR.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); World Integrated Trade Solution system (WITS), World Bank (WB); World Trade Organization (WTO) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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