Vietnam’s export revenue in the first five months of 2019 has seen a 6.7 percent increase year-on-year. Against the backdrop of a global economic slowdown and sprawling trade protectionism, this export performance has outshone other countries. In contrast, China’s exports within the same period have been fluctuating and waning. Some are worried about industries withdrawing from China. However, there is no need to get too anxious.
By Shen Jianguang
Vietnam has been on average the most rapidly growing economy in Southeast Asia for more than a decade. Its economic growth of 6 to 7 per cent a year over the past half-decade rivals that of China and its exports are worth just over the total value of its GDP.
Vietnam’s political freedoms and its economic success
Author: Editorial Board, ANU
Geopolitics is often seen through a telescopic lens: with intense focus in one spot with the rest entirely out of view. That often seems to happen to nations’ relations with China. The US and China are a good example. Much of the conventional wisdom says that they’re competing for hegemony in Southeast Asia and, if you listen to Donald Trump, over trade.