NEWS: Vietnam to be in world’s top 3 in export growth

posted 5 Mar 2013, 00:51 by Diep Ho
Source: VNA - 3/5/2013 3:05:13 PM

Vietnam, together with India and China, is expected to record the strongest export growth at a double-digit level annually throughout the period 2013-2020, according to the latest HSBC Global Connections report.

China is likely to remain Brazil’s largest export market while the country’s fastest growing export partners would be India and Vietnam, the report said.

As China shifts its focus towards higher value-added sectors, this will create opportunities for economies with low-cost labour such as Vietnam and Bangladesh.

Advanced economies currently conduct the majority of their trade with other developed economies, but they will see a growing share of their exports directed to the emerging markets