The knock-on effect of the US-China trade war has helped propel Vietnam into a select band of countries where exports are greater than national output.
The south-east Asian country’s exports of goods and services are likely to reach 101 per cent of gross domestic product this year, assuming that the 8.4 per cent growth in the dollar value of exports witnessed in the first nine months of 2019 is maintained and the IMF’s estimate of GDP growth of 6.5 per cent proves accurate.
This would make the nation of 96m by far the largest country in the handful of “super-exporters” where outbound goods and services exceed GDP.
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