How to invest in Vietnam economic growth
Vietnam has surpassed Japan as the second-largest trading partner for U.S. goods and services exports, with more than $60 billion in exports last year, according to data released by the U.N. Office on Drugs and Crime.
The U.K. and Germany have long been the top two trading partners for the U, while China, the Philippines, Japan and India have remained the second, third and fourth.
Vietnam overtook Japan in 2015 as the world’s second-biggest economy and was ranked fifth in 2016.
But it is now also second-most important to the U., with about $65 billion in trade.
Vietnam’s economic growth has been slower than Japan’s in recent years, but is growing more slowly than China, which has been slowing.
Vietnam is not one of the world the fastest growing economies.
Vietnam has a per capita GDP of about $1,300, or about 3.4% of the global total.
That compares with about 5% in China and 10% in the U .
Vietnam’s economy grew at an annual rate of 1.7% in 2016, according the International Monetary Fund, compared with 1.8% in Japan.
Vietnam also was the second most indebted nation in the world last year.
Last year, the government borrowed about $17.5 billion, about 6.5% of its gross domestic product, according in the latest IMF figures.
It also had $5.3 billion of foreign debt outstanding, more than any other country.
Vietnam and Japan also are the top and third largest producers of U.s. goods exports, respectively, and the top-two U.A.E. countries.
Vietnam imports more U. a.s products than Japan and the UA.e. has been trying to boost exports.
But Vietnam is also struggling to compete in a global market dominated by China and Japan.
China, for example, is Vietnam’s largest trading partner and is expected to increase exports by an average of 14% this year, or more than triple the rate of growth it has been getting in recent decades.
The economic growth in Vietnam, though, has been much slower than the 7% annualized rate of GDP growth seen in China, according data released last month by the International Federation of the Phuoc Quoc, the trade association representing Vietnam.
The IFPP said Vietnam was also not among the top 10 countries that export most of their goods to the world.
The number of imports has fallen in the last few years, with imports rising about 2% a year since 2009, while exports grew by 2.5%.
“Vietnam is one of those countries where it’s very important to be able to diversify into international markets, but it has still a long way to go in terms of diversifying its economy,” said Robert Hall, the director of the Vietnam Center at the Peterson Institute for International Economics in Washington.
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