Regional Outlook, Global Perspective

VIETNAM ON DEFENSE AS US-CHINA TRADE WAR ESCALATES

To insulate itself from an escalating trade war between the US and China, analysts are calling on Vietnam to adopt measures from devaluing the dong to increasing scrutiny of products to counter an anticipated flood of Chinese goods, Bloomberg reports. The Vietnam Institute for Economic and Policy Research (VEPR) has cautioned that the ongoing trade war between the U.S and China is changing the dynamics of trading in the world, and would eventually hit Vietnam more than in its exports sector, VN Express reports. The U.S.-driven trade war has become the biggest “confidence killer” for the global economy, China’s foreign ministry warned on Wednesday as quoted by Reuters, saying the whole world would fight back if the United States continued to be “willful”.

19/07/2018 in Daily Briefs, Regions, Vietnam

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