The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Vietnam’s exports this year may rise between 7% and 7.5% from 2018, a steep decline from the previous two years mainly because of rising global trade tensions, Hai Quan newspaper reported, citing the Ministry of Industry and Trade Ministry.
Trade tensions between the US and China, Japan and South Korea, and slower economic growth in some countries reduce demand for Vietnam’s products, the newspaper cited the ministry as saying.
The warning comes after Vietnam’s economic expansion quickened in the third quarter on solid growth in exports and manufacturing.
Sales overseas rose 8.2% in the first nine months of 2019 from a year earlier, while imports climbed 8.9%.