After a tepid recovery in 2023, Vietnam’s trade machine appears to be firing on all cylinders so far in 2024. The country boosted exports 16.8% year-on-year to $92.9 billion in the first quarter, underpinning gross domestic product growth of 5.7%. This is no coincidence. Vietnam’s export sector is key to its economic growth. It is…
It’s not an easy time for global trade--the roughly $25 trillion piece of the $105 trillion world economy. Protectionism is roaring in the U.S. and Europe, causing geopolitical tension with China. Inflation across most of the world has shrunk consumers’ wallets and imports, while deflation in China is also scaring businesses. Asian supply chains are…