From Breakingviews - Vietnam’s export prowess turns to excess
Most of Vietnam’s neighbours, including China, reduced their dependence on exports by developing dynamic private enterprises that moved up the value chain and hiked wages: a virtuous cycle. However, the Party’s predilection for concentrating investment in inefficient state entities will serve it ill, especially if FDI keeps cooling. If Hanoi really wants to compete with Beijing, it might have to change its ways.Vietnam's economy grew 8.
Vietnamese exports were flat in February and fell 23.4% in January compared to a year earlier, according to Refinitiv data released on March 9.
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