A rebounding economy and a new trade deal are reasons why the outlook for Vietnam is positive despite the coronavirus pandemic, said Edward Teather of UBS Research.
Many economies contracted in the second quarter of 2020 compared to a year ago, but Vietnam's gross domestic productNhac Nguyen | AFP | Getty Imageseven though it shares a border with China, where the virus outbreak was first reported.
Vietnam has reported 369 cases and no deaths so far, according to data compiled by Johns Hopkins University. The country has for a population of under 100 million. "Vietnam is growing and is well-positioned to continue to take global market share in terms of exports going forward, so pretty bright prospects in a relative sense in the region," Teather said.hub for companies that want to shift production out of China due to tensions between Beijing and Washington that have resulted in rising tariffs.
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