Description

Vietnam’s Current Economic Prospects

• Revision of Gross Domestic Product (GDP) growth forecast of selected countries due to the outbreak of COVID-19
• Correlation between total exports and nominal GDP
• Vietnam’s top export products and destinations (2015-2019)

Sluggish Economic Prospects to Come in Vietnam’s Key Export Markets 

• World merchandise trade volume, 2000-2022
• Ratio of world merchandise trade growth to world GDP growth, 1990-2020
• Expected impact on apparel consumption

Selected Sectors Snapshot Textiles/Garments and Consumer Electronics Manufacturing 

• The Vietnamese textiles industry remains largely driven by small and medium local enterprises
• The COVID-19 crisis may accelerate the recently observed trend of concentration
• Company’s exposure to the COVID-19 crisis is not likely to be as critical as for the Vietnamese textiles/garment sector