Vietnam needs improved marketing strategy Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
07/05/2021 18:57 GMT+7
The global outbreak of the Covid-19 pandemic has made the world realize the limitations in the current supply chain, which shows an over reliance on just one link, which is a plausible reason for the collapse of the system.
Fig.1: Exports & Imports of countries (%), August 2018-February 2121. Source: Haver Analytics
The current ongoing pandemic is also providing the time to ease pressure on Vietnamese trade as restructuring of the Global Supply Chain is being dealt with. Only those countries that are well-prepared and have successfully controlled and contained the pandemic will be able to see a good outcome and macroeconomic stability in the future by an improved marketing strategy.
Authors: Nguyen Khac Quoc Bao and To Cong Nguyen Bao, UEH
A surge in exports is a major factor in 2.91 per cent GDP growth that Vietnam experienced in 2020. Strong trade and economic growth are a result of the country’s successes in controlling COVID-19 and the rapid execution of balanced support packages for its economy.
Nguyen Khac Quoc Bao | East Asia Forum eastasiaforum.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastasiaforum.org Daily Mail and Mail on Sunday newspapers.
22 January 2021
Authors: Nguyen Khac Quoc Bao and To Cong Nguyen Bao, UEH
A surge in exports is a major factor in 2.91 per cent GDP growth that Vietnam experienced in 2020. Strong trade and economic growth are a result of the country’s successes in controlling COVID-19 and the rapid execution of balanced support packages for its economy.
There was a record overall trade surplus of US$19.1 billion in 2020. The United States and China are the two largest export markets, by 24.5 per cent and 17.1 per cent respectively over this period, with total trade of US$76.4 billion and USD 48.5 billion. Vietnam’s exports to the United States are soaring, with a trade surplus of US$62.7 billion compared to US$10.5 billion in 2010 whereas Vietnam still has a trade deficit with China at US$35.4 billion.