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US-China Trade War Seen as Boosting Vietnam Growth

VOA News

   Vietnam will enjoy the fastest economic growth in Southeast Asia in
   2020, according to a new forecast from British multinational investment
   bank HSBC.

   Vietnam has been a beneficiary of the China-U.S. trade war, enjoying a
   boost in services and exports that should drive economic growth to 7%
   this year, HSBC economist Yun Liu said last week. But she said the
   country remains vulnerable to economic risks including trade protection
   and inflation.

   Inflation is increasing as swine flu forces up the price of pork,
   showing how a single product can weigh on the economic indicators of an
   entire nation of nearly 100 million people. Vietnam also fears rising
   inflation if simmering Middle East tensions continue to push up oil
   prices.

   Nevertheless, Liu predicted the communist nation's "impressive"
   economic performance will give it another "year in the 7% club,"
   outshining fast-growing Myanmar, the Philippines, and other members of
   the Association of Southeast Asian Nations.

   Nintendo, Apple

   Liu noted that some of the biggest names in technology, ranging from
   Nintendo to Google, are relocating to Vietnam, probably because the
   trade war is making production in China more expensive.

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