Vietnam, together with India and China, is expected to record the
strongest export growth at a double-digit level annually throughout the
period 2013-2020, according to the latest HSBC Global Connections
report.
China is likely to remain Brazil’s largest
export market while the country’s fastest growing export partners would
be India and Vietnam, the report said.
As China shifts
its focus towards higher value-added sectors, this will create
opportunities for economies with low-cost labour such as Vietnam and
Bangladesh.
Advanced economies currently conduct the
majority of their trade with other developed economies, but they will
see a growing share of their exports directed to the emerging markets.-VNA