Market Vectors® Vietnam ETF
Global consumer tech companies are reportedly looking to move out of China amid the still unresolved trade war.
If the ongoing trade war continues, Vietnam could be a star if it stays unscathed from the global turmoil and its currency remains stable.
Manufacturing activity in Malaysia fell to a record low in June 2017, primarily due to a drop in both output and new orders.
South Korea’s trade surplus saw a large drop to $6.0 billion in May 2017 as compared to $13.0 billion in the previous month.
The State Bank of Vietnam devalued the Vietnamese dong by 1% to bring the reference rate of the US dollar to dong to 21,890.
China became Africa’s largest trading partner in 2009, surpassing the US.
China happened to be Vietnam’s largest trade partner in 2013, with its total turnover reaching $50.21 billion—up 22% growth over the previous year, according to statistics from Vietnam Customs.
The economic and political relations between China and Vietnam, also referred to as “Sino-Vietnamese relations,” have never been at ease since the two countries fought a month-long war in 1979.