2 ms·
US imports from Vietnam should hit a new record for 2018 when all the data is released. Roughly $50 billion worth of imports vs $46.4 billion for 2017. That's e
by adventured 8y ago
US imports from Vietnam should hit a new record for 2018 when all the data is released. Roughly $50 billion worth of imports vs $46.4 billion for 2017. That's equal to about 20% of their economy in size. I would expect that trade to continue to expand indefinitely.
Over the coming decade Vietnam should be able to use the same approach China did, with regards to US imports pouring dollars into the country, to rapidly build itself up. Their GDP per capita has been soaring, from $543 in 2004 to $2,500 this year (up ~20% in the last three years). Probably 12 to 15 years out they'll have an economy the size of Turkey or Taiwan.