Made in Vietnam, the volume of exports to the United States has increased greatly
Vietnam's economy has appeared in the face of the world in recent years, especially in the field of import and export trade. Vietnam's growth rate is extremely fast, and it stands out among Southeast Asian countries. In the first quarter of 2019, the trade war was “fishing and profiting”, and exports to the United States increased by 40.2%, ranking first in Asian countries.
According to the latest data released by the US official, Vietnam’s exports to the United States surged to 40.2% in the first quarter, ranking first in Asian countries. As a result of Sino-US trade friction, China’s exports to the United States fell by 13.9% over the same period. At this rate of development, Vietnam will likely surpass India, Britain, France and Italy during the year and become the 7th from the 12th largest trading partner of the United States.
According to various statistics, Vietnam manufacturing is becoming a new business card for the world manufacturing industry after “Made in China” and “Made in India”. After years of opening up, especially to attract foreign investment, Vietnam has formed a competitive industrial production capacity. From coats and footwear to primary agricultural products processing, as well as manual mouth manufacturing, Vietnam has taken over the spillover opportunities of the Chinese industry.
China and Vietnam are often compared by the world for their closeness in history and geographical proximity. History has pushed Vietnam to the forefront, and Vietnam is experiencing the glory that China once had. China's manufacturing industry is also experiencing the process of industrial upgrading created by China's manufacturing to China.