Vietnam Macro Thought Piece - Trade balance to improve in 2022

Vietnam led ASEAN’s trade recovery before the resurgence of COVID-19 disrupted activity

• Among ASEAN countries, Vietnam had one of the strongest recovery paces in H1 2021 with export and import growth reaching 29% YoY (No. 2 after Indonesia) and 36.2% (No. 1), respectively.

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