The biggest beneficiary of the Sino-US trade war

 Great! In just eight and a half months, Vietnam's trade surplus exceeded $10 billion, surpassing the full year of 2019

Great! In the context of the global pandemic of the new crown pneumonia epidemic and the fact that trade in most countries has not returned to normal levels, Vietnam's foreign commodity imports and exports have achieved good results. Data show that as of August 15,2020, Vietnam's total imports and exports reached $310.4 billion.

 As exports grew faster than imports, Vietnam's trade surplus expanded —— Vietnam's total merchandise exports amounted to $160.2 billion, imports were about $150.2 billion, and the trade surplus had just exceeded the $10 billion mark, surpassing the 2019 trade surplus.

 CNMOULDING found that in 2019, Vietnam's total import and export of foreign goods was about $516.96 billion, exports were $263.45 billion, imports were $253.51 billion, and the trade surplus was $9.94 billion —— compared with $10 billion in the eight and a half months of this year.

Why is Vietnam's commodity trade so strong against a backdrop of a global economic downturn and difficult external demand to boost? This is because Vietnam has a grand goal to develop into a prosperous, prosperous, prosperous and stable developed country by 2045.

 This ambitious goal is divided into two stages, first, by 2030, Vietnam will enter the ranks of high-income countries in the world; second, after more than ten years of struggle, Strive for 2045 or so (that is, Vietnam's 100th anniversary of independence), develop into a developed country.

 The Vietnamese authorities have worked so hard to achieve these two goals, and the time is so tight. As a result, most countries are suffering from the current economic and trade epidemic, but Vietnam's economy in the first half of the year achieved 1.81% growth, the first eight and a half months behind the record trade surplus.

Vietnam's free trade agreement with the European Union has come into effect. Although the two sides have not actively promoted the implementation due to the current epidemic, they believe that Vietnam's trade with the European Union will show "exponential growth" in the near future, and will also promote the rapid economic growth of Vietnam.

 Besides, the "RCEP"" of the ten ASEAN countries, including Vietnam, China, Japan, South Korea, Australia and New Zealand, are also actively promoting. The other side said it would formally sign the agreement by the end of this year to promote free trade as soon as possible and is still actively soliciting India to join.

 Vietnam will have a huge new export market in 2021—— including China, Japan, South Korea and so on, with a population of more than 2 billion and GDP more than $24 trillion. If India eventually joined, the market would be even bigger, and Vietnam's trade would be a "tonic ".

Vietnam's low-end labor-intensive manufacturing industry, whether to maintain years of high growth is also unknown. The trade war between China and the United States has led to a large number of enterprises moving to Southeast Asia, of which Vietnam is the most beneficial. Of course, high-end products still need to be produced in China, such as precision medical injection molding products, large mold manufacturing.

 Chinese counterparts must take this development seriously