China’s Slowdown May Widen Vietnam Trade Gap, Official Says
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China’s economic slowdown may widen Vietnam’s trade deficit as the Southeast Asian nation counts on its largest trading partner to buy commodities, according to a government official.
“It would hurt our exports to China, especially with agricultural products,” Nguyen Duc Kien, deputy head of the National Assembly Economic Committee, said in a telephone interview on July 10. “Meanwhile, our imports from China may surge as Chinese producers may lower prices to dump their products abroad.”