Currently, globalEconomyFacing serious uncertainties and challenges, Vietnam is dependent on exportsEconomybody, also suffered a huge impact. Vietnam was exacerbated by the intensified harvesting of Vietnam by the United StatesEconomyVietnam is facing capital outflowsDebtRisks such as default, and it may even be possible to set back 20 years.
The U.S. is currently facing a huge situationTreasury bondsQuestion,Treasury bondsThe scale has reached 34 trillion US dollars, and at the same time, its own cash flow is tight. Because of the beautyTreasury bondsThe cost is already so high that it is difficult to borrow more money. And in order to fill the fiscal hole, the United States has stepped up its harvest of Asian countries, and Vietnam has become one of their targets.
In the context of the Sino-US war, Vietnam has attracted a large number of foreign countries by virtue of its cheap labor and development potentialInvestments, especially from the United StatesInvestments。Recently, however, the United States abruptly changed its course and published "VietnamInvestmentsEnvironmental Report, which identifies problems in Viet Nam. This is seen as the United States using harvesting tactics to strike at VietnamEconomyto depress Vietnam's development momentum.
Due to VietnamEconomyMainly relied on exports, and exports were hit, resulting in VietnamEconomyGrowth is slowing. Since the third quarter of this year, Vietnam's exports have fallen by 7% year-on-year2%, two consecutive quarters of declining exports. Foreign investment in VietnamInvestmentsThere was also a decline, and FDI was more than that in the first half of the yearInvestmentsA year-on-year decrease of 43% of the entire foreign capitalInvestmentsThis is a year-on-year decrease of nearly 40%.
InFinancefield, Vietnam is facingCurrency depreciationDebtRisks such as breach of contract. InternationalCapital of VietnamInvestmentsIt was reduced by almost 30% to more than 980 trillion VND, and Vietnam was also affectedInternationalInstitutions are among the countries most in need of fiscal consolidation. European institutionsAnalystsBearish on Vietnam, will VietnamThe index was lowered to around 1200.
In the face of U.S. harvesting operations, Vietnam needs to strengthen cooperation with China to reduce or even avoid being harvested by the United States. China has become the world's largest consumer market, and working with China can help Vietnam sell its goods to the Chinese market and ease the pressure of declining exports. At the same time, China can also cooperate with Vietnam, conductDebtDisplacement, avoidanceDebtRisk of default.
China's cooperation with Vietnam can not only help Vietnam copeEconomyThe predicament can also further promote cooperation in the Asian region and form a closer AsiaEconomySystem. Through Asian cooperation, it is possible to reduce dependence on the dollar system and reduce the impact of the dollar tide.
In short, Vietnam is facing a serious situationEconomypredicament, but by cooperating with China, Vietnam can be offered an alternative way out of the harvest of the United States. China is the second largest in the worldEconomycan provide Vietnam with market and financial support to help Vietnam tide over the difficulties. At the same time, strengthening cooperation in Asia and reducing dependence on the US dollar is of great significance to the entire Asian region.