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Opinion

Vietnam must act fast to avoid getting Trumped

Hanoi should speed up economic reforms to counter impact of global trade conflict

| Vietnam
A sports shoe factory near Hanoi -- Vietnam needs to run faster with its economic reforms.   © Reuters

Any search for sunshine in this gloomy moment for the global economy should turn to Vietnam.

The Southeast Asian nation boasts one of the fastest economic growth rates anywhere, a swelling and optimistic population and political stability. Big investments by multinationals from Samsung Electronics to Nestle are morphing Vietnam into a manufacturing powerhouse and raising living standards. In May, a sovereign upgrade from Fitch Ratings put the nation just two notches short of investment grade.

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