Cambodia, Malaysia, Singapore and Viet Nam are countries where international flows exceeds expectations, according to the DHL Global Connectedness Index 2018.
The top 10 ranks on the DHL Global Connectedness Index are held, in descending order, by the Netherlands, Singapore, Switzerland, Belgium, the United Arab Emirates, Ireland, Luxembourg, Denmark, the United Kingdom, and Germany.
Viet Nam ranks 39th on the DHL Global Connectedness Index in 2017, becoming one of the four countries in the region where countries tend to have unusually high scores on the trade pillar.
Southeast Asian countries benefit from linkages with wider Asian supply chain networks as well as ASEAN policy initiatives promoting regional economic integration.
Viet Nam’s largest outperformance is on trade depth, but it features as a notable outperformer on capital and information depth as well.
By now, Viet Nam has been signatory of 13 multilateral and bilateral free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Viet Nam-EU Free Trade Agreement (EVFTA).
The Vietnamese Government estimated that the CPTPP, which took effect since January 14, 2019, will help increase Viet Nam’s GDP by 1.3% and export value by 4% by 2035.
Meanwhile, the EVFTA will is expected to help increase Viet Nam’s GDP by 2.18-3.25% in the 2019-2023 period, and 4.57%-5.03% in the following five years.
The Vietnamese Ministry of Planning and Investment estimated that Viet Nam’s exports to the EU is projected to grow by 20% by 2020; 42.75 by 2025; and 44.37% by 2030.
Viet Nam is joining talks on a Regional Comprehensive Economic Partnership involving all ASEAN members and its five partners, namely China, Japan, India, Austria and New Zealand./. VGP