The US-China trade war has left both countries reeling, but one region might have benefited from the tit-for-tat tariffs- and that’s Asean. The region’s trade outlook is looking bullish. Take Vietnam as an example: analysts say its economy grew by 8% as importers sought to avoid paying increased tariffs from the trade war.
Now the region faces the task of making growth sustainable. At the 6th Bloomberg Asean Business Summit on June 11, 2020 in Kuala Lumpur, we examine how countries can create their own miracle growth models – from leaping up value chains with smart manufacturing, to becoming regional start-up and technology hubs, and optimizing their tourism sectors.
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