Asean forecast to lead world in export growth in next five years; Vietnam among countries to lead the way


  • Vietnam
  • Tuesday, 27 Sep 2022

The report, conducted by DHL Express, showed that when assessed by the level of economic development, emerging economies are expected to generate 45 per cent of the absolute amount of global trade growth between 2021 and 2026. - Photo from Vietnam News/ANN

BANGKOK, Sept 26 (Bernama): The Association of South-East Asian Nations (Asean) has recently gained the spotlight of the Global Trade Growth Atlas 2022 as it is forecast to lead the world in export growth over the next five years.

According to Vietnam News Agency (VNA), the report, conducted by DHL Express, showed that when assessed by the level of economic development, emerging economies are expected to generate 45 per cent of the absolute amount of global trade growth between 2021 and 2026.

"The good news, especially for Asia, Asean, and Thailand, is that Southeast Asia and South Asia perform very well. They perform very well in both speed and scale. Scale is the size of the economy and the amount of trade.

"Speed is the extent and speed by which they are growing, and I can tell you that the Philippines, Malaysia, India, Vietnam, and I can also add to that list, Thailand, are growing impressively on a large scale,” said DHL Express Chief Executive Officer, John Pearson.

When talking about the outstanding performance in this report, Pearson made the point that he does not usually pick a winner or say who is doing better or worse.

He said this report is purely from a factual point of view.

Vietnam, however, was one of the winners. All these countries are on different export and growth curves and Vietnam performs very strongly. - Bernama

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