TITLE

The Yuan Effect

PUB. DATE
July 2005
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Jul2005, Vol. 16 Issue 7, p4
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article focuses on how a revaluation of the Chinese currency, the yuan, is likely to have a positive impact on GDP growth in Vietnam. This is mainly because a stronger Chinese currency would, lead to an improvement in Vietnam's trade balance. Textile and clothing exports from China and Vietnam currently compete directly in international markets, so an appreciation of the yuan would make Vietnamese exports more competitive. A yuan revaluation would also make Vietnam's other exports to China more competitive, providing a further boost to GDP growth.
ACCESSION #
17466675

 

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