International trade and currency war consequences for vietnamese economy
Vo Thi Thu Thao, Dr. Nguyen Hoang Tien and Dr. Dinh Ba Hung Anh
This article is about the trade war between the two leading economies and the risk of a currency war boom. When the United States and China apply mutual trade retaliatory measures, it will affect the global economy. Especially those two countries are the major trading partners of Vietnam, so Vietnam will not escape the effects of this trade war and currency war. In order to reduce the negative effects, Vietnam should monitor the evolution of the war and take timely measures. At the same time, Vietnam should take advantage of the positive aspects of the war for the economic development. This article presents the cause of trade and currency wars and their effects on the Vietnamese economy, at the same time making recommendations to help Vietnam overcome negative impacts on its economy.