Why Vietnam is the new China

China is at risk of being eclipsed by rapid growth in Southeast Asia.

China is facing increasingly fierce competition from southeast Asia, says Leslie Norton in Barron's. China's export growth has slowed sharply in the past four years, from 31% to under 8%.

But Vietnam, Cambodia, Laos and Myanmar (Burma) have collectively grown foreign sales by an average of 20% over the same period. They are becoming "The New China".

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.