Will Vietnam become the 'new China' in Asia? “So much so that one of the goals for 2030 is for Vietnam to have 30% of GDP [gross domestic product] related to industry. When you look at Asia, apart from China, only Malaysia has 40% of its GDP related to industry," said Walter Peishuto, an international analyst, in an interview with Sputnik Brazil about Vietnamese economic planning. Another point raised by the analyst is that Hanoi also wants to get closer to Mercosur. "Vietnam is openly talking about having a free trade agreement with Mercosur. Negotiations are already underway, but it is a long process and they want, after Singapore has succeeded, to be next in line. Indonesia also said that," he concludes.

Will Vietnam become the 'new China' in Asia? “So much so that one of the goals for 2030 is for Vietnam to have 30% of GDP [gross domestic product] related to industry. When you look at Asia, apart from China, only Malaysia has 40% of its GDP related to industry," said Walter Peishuto, an international analyst, in an interview with Sputnik Brazil about Vietnamese economic planning. Another point raised by the analyst is that Hanoi also wants to get closer to Mercosur. "Vietnam is openly talking about having a free trade agreement with Mercosur. Negotiations are already underway, but it is a long process and they want, after Singapore has succeeded, to be next in line. Indonesia also said that," he concludes.