Vietnam’s export outlook will continue to be bolstered by China’s growth outlook over the short and medium term. Although we project China’s economic growth to slow over the medium term, the real GDP growth is still robust, estimated at 7.5% in 2013 and 6.4% over the medium term, which should have a beneficial impact on the shipping sector in Vietnam. Vietnam plays a key role in China’s coal supply chain. The country is China’s fifth-largest coal exporter, providing the country with the thermal coal it requires for its power stations. Vietnam’s role in this supply chain looks set to continue, …
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