Customers gather at a makeshift market near the Van Trung Industrial Park in Viet Yen district, Bac Giang province, in Vietnam on October 9. Bac Giang province’s exports have risen more than tenfold in five years and are expected to reach US$11 billion this year, just one example of Vietnam’s rapid economic progress that is expected to continue through to 2025. Photo: Bloomberg Customers gather at a makeshift market near the Van Trung Industrial Park in Viet Yen district, Bac Giang province, in Vietnam on October 9. Bac Giang province’s exports have risen more than tenfold in five years and are expected to reach US$11 billion this year, just one example of Vietnam’s rapid economic progress that is expected to continue through to 2025. Photo: Bloomberg
Customers gather at a makeshift market near the Van Trung Industrial Park in Viet Yen district, Bac Giang province, in Vietnam on October 9. Bac Giang province’s exports have risen more than tenfold in five years and are expected to reach US$11 billion this year, just one example of Vietnam’s rapid economic progress that is expected to continue through to 2025. Photo: Bloomberg
Laura Caron
Opinion

Opinion

The View by Laura Caron and Erwin R. Tiongson

China, India lead in Asia but new growth sources will shake up the global economy

  • The latest World Economic Outlook projects China and India to grow as economic forces, with China’s economy becoming larger than the rest of the G7 combined by 2025
  • Big shifts among smaller economies are also expected as Vietnam, Bangladesh and Ethiopia emerge as new drivers of global growth and investment

Customers gather at a makeshift market near the Van Trung Industrial Park in Viet Yen district, Bac Giang province, in Vietnam on October 9. Bac Giang province’s exports have risen more than tenfold in five years and are expected to reach US$11 billion this year, just one example of Vietnam’s rapid economic progress that is expected to continue through to 2025. Photo: Bloomberg Customers gather at a makeshift market near the Van Trung Industrial Park in Viet Yen district, Bac Giang province, in Vietnam on October 9. Bac Giang province’s exports have risen more than tenfold in five years and are expected to reach US$11 billion this year, just one example of Vietnam’s rapid economic progress that is expected to continue through to 2025. Photo: Bloomberg
Customers gather at a makeshift market near the Van Trung Industrial Park in Viet Yen district, Bac Giang province, in Vietnam on October 9. Bac Giang province’s exports have risen more than tenfold in five years and are expected to reach US$11 billion this year, just one example of Vietnam’s rapid economic progress that is expected to continue through to 2025. Photo: Bloomberg
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