Vietnam, China Agree to Boost Border Trade Amid Virus Outbreak
Comment of the Day

April 17 2020

Commentary by Eoin Treacy

Vietnam, China Agree to Boost Border Trade Amid Virus Outbreak

This article by Nguyen Dieu Tu Uyen for Bloomberg may be of interest to subscribers. Here is a section:  

China agreed to resume normal customs procedures at its border gates after Vietnamese transport trucks endured extensive backups due to Chinese measures designed to counter the spread of the novel coronavirus, according to a statement on the website of Vietnam’s trade ministry.

Chinese authorities will ease some of the procedures to make it easier for Vietnamese trucks loaded with agricultural products to more quickly cross the border into China, according the statement. The agreement came during a conference call between Vietnam’s Minister of Industry and Trade Tran Tuan Anh and Chinese officials, it said.

Eoin Treacy's view

Not all emerging markets are going to be evenly affected by the coronavirus in just the same way that Greece and Germany skirted the worst of the outbreak while Italy and Spain were hit particularly hard. With the infection rate cresting in a number of markets, the big question is when it will crest in the emerging markets. The relative strength of their respective currencies is about the best barometer we have for how economies are being affected. 

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