The article also said trade turnover reached a record 517 billion USD this year. It said Vietnam is one of Asia’s fastest growing economies over the past decade, adding Vietnam’s growth has been largely driven by the exports of cheap manufactured garment and footwear goods to higher tech products.

Its author also said Vietnam signed a milestone free trade agreement with the European Union earlier this year, which promises slashed duties on almost all goods. The pact creates a good environment for trade and investment, said Michael McAdoo of Boston Consulting Group earlier this month.