According to the 2018 Hinrich Foundation Sustainable Trade Index, which measures the capacity of countries to participate in the international trade system in a way that supports sustainable development, Vietnam ranked ninth in 2018, up two places from 2016.
The study was released by a non-profit foundation Hinrich foundation and the research firm The Economist Intelligence Unit and includes 19 Asian economies and the US.
Sustainable trade index
The index has 24 indicators and ranks the economies across three broad categories, economic growth, social capital, and environmental protection. It covers 19 Asian countries and the US.
Trade is a major component in any country’s economic growth, however, for a sustainable growth, social development and environmental protection are equally important, hence both categories are included in the study.