The Ministry of Foreign Affairs of Vietnam asked you to produce a country trade report.(a) Present the Balance of Trade of Vietnam for the past 10 years. Present the GDP per capita of Vietnam for the past 10 years. Present an estimate of the openness to trade of Vietnam over the past 10 years. (b) Present the average GDP per capita of ASEAN countries over the past 10 years. Present an estimate of the openness to trade of ASEAN countries over the past 10 years. (c) Evaluate how Vietnam compares in terms of the relationship between economic growth and the development of trade and compare it to the ASEAN average2. (a) Present the main three export and main three import products of Vietnam and alsothe three main export and import trading partners during 2016-2018(b) Based on the findings in a) and other sources: is Vietnam exporting the goods where it has a comparative advantage? Is it importing the goods where it has a comparative disadvantage? Provide a sound reasoning for your opinion. (c) Use the standard Ricardo theory and two suitable goods of Vietnam and another country that you identified in a). Draw an approximate graph of the trade situation. How would it affect the trade situation of the model that you just described if the Vietnamese Dong devalues, ceteris paribus? Draw the changes in the graph and describe the dynamics

1. The Ministry of Foreign Affairs of Vietnam asked you to produce a country trade report. [8 points, wordcount recommendation: approx. 400 words] (a) Present the Balance of Trade of Vietnam for the past 10 years. Present the GDP per capita of Vietnam for the past 10 years. Present an estimate of the openness to trade of Vietnam over the past 10 years. (2 points) (b) Present the average GDP per capita of ASEAN countries over the past 10 years. Present an estimate of the openness to trade of ASEAN countries over the past 10 years. (2 points) (0) Evaluate how Vietnam compares in terms of the relationship between economic growth and the development of trade and compare it to the ASEAN average. (4 points) 2. [12 points, wordcount recommendation: approx. 600 words] (a) Present the main three export and main three import products of Vietnam and also the three main export and import trading partners during 2016-2018. (4 points). (b) Based on the findings in a) and other sources: is Vietnam exporting the goods where it has a comparative advantage? Is it importing the goods where it has a comparative disadvantage? Provide a sound reasoning for your opinion. (4 points). (0) Use the standard Ricardo theory and two suitable goods of Vietnam and another country that you identied in a). Draw an approximate graph of the trade situation. How would it affect the trade situation of the model that you just described if the Vietnamese Dong devalues, ceteris paribus? Draw the changes in the graph and describe the dynamics. (4 points) 2. [12 points, wordcount recommendation: approx. 600 words] (a) Present the main three export and main three import products of Vietnam and also the three main export and import trading partners during 2016-2018. (4 points). (b) Based on the findings in a) and other sources: is Vietnam exporting the goods where it has a comparative advantage? Is it importing the goods where it has a comparative disadvantage? Provide a sound reasoning for your opinion. (4 points). (0) Use the standard Ricardo theory and two suitable goods of Vietnam and another country that you identied in a). Draw an approximate graph of the trade situation. How would it affect the trade situation of the model that you just described if the Vietnamese Dong devalues, ceteris paribus? Draw the changes in the graph and describe the dynamics. (4 points)