Identify a new export country, and describe the country’s challenges and advantages.

Challenges: Vietnam is a relatively new economy with a large population, which presents many challenges for businesses looking to export their goods and services into the country. There are also political risks to consider, as the current government has only been in power since 2015 and there have been some recent changes in policies that could affect foreign investment and trade possibilities. Additionally, the infrastructure of Vietnam is still developing when compared to other countries; it lacks developed transportation networks and modern banking systems, which can make exporting more difficult.

Advantages: Despite the challenges present in entering the Vietnamese market, there are many advantages associated with exporting goods or services here too. In particular, Vietnam has seen steady economic growth over recent years despite global downturns due to its focus on exports – making it an attractive prospect for exporters looking to take advantage of opportunities in a growing market. Furthermore, its young population provides a potential customer base with high demand for products not yet available domestically or abroad – creating potential niche markets that could be beneficial for exporters who can move quickly enough to capitalize on them. Finally, low labor costs within Vietnam mean that businesses can produce their products at lower prices than they would be able to elsewhere while still maintaining profitability margins – making it an ideal location from both manufacturing and selling perspectives