Could Vietnam become a casualty of the US-China trade war?
AS the US-China trade war hots up, and economists warn of shrinking GDP growth and disrupted supply chains, there are some markets that are reaping the benefits of the face-off. Vietnam, in particular, is expecting a major wave of industrial relocations from an increasingly expensive China. Manufacturers, including foreign multinational producers, have already begun to move certain high margin industrial operations to Vietnam. That’s been seen in the electronics sector, with big-name producers like Intel, Foxconn, LG, and Samsung recently relocating to Vietnam. Although the role the tariffs played in this move cannot be certain. This has been almost universally seen as a positive due to Vietnam being one of the region’s most trade-reliant countries. SEE ALSO: US-China Trade: Are we heading for the next cold war? Economists, investors and commentators have been predicting a Southeast Asia boom with Cambodia and Vietnam predominantly picking up the slack as companies get jittery...
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