CHINESE companies are fuelling almost one in three new investments in Vietnam, accounting for 28 per cent of new projects last year, up from 22 per cent in 2023, reports London's Financial Times.
They have relocated operations abroad to avoid Washington's trade war with Beijing, but this shift is likely to increase Vietnam's vulnerability to tariffs as US targets countries that have trade surpluses with America.
Vietnam has been one of the largest beneficiaries of trade tensions between the world's two biggest economies. Its surplus with the US reached a record US$123.5 billion last year, the third largest after china and Mexico.
Part of that has been driven by the exports of companies such as Apple and Intel, which have moved production lines from China to Vietnam to spread supply chain risks and avoid punitive tariffs.
SeaNews Turkey
They have relocated operations abroad to avoid Washington's trade war with Beijing, but this shift is likely to increase Vietnam's vulnerability to tariffs as US targets countries that have trade surpluses with America.
Vietnam has been one of the largest beneficiaries of trade tensions between the world's two biggest economies. Its surplus with the US reached a record US$123.5 billion last year, the third largest after china and Mexico.
Part of that has been driven by the exports of companies such as Apple and Intel, which have moved production lines from China to Vietnam to spread supply chain risks and avoid punitive tariffs.
SeaNews Turkey
