Multinationals look to build up bases despite infrastructure and labour issues
Vietnam has imposed anti-dumping duties on 20 cold-rolled steel coil and sheet products from China for five years to protect domestic producers.
Trade wars and the pandemic have accelerated Vietnam’s push to challenge China as the world’s factory, as the nation’s careful management of COVID-19 adds to its attraction to companies looking to dodge US tariffs.
As the US seeks to decouple from China, is Vietnam becoming the world’s next factory floor ? Vietnam, a frontier market in Southeast Asia, is often named as one of the biggest winners in the US-China trade dispute
The Vietnam Textile and Garment Group (Vinatex) forecasts Vietnam’s textile and garment exports will continue to decline by 14-18 per cent each month for the rest of 2020 over the same period last year.
Several of the world’s largest technology corporations plan to shift their production chains to Vietnam post-Covid-19, according to the Ministry of Industry and Trade.
Samsung is the single largest foreign investor in Vietnam, with investments totalling $17 billion. The South Korean tech giant already produces displays in Vietnam
Samsung Electronics is planning to shift much of its display production from China to its plant in southern Vietnam this year, state media said on Friday.
Vietnam’s national index of industrial production advanced 1 percent year-on-year between January and May, the lowest level in the past several years, according to the country’s General Statistics Office on Monday.
Vietnam can entrench itself in global supply chains if the U.S. forms a network of partners to reduce reliance on China, analysts said.
The outlook for the Vietnam automobile industry remains stable despite the coronavirus.
South Korean engineers allowed to skip quarantine despite infection risk
Ho Chi Minh City is seeking the Vietnam premier’s approval to temporarily shut down a unit of Pou Chen Corp., the world’s largest maker of athletic shoes, because of concerns about a potential outbreak of the coronavirus.
Vietnam’s biggest listed firm Vingroup said on Friday it will produce ventilators for the Southeast Asian country’s fight against the new coronavirus.
Gumi factory in South Korea temporarily closed as Covid-19 cases rise