Vietnam Will Gain Big From The Sino-U.S. Trade War, Just Not Today [Forbes]
IHS Markit Ltd. Common Shares (INFO)
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Source: Forbes
A woman works on a silk spinning machine at a factory in Dalat, Vietnam. (Photo: Godong/UIG via Getty Images) Getty Truce or not, the Sino-U.S. trade dispute of 2018 is hobbling exports from China. U.S. tariffs levied this year cover $250 billion in Chinese goods, an obvious hit to factories that make products for America's consumers. Adding pressure on China is its cheaper southern neighbor Vietnam, which was already siphoning away potential investment , and analysts in Ho Chi Minh City say even more multinationals are scoping out the Southeast Asian country now so they can export their goods without paying the tariffs. They're not moving just yet, however. Vietnam's foreign direct investment for the year so far is actually down in comparison to 2017. So what's up? The Vietnamese government makes it relatively easy to set up a plant, labor costs are lower than in China and the country is on a roll signing free-trade deals. But many multinationals are stil
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