Wednesday, March 05, 2025 | 04:30 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Why Vietnam has avoided Trump ire despite sharing China's characteristics

Is Vietnam's scale too small to draw comparisons with China? Quite possibly

www.shutterstock.com
Premium

Vietnam flag. Photo Source: Shutterstock

Daniel Moss | Bloomberg
An Asian Communist state with a government-directed industrial policy churns out cheap goods for consumption in America. The country has a heavily controlled exchange rate, brandishes its low labor costs, enjoys a trade surplus and is wary of opening sensitive industries to foreigners. Add what might be politely described as some history of antipathy toward the US

You might be forgiven for thinking that place is China, whose trade dispute with the US is deepening. But no, it’s Vietnam.

Lured by the low cost of manufacturing, companies from Nike Inc. to Ikea have been redirecting parts of their supply chain from China

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in