Supply chains are complex, and despite Vietnam’s tariff-induced windfall, companies are now finding out how difficult it is to wean themselves off China. Photo: Reuters
Coronavirus: Vietnam lured factories during trade war, but now faces big hit as parts from China stop flowing
- Vietnam became the destination of choice for firms looking to avoid trade war tariffs, but the coronavirus has left many cut off from their suppliers
- The Southeast Asian nation is more exposed to China’s supply chain than any other country in region, research shows, with companies across the board set to take a hit
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Coronavirus outbreak
Supply chains are complex, and despite Vietnam’s tariff-induced windfall, companies are now finding out how difficult it is to wean themselves off China. Photo: Reuters