Vietnam’s economy has been boosted by almost 8 per cent because of the shift in production resulting from the US-China trade war, according to analysis by Japanese investment bank Nomura. Photo: Alamy

Vietnam biggest winner from first year of the US-China trade war as supply chains shift, report shows

  • The economy of the southeast Asian nation was boosted by almost 8 per cent due to the shift in production as importers sought to avoid Donald Trump’s tariffs
  • Analysis by Japanese investment bank Nomura also shows that trade diversion benefited Taiwan, South Korea, Chile, Malaysia and Argentina
Topic |   US-China trade war

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Vietnam’s economy has been boosted by almost 8 per cent because of the shift in production resulting from the US-China trade war, according to analysis by Japanese investment bank Nomura. Photo: Alamy
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Workers at a furniture plant in Binh Duong. Photo: Cissy Zhou

As trade war rages, Chinese firms in ‘malignant’ battle for talent and territory in Vietnam

  • As firms seek alternatives to China to avoid increased tariffs imposed by US President Donald Trump, Southeast Asian nation is feeling the pressure
  • One Chinese businessman says: ‘You fill a job with three people in China, [in Vietnam] you probably have to recruit five’
Topic |   China economy

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Workers at a furniture plant in Binh Duong. Photo: Cissy Zhou
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