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

Why Vietnam became the winner from the first year of the US-China trade war

  • 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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Sidney Leng

Sidney Leng

Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China's macroeconomic policies and financial regulations since 2016.