Trade tensions have accelerated the movement of investment into Vietnam, which is home to Dong Anh Electrical Equipment’s transformer making workshop in Hanoi. Photo: EPA
Trade tensions have accelerated the movement of investment into Vietnam, which is home to Dong Anh Electrical Equipment’s transformer making workshop in Hanoi. Photo: EPA

How the looming US trade war and China’s rising labour costs are a boon to Vietnam’s economy

Although US-China trade tension could impair growth in Southeast Asia, the region is siphoning output away from China, where rising wages have driven up costs

Trade tensions have accelerated the movement of investment into Vietnam, which is home to Dong Anh Electrical Equipment’s transformer making workshop in Hanoi. Photo: EPA
Trade tensions have accelerated the movement of investment into Vietnam, which is home to Dong Anh Electrical Equipment’s transformer making workshop in Hanoi. Photo: EPA
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