4 days Ago By The Straits Times
A. Anantha Lakshmi While South-east Asia as a whole benefited from the US-China trade war, no country has been as successful as Vietnam at drawing investment. Vietnam was one of the biggest beneficiaries of Donald Trump’s trade war with China during his first term in office.
But Hanoi could become a victim of its own good fortune, business groups and analysts have warned, if the President-elect follows through on threats of blanket tariffs when he returns to the White House. Vietnam has racked up the fourth-largest trade surplus with the US in recent years – trailing China, Mexico and the European Union – as global manufacturers shifted factories away from China to avoid the impact of Trump’s tariffs. Already a subscriber? Log in Get exclusive reports and insights with more than 500 subscriber-only articles every month $9.
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