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Update news trade war
By increasing processed and high-tech products and taking advantage of free trade agreements, Vietnam’s goods are being increasingly chosen by consumers in the world market.
Some large corporations with plentiful capital have decided to pour money into industrial real estate as they can see opportunity in the sector.
The increase in Chinese FDI in Vietnam is good news, but there are many risks that need to be anticipated.
The countries with developed technologies such as Japan and the US, when seeking places for their long-term investments, consider possible destinations such as Vietnam, Indonesia and India very carefully.
According to experts on geology and minerals, Vietnam's rare earth reserves are large, but have not been exploited effectively or exported.
The US-China trade war and Chinese yuan devaluation have increased the risk of a widening trade gap, with more imports from China flowing to Vietnam.
Nearly halfway through 2019, Vietnam has begun to see a new noticeable transition in its foreign direct investment (FDI) inflows, with Chinese investment in the Southeast Asian country reporting a sharp rise.
Vietnam will have to compete with other RCEP (Regional Comprehensive Economic Partnership) countries because its most advantageous products are similar to key export product items of the countries.
Businesses have expressed concern over the escalation of the US-China trade war, and are hurrying to seek solutions to anticipated problems.
A decrease in the US’ imports from China could present a good opportunity for Vietnam to fill in the gap.
A high number of steel manufacturers have reported loss as export markets have shrunk, while the domestic battle is fierce because of competition.
The dong/dollar exchange rate has fluctuated sharply in recent days after the US decided to impose tariff of 25 percent on $200 billion worth of imports from China.
The retail electricity price increase has dealt a strong blow to the steel manufacturing industry, which is facing difficulties.
VietNamNet Bridge - Many products imported or made in foreign countries under outsourcing contracts have been found labeled ‘made in Vietnam’.
VietNamNet Bridge - Many foreign enterprises in China have visited Vietnam to learn about the investment opportunities here, but most have not made decisions to relocate.
VietNamNet Bridge - The US-China trade war has helped IZ developers earn big money as more foreign investors are coming to Vietnam to seek land for workshops.
VietNamNet Bridge - Vietnam’s economy is becoming more vulnerable to world events, especially the US-China trade war.
In 2018, the number of electric bikes that Vietnam exported to the EU increased significantly. At the same time, the EC conducted an anti-dumping and anti-subsidy investigation against Chinese electric bike imports.
VietNamNet Bridge - Economists at a forum on Vietnam’s economic integration in December last year all agreed that Vietnam needs to prepare for the rising economic and political influence of China.
The United States has filed criminal charges against Huawei, escalating its fight against the Chinese tech giant and potentially complicating efforts by Washington and Beijing to negotiate an end to their bruising trade war.