Trump Tariff Uncertainty Distanced Vietnam From China. It Didn’t Last.
Vietnam’s manufacturing hub has been abuzz with activity as Chinese money flows in despite uncertainty over US tariffs.
The KCN Vietnam complex at the Thuan Thanh III Industrial Park in Bac Ninh province.
Photographer: Nguyen Xuan Quynh/BloombergIn Vietnam’s northern manufacturing belt, tariff angst isn’t stopping the flow of Chinese money. If anything, it’s growing.
From a Chinese circuit board maker’s eager calls for workers, to construction crews rushing to finish a new plant for a Shenzhen producer of gaming parts, the electronics hub of Bac Ninh province just east of Hanoi is buzzing with Chinese activity. So much so that provincial officials expect to rubber-stamp $1 billion in new investment licenses — many of them Chinese.