Japan's Nintendo will shift some of the production of its popular Switch gaming consoles to Vietnam from China.
An import surge of cheaper Chinese toys courtesy of the U.S.-China trade war is making life difficult for Vietnamese producers.
The increase in Chinese FDI in Vietnam is good news, but there are many risks that need to be anticipated.
Management authorities are stepping up preventive measures to stop trade fraud and tax evasion related to Chinese commodities that illegally carry made-in-Vietnam labels due to escalating U.S.-China trade tensions.
Tariffs on Chinese goods exported to the US have accelerated manufacturing activity moving from North to Southeast Asia, and Vietnam is best positioned to benefit from this trend, according to Viet Dragon Securities Company (VDSC).
To avoid the US’ $200 billion tariff slapped on Chinese goods, smartphone giant Apple’s manufacturers are looking to shift business from China to Vietnam and other Southeast Asian countries.
The Government will have to decide either to devalue the Vietnamese dong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the USD/VND exchange rate stable to avoid increased public debt and control inflation as the US-China trade war accelerates.
The trade dispute between the US and China, two of Vietnam’s top trading partners, could leave both positive and negative impacts on the country, as well as other Southeast Asian nations, business insiders and experts forewarned.
Priced at slightly above the selling prices of Chinese goods and better in quality, Thai consumer products have dislodged Chinese goods out of Vietnam and competed fiercely with Vietnamese products.
(VOV) -President Truong Tan Sang and National Assembly deputies of Ho Chi Minh City on June 28 met with local entrepreneurs to listen to their opinions on business facts, particularly amid the demand for both safeguarding the national sovereignty in the East Sea and shoring up the economy.
(VOV) -About 80% of illegally-imported goods on the Vietnamese market are from China.
(VOV) - Hanoi’s My Dinh National Convention Hall will be home to a Qinghai goods fair over October 28–31.
(VOV) - Many experts warn the lack of technical barriers will create a “flat world” for Chinese goods, placing domestically manufactured products under intense pressure.