HANOI - After proclaiming success in containing the coronavirus, Vietnam is positioning itself as a safe place to do business, capitalizing on demand from international manufacturers looking to diversify their supply chains away from China.
The company, which has a client base of mainly Japanese and Korean investors, said it is speeding up plans to finish a 100,000 square meter factory in southern Vietnam in anticipation of an increase in post-pandemic demand.Advisers who help foreign firms relocate internationally said Vietnam's success in dealing with the pandemic had already boosted the confidence of foreign investors in the country.
"These opportunities will include the shifting of investment, particularly by large multinational groups seeking to diversify their supply chains to other areas, including Southeast Asia," deputy minister Tran Quoc Phuong said in a statement on a government website. "Vietnam is among the first of those destinations."Before the pandemic, many China-based businesses looking to escape rising labor costs and fallout from the US-Sino trade war had been looking at Vietnam.
After 5 years of growth, foreign investment in Vietnam fell 15.5 percent in the first four months of the year to $12.3 billion , according to data from the General Statistics Office .
concern18346206 Ayaw ng Philippines nyan magagalit ang China. See we are going to miss out because of you know who
Buti pa sila, sana ganun din tayo.
I'm coming back for Vietnamese Coffee & Pho!! just wait 😔😔😔
'Two, Three, many Vietnams..' bobdylan
The Nintendo switch hungry kids are gonna stop complaining finally
Really, I have seen Vietnam, it's hygiene is disgusting. Overcrowded rubbish everywhere. If you believe that you will believe anything.
BoycottVietnam A cruel, vile place where dogs and cats are tortured and eaten
$$$$$$
U.S. should pull out all businesses in China and move to Vietnam, Thailand, Philippines, Laos to create more jobs for people in ASEAN countries.
Until it starts again.
Your country took measures to protect your citizens from the CVID-19. It is a fact and wonderful thing! So i am looking forward to your great success in Japan.☘
Paano ang Vietnam.tao ang una nilang priority hindi ang pulitika sa Pinas? May pandemic na pulitika pa din at personal na galit. Napakahirap na ngayon magtiwala sa pamahalaan natin .
Sana all. Ano, another extension Pinas
Sana all may discipline. Sa Pinas? Iba yong focus. Ahy iwan!!!
Napaka organize po ng mga tao dyan, may discipline, we’ve been there twice sumusunod po sila sa batas at masarap ang food nila