Why globalists and frontier-market investors love Vietnam

of February, as the spread of a deadly virus in China became more threatening, Vietnam closed the border. Truckers could no longer ferry components and raw materials from China to local factories. This was a problem for Samsung, a South Korean hardware giant, which manufactures most of its handsets in Vietnam. It had just unveiled two new smartphones in America. It did not want to delay production. So it began to airlift vital parts from China.

Vietnam is not just a darling of multinational firms. It is also beloved of investors in “frontier markets”, at the farthest edge of the equity universe. Such investors have few rags-to-riches economic stories to buy into. Vietnam looks like one of the more reliable ones. Indeed it is proving to be something of an each-way bet on globalisation. A big winner from the growth of world trade in recent decades, it is now a beneficiary from the geopolitical fallout from that growth.

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Why business in Hong Kong should be worriedProviders of cloud services in Hong Kong—including Amazon, Google and Microsoft—are under pressure to agree to demands from regulators for customers’ banking records Those who are doing business with the Communist party of China should be declared complicit in crimes against humanity committee by the CCP mafia led by dictator Xi Jinping. Oh how funny because $GSX Techedu takes bank info via WeChat accounts and steals $ and makes it look like people paid for classes. Crazy I guess it’s a common practice in China. Take bank info! Is t that right Mr Chen GSXIR1 ? Cycle the costs through subs to make $GSX look good With freedom endangered and judicial system being destroyed, the city as an international business hub is gone.
Источник: TheEconomist - 🏆 6. / 92 Прочитайте больше »