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US expects to upgrade Vietnam ties, risks China anger
(www.reuters.com)
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this post was submitted on 04 Sep 2023
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Not sure if I can be helpful but lately there are several manufacturing sectors trying to reduce their footprint in China and move to Vietnam or India, for a mix of reasons (rising labor cost in China, geopolitical tension implying potential supply chain disruption). The US promoting their relations with Vietnam means there will be trade deals (free trade maybe?) which will incentivize manufacturers to move their production there, potentially away from China.
Thanks so much. I’ve been seeing “made in Vietnam” labels in clothing for over a decade. I’m glad to give Vietnam more business but sorry it will still be depressed wages and probably horrible working conditions, for decades. Will they too solve abject working condition suicides with suicide nets (rhetorical)?