The current cornavirus outbreak and last year’s US-China trade war have made many foreign investors in China look at moving their sourcing and manufacturing in the country to other locations. There can be many reasons – new concerns of the disease affecting production, the impact of tariffs, as well as the increasingly expensive Chinese labor market and overall costs of doing business. While we do not expect any wholesale exodus from China, we understand that businesses quite naturally evolve. After all, we are one of them.

In the first nine months of this year, U.S. imports from Vietnam jumped 34.8% year-on-year, according to consultancy IHS Markit. In comparison, U.S. imports from mainland China shrank 13.4% during the same period. That increase in exports to the U.S. has made Vietnam one the largest beneficiaries of the trade war. Vietnam’s fastest growing export categories to the U.S. are computers, telephone equipment and other machinery.

Internet giant aims to double shipments in 2019 in aggressive hardware campaign.

The Ministry of Finance plans to eliminate import taxes on auto materials and parts in order to support the development of the country’s automobile industry.

Together with the EU-Vietnam Free Trade Agreement, the EU-Vietnam Investment Protection Agreement (EVIPA) was signed in Hanoi on June 30, 2019. Nicolas Audier, chairman of the European Chamber of Commerce in Vietnam, provides an in-depth analysis of how the EVIPA will help protect EU investors’ benefits when they do business in Vietnam after it takes effect.

From 2 - 5/7/2019, TRUMPF Vietnam participated in MTA Vietnam Exhibition 2019 at Saigon Exhibition and Convention Center (SECC).

Vietnam’s great potential in IT and wide-scale smartphone coverage will be the keys for the country to develop its digital economy and seize great opportunities in Industry 4.0. Nguyen Dat reports.