Economics
Why Vietnam Could Be Asia's Biggest Trade War Winner
- Nation has free trade deals with the EU, South Korea
- Manufacturing wages are among the lowest in the region
Motorcyclists pass vendors selling food in a market at night in Ho Chi Minh City, Vietnam.
Photographer: Maika Elan/BloombergThis article is for subscribers only.
In the race to lure companies looking for alternative sites amid the U.S.-China trade war, Vietnam wields a slew of advantages over its rivals.
Vietnam was ranked No. 1 among seven emerging Asian countries as manufacturing destinations by Natixis SA, which looked at demographics, wages and electricity costs, rankings in doing business and logistics, and manufacturing as a share of total foreign direct investment.