Yet Thien sleeps fitfully. Every morning he reaches for his iPhone to scan news from faraway capitals that could put his livelihood and that of his 80 workers in jeopardy. That’s because Vietnam again finds its destiny shaped by the clash of great powers. The country, the bloodiest battlefield of the Cold War five decades ago, is at the nexus of the latest superpower confrontation—the economic rivalry between the U.S. and China.
To keep its export-powered growth story going, Vietnam needs unfettered access to the market of its former enemy, America, whose shoppers snap up Nike shoes made in the country’s south and tap away on Samsung smartphones assembled in giant plants just north of Hanoi. Equally crucial are imports—from yarn for making shirts and pants to chemicals and machines for assembly lines—from its fellow communist state and ostensible friend, China.
Early on in the U.S.-China trade war, Vietnam was shaping up as one of the world’s few winners. Investments flowed in and products shipped out of its busy ports in ever-increasing numbers. This bounty had unforeseen consequences, though: A growing trade surplus with the U.S. exposed Vietnam to the sort of tariffs the Trump administration had imposed on China. The duplicitous flow of Chinese products such as aluminum and plywood, rerouted south across the border and falsely labeled “Made in Vietnam” to avoid U.S. duties, is further straining Hanoi’s relations with Washington.
هذه القصة مأخوذة من طبعة February - March 2020 من Bloomberg Markets.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة February - March 2020 من Bloomberg Markets.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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