US-China trade war
Latest News about US-China trade war
Vietnam is now in a position to attract even more investors and promote mutual prosperity with the US, despite the uncertainties caused by the US-China trade conflict, a US official said at a trade forum last week.
The sudden depreciation of Chinese yuan against the US dollar brings more difficulties to Vietnam’s yarn industry, according to Vietnam Textile and Apparel Association (VITAS).
The flow of foreign direct investment (FDI) is seeking a safe haven as the Sino-American trade war has yet to show a sign of ending.
Vietnam’s apparel industry will be a key beneficiary from the ongoing US-China trade war and the subsequent diversification strategies of US retailers, a research entity of Fitch Group has forecast.
China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase.
icon SCI-TECH & ENVIRONMENNT
The move would lift the ambitions of a nation already well on its way to becoming a powerhouse maker of smartphones and other high-end gadgets.
Asia-Pacific businesses benefiting from shift in manufacturing from US-China trade war, according to Grant Thornton study.
Sharp Corporation announced plans to remove its facility from China to Vietnam in order to avoid the impacts of the US-China trade war.
The prices of seafood and fruits imported from the US into Vietnam have drastically decreased due to a US-China trade war.
Vietnam has a trade surplus of $20 billion a year with the US, while the current account surplus is over 2 percent of GDP per annum.
In general, Vietnam reaped no rewards from the trade war and is facing obstacles in shipments to several markets.
Vietnam’s exports to the United States have recently soared, bringing about opportunities to both gain more market shares in the states and potential risks.
In the second half of this year, increasing competition in product quality, prices and market share are predicted to force steel companies to work harder to maintain their foothold in the market.
Vietnam and Bangladesh are forecast to reap benefits from becoming alternative sourcing destinations as the fashion sector is reckoned the most exposed amid an escalating US - China trade war, according to Fitch Solutions analysts.
Vietnam, with its highly open economy, is facing many risks from the US-China trade war which has not shown any sign of easing, experts said at a workshop in HCM City on June 25 on the impacts of the trade war.
Chinese investors are pouring money ino Vietnam as a shelter from the US-China trade war.
Leaders of the Association of Southeast Asian Nations (ASEAN) discussed many international and regional issues at a retreat session within the framework of the 34th ASEAN Summit in Bangkok, Thailand, on June 23.
Japan’s electronics maker Sharp is planning to shift production of personal computers from China to Vietnam for shipment to the United States, NHK reported.