For every one percent of the yuan depreciation against the dollar, the price of Vietnam’s yarn export to China would lose 3 US cents per kilogram, analysts estimate.

With the ‘destructive power’ believed to be much bigger than the 2008 crisis, the Chinese financial storm, if it occurs, will be a big threat to Vietnam, which has close economic relations with the world’s second-largest economy, experts say.

Samsung, LG and Intel have injected more money into Vietnam. Some multinational conglomerates are considering relocating their global production bases to Vietnam. Others are planning to set up factories in Vietnam.