In March 2023, Reuters reported that Vietnam had become a favored destination for a significant influx of investments from China following the country's decision to lift its zero-Covid policy in December 2022. Data from the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) reveals that between January and July, Chinese investors registered over 2.33 billion USD in Vietnam, hence the third position. Moreover, with the number of new projects considered, China holds the top rank with 325.
The recent surge in manufacturing relocation from China to Vietnam is a positive sign for the economy. However, experts emphasize the need for Vietnam to be discerning in its approach and caution to prevent becoming a mere "processing hub" for foreign companies utilizing its brand name for exports.
*Read the infographic below for more details*
#InterLOG #supplychaininnovator #trade #investment #overseas #logistics #supplychain #economic #forwarder #turnover #export #import #innovation #green #sustainable #potential #bilateral #partnership #china #vietnam