HCM City set to welcome fresh wave of US investment
Vietnam has opened its doors to major firms for decades and is expected to have even greater business opportunities under the Trump 2.0 administration, according to the US-based website forbes.com.
During his campaign, Donald Trump pledged to bring all industries back to the US. However, this is unlikely to happen, and if it does, it certainly won't be on a scale or at a speed Trump envisions. Instead, one plausible scenario is that Vietnam will emerge as the primary beneficiary of this policy.
If previously goods was made in China, now they are going to be made in Vietnam, Jason Miller, a professor of supply chain management at Michigan State University told Forbes. That production will not come back to the US, he continued.
Under the Trump 1.0 administration, major corporations like Apple, Foxconn, and Intel pivoted to Vietnam to diversify their manufacturing portfolios. The article held that Vietnam would still hold significant advantages when Trump was re-elected as president.
