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Home Steel News Enormous of capitals switched to Vietnam
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Enormous of capitals switched to Vietnam

8 Jul 2019 16:56 reported by Ana Lee

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After the meeting between Trump and Xi Jinping at G20, the result of the trade war between China and the US was still not clear.

However, Vietnam seemed to become the biggest beneficiary country due to the China-US trade war. To prevent from the terrible effect of the trade war, enormous capital has been switched to Vietnam. Hong Kong, China and South Korea were the top 3 investors.

According to statistics, the investment of Vietnam from Hong Kong amounted to US$5.3 billion, ranking on the top. South Korea and China invested around US$2.7 billion and US$2.3 billion respectively.

Since the trade war started last year, foreign companies have gradually withdrawn the capital from China to Southeast Asia.
In Addition, the advantages were appealing, such as low-cost labor and generally improved investment environment.

With the prosper of the economy, Vietnam was becoming investors' preference market.

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