US-China Trade Issues Hurting Certain Vietnamese Exporters
U.S.-China trade tensions have “greatly affected” orders for Vietnamese garment and textile companies, according to a March 10 report from CustomsNews, the mouthpiece for Vietnam Customs. Despite the tensions, “customers of many companies still took priority to choose Chinese producers…
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because of their advantages on production technique, infrastructure and complete value chain,” the report said. “This is a cause leading to shortage of orders in the short term for Vietnamese companies.” Vietnamese companies are also competing for orders with countries “which have lower costs,” including Bangladesh, Cambodia and Pakistan.