Foxconn (Taiwan), TLC and Lenovo (China), Hanwa (South Korea) and Yokowo (Japan) are relocating their factories to Vietnam as a shelter from the ‘storm’ of the US-China trade war. The trade tensions between the US and China, investment flow and next-generation FTAs, including EVFTA, CPTPP and RCEP (which is hoped to be completed by the end of 2019) , all have brought positive influences to Vietnam’s industrial market. The list of companies relocating factories to Vietnam The high population and population structure give Vietnam advantages in comparison with other regional countries. In 2018, Vietnam had 94.6 million people. Like Indonesia and Malaysia, Vietnam has a young population with the number of people aged over 65 just accounting for 6-7 percent, while the figure is 11-12 percent in China and Thailand. The companies which are considering the relocation are Foxconn (Taiwan), Lenovo (China). Sharp, Kyocera, Nintendo and Asics (Japan). Mai Lan … [Read more...] about Industrial conglomerates leave China, head for Vietnam
