Distrust of China drives Vietnam’s economic miracle


Source: afr.com afr.com

Key Topics in this News Article:

News Snapshot:

While no Trump in tone or temperament, US President Joe Biden has retained many of his predecessor’s “America First” policies, using the pandemic fallout to step up a shift in critical manufacturing back onshore, or turning more to allies in supply chains. Vietnam is one of several countries benefitting, and this is even drawing some Australian companies to the country, says KPMG Hanoi senior partner Ha Do. “Vietnamese are not laid back. We are success-driven,” she said. This powers the government’s bold goal to make Vietnam a high income country by 2045, requiring the economy to grow between 6.5 per...