Vietnam’s Diversification of Trade and the China Plus One Strategy

Vietnam Briefing examines Vietnam’s position in the China plus one strategy appearing as a favorable investment destination due to its proximity to China, its coastline, and lower export tariffs implemented by free trade agreements.

We also look at the complementary relationship between Vietnam and China due to close trade ties.

Recent media reports have underlined Vietnam as an export destination with exports surpassing those of Shenzhen in March. Several analysts have said that this is a result of Vietnam benefitting from a shift in global supply chains. While this is true, we need to examine which products are being exported at what cost and which industries have shifted their supply chain ecosystem to the country.

China plus one strategy

We have discussed the China plus one strategy in several articles on Vietnam Briefing, but we will look more in-depth given the current…