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Vietnam becomes vital link in supply chain as business pivots from China
Rising investment amid geopolitical tensions puts infrastructure under strain.
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Vietnam’s export-led growth has pulled millions of people out of poverty over the past 30 years.
PHOTO: REUTERS
Orla Ryan
Space at the Deep C Two industrial estate in northern Vietnam is in such demand that its developer is already thinking about how to create more – by pushing back the South China Sea.
Some of the biggest suppliers to global tech companies such as Apple are clustered at Deep C Two, close to northern Vietnam’s biggest port, Haiphong. Now, geopolitical tensions between Beijing and Washington and the risks to business exposed by the Covid-19 pandemic are spurring more manufacturers to shift out of China – and Deep C, a Belgian developer which runs five zones in Vietnam, is getting ready.
