US-China trade war's pains and gains: Vietnam stands to win as foreign investments rise

Vietnam Singapore Industrial Park drew US$1.3 billion (S$1.8 billion) more in investment than it did at the end of last year.
Vietnam Singapore Industrial Park drew US$1.3 billion (S$1.8 billion) more in investment than it did at the end of last year.PHOTO: SEMBCORP DEVELOPMENT

HANOI • Trade war or not, Vietnam's patchwork of free trade agreements, liberalisation and already close trading relationship with both China and the United States ensures that, for now at least, the country of 96 million people probably wins, whether relations between Beijing and Washington thaw or remain in deep freeze.

"I have an optimistic view that Vietnam's foreign direct investment (FDI) inflows will continue to increase in the future," said Dr Lam Thanh Ha, senior lecturer in economics at the Diplomatic Academy of Vietnam.

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A version of this article appeared in the print edition of The Straits Times on June 17, 2019, with the headline 'Vietnam stands to win as foreign investments rise'. Print Edition | Subscribe