A shift in manufacturing for better profits, less tariffs

I vaguely remember over a decade ago: manufacturing related to sewing closed shop in Thailand and moved to Vietnam. Less than a decade ago Korean manufacturing looking for less cost also moved operations to Vietnam.

A few years ago and now there are news stories of Thai businessmen investing heavy in Vietnam.

Now with the trade war on, more Chinese businessmen are moving their operations to Vietnam.
It means job losses in China and subsequently less Chinese overseas travel.

Published on Jun 19, 2019👇