How the looming trade war and China’s rising labour costs are a boon to Vietnam’s economy

The looming US-China trade war has boosted foreign investment in Vietnam, accelerating an already strong trend of foreign firms veering away from China and its rising costs and eyeing ventures in Southeast Asia.
Despite economists’ warnings that the escalating trade tensions between the world’s two largest economies could indirectly hurt growth in Southeast Asia, the region is still seen as a destination for foreign companies shifting production away from China, where rising wages…