Why EU-Vietnam free-trade deal can’t topple China as world’s factory

Even as many in the region hail a free-trade deal between the European Union and Hanoi for opening up new economic possibilities, analysts say it is unlikely to be a silver bullet for Vietnam’s post-Covid-19 recovery.Chinese analysts also think it is unlikely the European Union Vietnam Free Trade Agreement (EVFTA), which was ratified on Tuesday, will result in a substantial number of foreign investors and manufacturers relocating from China to Vietnam.The deal will cut or eliminate 99 per cent…