Vietnam's Economic Growth Amid U.S.-China Trade War

Vietnam is actively enhancing its trade relations with American countries through the Vietnam Foodexpo 2024, aiming to boost exports and foster long-term business cooperation. This comes as the country reported a significant increase in foreign investment, reaching $19.58 billion in the first ten months of 2024, reflecting Vietnam's growing appeal as an investment destination amid the ongoing US-China trade war. Companies like IBE Electronics have relocated to Vietnam to avoid tariffs, indicating a strategic shift in manufacturing bases due to changing global trade dynamics. Vietnam's membership in the WTO since 2007 has further solidified its position in global trade, promoting fair competition and economic integration. These developments highlight Vietnam's resilience and strategic positioning in the international market, as it continues to attract foreign investment and strengthen economic ties with the Americas.