Posted on 08/29/2019 2:33:53 AM PDT by cba123
The prolonged trade fight between the United States and China is reordering the global supply chain and Vietnam could stand to be a winner for investors, according to a senior executive at U.S. investment firm General Atlantic.
As American companies plan to move their manufacturing bases outside China, countries in Southeast Asia could be the biggest beneficiaries, Sandeep Naik, head of India and Southeast Asia at General Atlantic, told CNBC's "Street Signs" on Tuesday.
(please see link for full article)
(Excerpt) Read more at cnbc.com ...
However this article is by CNBC, and not written by a Vietnamese, so what the heck.
Enjoy.
:)
Well, my employer is moving a lot of manufacturing from China to Vietnam.
Does anyone have numbers on how many companies and jobs China has lost to the trade war?
Heck, check the labels inside most of the shirts you buy now. All is see is Nam and Indonesia. Those ere there most every time.
Check Ethan Allen furniture as well. Has been made in ‘Nam for years now.
I have a few driver shafts lying around that were made in Viet Nam. Aldila if I recall.
It is not just clothing. A lot of the frozen shrimp in US supermarkets comes from Vietnam.
I believe that Trump’s primary goal in the trade war with China is exactly this: To get companies to move out of China so as to defund their military.
Forrest and Bubba were going to shrimp those waters:)
Shrimp gumbo,
fried shrimp,
butterfly shrimp,
shrimp stew,
When I do the grocery shopping here in NH, I shop at Market Basket. A family owned chain out of Mass. Almost as cheap as going to Costco.
MY wife likes to go to Shaws Supermarkets. They tend to be a little fancier and more expensive. Not as bad as the Holy Land(Whole Foods).
So, I opened my freezer last week and see a bag of frozen scallops my wife had bought at Shaws. I flip it over to see Product of China printed on the plastic bag. I made sure to point this out to Mrs. Woodbutcher when she got home. I also said to never, ever buy food from China again.
I believe that Trump’s primary goal in the trade war with China is exactly this”
When he was running for president he talked about bring manufacturing jobs back to America, not to Vietnam. Moving American companies’ jobs from China to Vietnam isn’t going to win a lot of votes in Ohio or Michigan
Trump always plays a deeper game than what he says. Some jobs HAVE come back to the US, steel mills for one, automotive manufacturing for another, but I don’t think many people believe that the garment or shoe factories that closed down in the 70s were ever coming back. Those jobs are labor intensive and didn’t pay squat in their heyday.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.