As tariffs and the trade war with China intensify, companies that have long relied on Chinese manufacturing are increasingly exploring alternatives across Asia—with Vietnam emerging as a top contender. The country offers a compelling combination of lower labor costs, strategic trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) , the EU-Vietnam Free Trade Agreement (EVFTA), and Regional Comprehensive Economic Partnership (RCEP), and a rapidly improving infrastructure that supports large-scale production and export.
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- Publication date
- 17 April 2025
- Author
- European Innovation Council and SMEs Executive Agency