Since 2018, the Trump administration has increased import tariff to support the “American First” project. These taxes are gradually putting pressure on China’s exports. On the other hand, Vietnam with its bilateral agreements with many countries, including the recent EU-Vietnam Free Trade Agreement (EVFTA): exports and production in Vietnam have significantly increase.
These measures results in an increase of foreign and Vietnamese investments to create more robust infrastructures, to grow the logistics network and the manufacturing capacity in the country. Vietnam is in some ways the big winner of this US tariff war.