Manufacturing in Vietnam could be a “big winner” in Brexit, according to one consulting firm with long roots in Asian and Western manufacturing.
Vietnam has continuously been listed among the world’s top 30 attractive emerging retail markets since 2008.
A minister said the British vote to leave the EU would not have immediate impacts on Việt Nam, but long-term impacts must be taken into account.
VN hopes Belgium’s Government and legislative bodies to accelerate the ratification of the EVFTA.
Vietnam’s garment and textile industry is targeting to earn an export revenue of US$31 billion in 2016, up 10% against the previous year.
A state visit to Vietnam by outgoing US president Barack Obama last month made global headlines, particularly when a deal was thrashed out.
Apple may invest $1 billion in VN to build a research and development center, most likely to be located in Hanoi, to serve the entire Asian region.
Vietnam’s exports to the United Kingdom will face several barriers if the country leaves the European Union, stated Dang Hoang Hai.
The split between the UK and EU will have economic, political and psychological repercussions for Southeast Asia.
Exports of some products to mainland China from Hong Kong are exempt from tax, so VN companies should take advantage of this treatment.
| The site is done with the technical support of the project BWTO |
