Vietnam’s Covid outbreak is pushing manufacturing back into China ...Middle East

Quartz - Economy
Vietnam’s Covid outbreak is pushing manufacturing back into China
Companies have spent the past several years moving manufacturing out of China and into neighboring southeast Asian nations, both to exploit cheaper labor in other countries and to dodge tariffs imposed during the Trump administration’s trade war with China. Vietnam has been one of the most popular destinations for US companies opening up new factories, along with Cambodia, Indonesia, Myanmar, and Malaysia.Now, companies are scrapping those efforts and moving their factories back to China after a punishing wave of Covid-19 infections has shuttered factories across Vietnam. After three months of lockdowns, the Vietnamese government is only just beginning to gradually ease restrictions. Earning

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