Myanmar hopes to be the next Asian winner of US-China trade war as Vietnam nears capacity

Description: 

"Myanmar expects to attract more investment as manufacturers seeking to relocate production from China to skirt US tariffs encounter capacity constraints in Vietnam. The Southeast Asian nation aims to woo a total of US$5.8 billion in foreign direct investment this year and cut back the red tape that deters some companies, according to a senior government official. “When it comes to relocation, Vietnam might be preferable but it’s already congested,” said Aung Naing Oo, permanent secretary at the Ministry of Investment and Foreign Economic Relations. “So, investors are now eyeing Indonesia and Myanmar.”..."

Source/publisher: 

"South China Morning Post" (Hong Kong)

Date of Publication: 

2019-11-11

Date of entry: 

2019-11-12

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China, USA

Language: 

English

Resource Type: 

text

Text quality: 

    • Good