Vietnam, a frontier economy in Southeast Asia, has often been named one of the biggest winners in the U.S.-China trade war.
The trade war has also led companies to start or expand manufacturing in Vietnam — accelerating a trend that began years ago when rising costs in China pushed manufacturers to seek cheaper locations.
Vietnam, considered by many as one of the best alternative locations to China, has seen bottlenecks appearing in its economy even though its share of global manufacturing output is still small. Vietnam has a young and growing labor force – defined as people aged 15 and older who are employed, and those unemployed but seeking work. But the size of its workforce is much smaller than that of China.
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