May 21, 2020
Now that Vietnam appears to have won its health war against Covid-19 after recording zero deaths and winning international praise for its crisis management, speculation is rising the nation could also be an economic winner of the pandemic.
According to Vietnamese sources, there is widespread anticipation that the country will benefit from America’s moves to economically “decouple” from China by moving supply chains out of China and into other regional countries including Vietnam.
In early May, regional media reported that US tech giant Apple began producing 3-4 million units – or about 30% for the quarter – of its AirPod earphones in Vietnam in April, a sign that the firm is relocating some of its supply chains away from China.
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Source: Asia Times