US turbulence should steer clear of Vietnam trade
Bilateral trade and investment from the US into Vietnam are expected not to see drastic changes under US President Donald Trump. Michael Sieburg, associate partner at Asia-Pacific marketing strategy consulting firm Solidiance, talked to VIR’s Hong Anh about the impact of the American withdrawal from the Trans-Pacific Partnership and other economic policies of the new administration on Vietnam. US President Trump has been talking about bringing jobs back to the US. To what extent will this affect US companies’ expansion plans in Vietnam, where a lot of local workers are employed? While Trans-Pacific Partnership related foreign direct investment might be negatively impacted by Trump’s actions, I do not believe his pledge to “bring jobs back to the US” will itself lead to investors switching their FDI plans from Vietnam to the US.
