, Columnist
Trying to Replace China’s Supply Chains? Don’t Bother
Vietnamese factories were supposed to save globalization. It doesn’t look like that’s happening.
A new world factory floor?
Photographer: Maika Elan/BloombergThis article is for subscribers only.
So much for the great Vietnamese supply chains that were going to replace China’s and save globalization.
Over the past few years, analysts and consultants have eagerly pondered whether the Southeast Asian nation would edge in on its northern neighbor’s manufacturing prowess and export exuberance. Vietnam was seen as one of the biggest beneficiaries of the US-China trade conflict.