Vietnam emerges as a beneficiary of the US trade war with China

13 Sept 07:01 Key points summarised by AI

The US-China trade war is compelling multinational companies to relocate manufacturing from China, with Vietnam becoming a leading destination to bypass punitive tariffs.
Vietnam has witnessed a significant surge, over 60%, in foreign direct investment in its manufacturing sector, attracting major firms like Sharp, TCL, and Hon Hai (Foxconn) to establish or expand operations.
Escalating trade tensions are anticipated to further divert labor-intensive production investments towards Vietnam and other ASEAN nations, despite regional challenges such as rising costs and labor shortages.
While other ASEAN countries like Thailand and Cambodia are also actively seeking investment, Indonesia's stringent labor laws have caused it to be bypassed by relocating companies, underscoring Vietnam's competitive advantage.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.