Chinese steel manufacturers flock to Vietnam to avoid US trade warVietNamNet Bridge - Fearing a China-US trade war worth tens of billions of dollars, Chinese steel manufacturers are rushing to relocate parts of their production capacity to other countries, including Vietnam. Analysts noted that many steel manufacturers from China are planning to set up steel mills in Vietnam or are hunting for unprofitable Vietnamese steel enterprises to take over enterprises and inherit their operation licenses. Many steel manufacturers from China are planning to set up steel mills in Vietnam or are hunting for unprofitable Vietnamese steel enterprises to take over enterprises and inherit their operation licenses. The Chinese move of relocating steel mills to Vietnam is expected to bring danger to domestic manufacturers. Vietnam has been warned it may be involved in misfortune when Chinese steel manufacturers export their products to other countries under the cloak of Vietnam products.

Source: VietNamNet News July 27, 2018 09:22 UTC