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Customer Support Vietnam Still Attracts Investors as Trump Deals Trade Setback by Economy still boasts labor cost edge and investment-led growth Trumps China bashing may shift more plants to Southeast Asia What Trump's TPP Decision Means for Asian Markets Vietnamese clothing maker NhaBe Garment Corp . had a lot riding on the Trans-Pacific Partnership. The supplier to brands such as Calvin Klein, Michael Kors and Kenneth Cole has seen its exports more than doubled since 2011 to $729 million last year--and it increased its factories two-fold to 35, betting on a big drop in tariffs from Vietnams membership in the 12-nation trade pact. With a pen stroke, President Donald Trump killed the ambitious trade agreement, a deal that promised to deliver an estimated 8 percent boost to Vietnams gross domestic product by 2030, according to the World Bank. Yet that hasnt dented enthusiasm among multinationals for the communist country, which was on track to be the top exporter of goods to the U.S. last year among the Association of Southeast Asian Nations. We have filled all the factories,saidNhaBe managing director Michael Laskau in charge of order, design and manufacturing. I dont expect our customers to leave us. Trumps incendiary trade rhetoric directed at China and his threat to impose 45 percent tariffs on Made-in-China products remains a powerful incentive for companies to shift manufacturing to other countries, with Vietnam emerging as a รองเท้าส้นสูง strong contender. While TPPs demise takes some of the shine off Vietnam, the countrys young and low-cost workforce are magnets for international investors. Vietnam will continue to attract foreign direct investment in labor intensive firms as well as those that want to capture the burgeoning domestic market, said Trinh Nguyen, a senior economist at Natixis SA in Hong Kong. The country has been enjoying a foreign investor-led economic boom for years as it transformed from mainly an exporter of agricultural commodities, such as rice and coffee, to a Southeast Asian manufacturing hub.
For the original version including any supplementary images or video, visit https://www.bloomberg.com/news/articles/2017-01-24/vietnam-still-attracts-investors-as-trump-deals-trade-setback
"He quickly recovered, walked out of the Capitol and turned home," Kendall said, adding that emergency medical technicians met Dayton at his home and performed a "routine check" on him there. "He is now spending time with his son and grandson" and would present his 2017 budget to legislators on Tuesday morning as planned. Gubernatorial spokesman Sam Fettig said the governor, now midway through his second four-year term, did not go to a hospital. Fettig declined to say what might have caused the governor's collapse but said he believed Dayton to be otherwise in good health. Dayton's son, Eric, posted a separate message on Twitter saying, "I'm with my dad now and he's doing great. Thank you all for your kind well-wishes and words of concern." Dayton was briefly hospitalized about a year ago after fainting while speaking during an event in the St. Paul suburb of Woodbury. Aides said then that he was treated for dehydration before being released. Dayton served six years at a U.S.
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