Vietnam takes steps to avoid trade war crossfire

With the trade war spurring demand, gold prices in Vietnam have risen by 4.97 percent this week to their highest levels in six years.

The VN-Index fell 8.54 points, or 0.88 percent, to close at 964.61 points Tuesday afternoon, its third consecutive losing session.

Vietnam’s benchmark VN-Index fell 17.95 points (1.81 percent) to 973.15 points Monday afternoon, its biggest drop since March 25.

Vietnam can be Apple’s next manufacturing base, but a dearth of skilled labor and increasing labor costs can undermine its competitiveness.

Malaysia’s Top Glove will open its first plant in Vietnam next year to meet the surging demand in the country for hygienic gloves.

Apple will soon start trial production of its AirPods wireless earphones in Vietnam as it cuts China reliance.

An import surge of cheaper Chinese toys courtesy of the U.S.-China trade war is making life difficult for Vietnamese producers.

Vietnam’s gold prices rose by around 2 percent Wednesday as hopes faded for a quick end to U.S-China trade war.  

International apparel makers are slowing or, in the case of some, completely halting expansion in Vietnam since the country’s labor costs are rising.

The world’s biggest electronics contract manufacturer, Foxconn, is studying the possibility of setting up a $40-million TV screen production plant in northern Vietnam.

Vietnam has urged all sides involved in South China Sea disputes to discharge their legal duties and contribute to maritime security.

Vietnam has envisaged different scenarios for the ongoing U.S-China trade war and prepared methodic responses, the government says.

There has been a surge in Vietnam’s exports to the U.S. whose trade war with China continues without an end in sight.