As geopolitical changes increase the cost and stress of doing business from home, Chinese companies are finding alternative locations for production, particularly in Southeast Asian countries like Vietnam.
During his state visit to Vietnam last week, Indonesian President Joko Widodo and Vietnamese counterpart Vo Van Thuong proclaimed their strong commitment to elevate investment ties via a series of new solutions including facilitation of businesses to diversify investment and business forms in their respective markets.
Vietnam was able to report strong foreign investment attraction results for the whole 2023 on the back of efforts to improve the domestic investment climate.