Chinese businesses in Vietnam struggle with Trump tariffs uncertainty


Zhang Chundong inspecting a forklift at his factory in Bac Ninh province. - AFP

VIETNAM: A year ago Zhang Chundong helped the firm he manages expand into Vietnam, part of a wave of Chinese businesses to choose the booming manufacturing hub since the trade war of US President Donald Trump's first term.

Now the company -- a distributor of forklifts made by China's BYD -- is struggling to achieve the fast growth it expected as factory projects stall, and Vietnam waits to see if an enormous 46 per cent tariff threatened by Trump this month will materialise.

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Vietnam , businesses , Trump , tariffs

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