Trump’s trade war turns Vietnamese furniture maker into a winner

SINGAPORE: While the United States and China both scramble to limit losses in their ongoing trade war, Vietnam’s Le Duy Anh is adding to his winnings.

Anh is chief executive officer of Xuan Hoa Vietnam Joint Stock Co, a furniture company based outside of Hanoi, which has received an influx of international visitors recently. On the back of US-China tariffs on US$360bil in goods last year, Xuan Hoa clients – including Swedish furniture giant Ikea – have re-directed some production from China to Vietnam. At least 10 new prospective clients came calling at Anh’s office from abroad in just the first three months of the year.