Vietnam is now in a position to attract even more investors and promote mutual prosperity with the US, despite the uncertainties caused by the US-China trade conflict, a US official said at a trade forum last week. Speakers at a panel discussion at the Viet Nam-US Trade Forum held on Friday by the Ministry of Industry and Trade in HCM City. Mary Tarnowka, executive director of AmCham Viet Nam in HCM City, said: “The US-China trade conflict and resultant uncertainty have the potential to create opportunities for Viet Nam and AmCham Viet Nam since firms look to diversify their supply chains to destinations such as Viet Nam.” “It will also create additional challenges,” said Tarnowka, who is also the US consul general in HCM City. “The escalating trade conflict between China and the US affects AmCham Viet Nam’s members, including big, medium and small ones, in several ways.” Change is happening in the global economy, and US businesses and other AmCham Viet Nam members are affected, she said. “The change comes from uncertainty in the global marketplace. No one knows the duration or full impact of the US-China trade war.” “We do know the tariffs are affecting American businesses in… Read full this story
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