http://www.china-briefing.com/news/2007/12/10/resources-relations-and-free-trade-how-china-is-opening-up-its-borders-to-vietnam.html Sat, 30 Aug 2008 15:16:14 +0000 http://wordpress.org/?v=2.3.2 http://www.china-briefing.com/news/2007/12/10/resources-relations-and-free-trade-how-china-is-opening-up-its-borders-to-vietnam.html#comment-6143 Chris Devonshire-Ellis Tue, 11 Dec 2007 02:26:59 +0000 http://www.china-briefing.com/news/2007/12/10/resources-relations-and-free-trade-how-china-is-opening-up-its-borders-to-vietnam.html#comment-6143 We're seeing a lot of relocation from manufacturers in South China to Vietnam, in addition to new FDI business going in there that is ignoring China. The new "China Plus One" concept of Asian manufacturing seems to be making some headway, and this spreading of country risk, coupled with a looser regulatory investment environment and tax incentives to beginning to encourage multinationals to set up in Vietnam. The proposed "Free Trade Zone" between Hanoi and Kunming is also attractive for the flow of goods between the countries. Dezan Shira & Associates is following this through with the establishment of offices in Hanoi and Ho Chi Minh City in Q2 2008 in order to service existing China clients as well as advise new to Asia manufacturers. We’re seeing a lot of relocation from manufacturers in South China to Vietnam, in addition to new FDI business going in there that is ignoring China. The new “China Plus One” concept of Asian manufacturing seems to be making some headway, and this spreading of country risk, coupled with a looser regulatory investment environment and tax incentives to beginning to encourage multinationals to set up in Vietnam. The proposed “Free Trade Zone” between Hanoi and Kunming is also attractive for the flow of goods between the countries. Dezan Shira & Associates is following this through with the establishment of offices in Hanoi and Ho Chi Minh City in Q2 2008 in order to service existing China clients as well as advise new to Asia manufacturers.

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