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Vietnam's Communist Free Traders See Positives in Trump Tariffs

Daniel Ten Kate, John Boudreau, Nguyen Dieu Tu Uyen
Vietnam's Communist Free Traders See Positives in Trump Tariffs

Sitting down for an interview at Vietnam’s Government Office in Hanoi, Prime Minister Nguyen Xuan Phuc is a man in a hurry. Vietnam’s leaders have reason to hustle: The country’s economy is more dependent on trade than any nation in Asia apart from Singapore, relying on sales of smartphones, shoes and shrimp to stoke one of the fastest growth rates in the world. As U.S. President Donald Trump threatens tariffs on all goods from China, companies already burdened by higher wage costs are accelerating plans to shift production to other countries -- and neighboring Vietnam is well placed to benefit.