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International Business Times
International Business Times
Business

Chinese Business In Vietnam Struggles With Trump Tariffs Uncertainty

Zhang Chundong, manager at Huochacha New Energy Group, posing for a photo at his factory in Bac Ninh province (Credit: AFP)

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 percent tariff threatened by Trump this month will materialise.

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