The US-China trade scuffle made Vietnam emerge from a lower middle income economy to a rock star global manufacturing hub as companies have been shifting production to the country to dodge the impact of the US tariffs imposed on Chinese goods,thus auguring its trade and manufacturing sectors.Vietnam,ranked 70th in World Bank's ease of doing business for 2020,outpacing fast rising performers Indonesia(69.6th),the Philippines(95th)and Brazil(124th),is the world's manufacturing hub for electronic products,smart phones,textile and footwear.It is also known to have maintained cheap labour costs,and a sizeable consumer market.
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