Alternative to China: Vietnam's Economic Miracle
Vietnam was considered one of the biggest losers of the US tariff war. A year later, the country is booming like no other major economy in Asia - and is becoming an opportunity for German companies.
German manufacturer Ziehl-Abegg is supplying fans to Amazon for its new AI data centers in the US. The company's Vietnamese factory, located near Ho-Chi-Minh-Stadt, will ship around eight containers of fans to the US every week starting in the coming weeks. In the next year, 60 percent of the factory's production will be delivered to the US, not including fans sent to Malaysia for onward shipping to America.
The company opened the Vietnamese factory two years ago to reduce its dependence on China, where it has its largest Asian plant.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
