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Pompeo Said That US Companies Would Move Some Of Their Production From China To Vietnam

Pompeo Said That US Companies Would Move Some Of Their Production From China To Vietnam

American companies will move some of their production facilities from China to Vietnam given the measures taken by the US administration, as well as taking into account the consequences of the pandemic caused by the new coronavirus, according to a telephone briefing for foreign journalists by US Secretary of state Mike Pompeo.

Commenting on the bilateral relations between Washington and Hanoi, he praised them.

"The relations between our two countries are important. They are based on a fundamental shared understanding of the common path forward. [Including] economic path forward," said the head of the Foreign Policy Department of the USA.

In this regard, he focused on the topic of US direct investment in Vietnam. "We believe there are excellent opportunities that will move to Vietnam as a result of [US] decisions to withdraw supply chains from China. This is a direct result of political unrest in China, as well as decisions made by business leaders who say that this place is simply too risky to continue working <...> produce products for supply chains around the world. We believe that significant parts of Southeast Asia are likely to benefit from this," Pompeo argued.

Besides, he accused Beijing of creating threats to Southeast Asia and the Pacific and Indian oceans, without providing any evidence. "And there is a very serious challenge to Southeast Asia and the free and open regions of the Indian and Pacific oceans by the Chinese Communist Party," the Secretary of state said.

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