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Vinmetall builds a new 20 million tons steel plant.
More than enough for the 4 million tons steel needed for the north south 2,000 km highspeed rail
Good for China, too
Vietnam, China economy is much intervened, the US unlikely wants total trade war.
I would not worry too much about in your case of China. Trump is a psycho, but he is not dumb.
I do more worry for
Indonesia, Thailand or Philippines. they are at much greater risk as manufacturing centers. They profited when Vietnam was at numerous wars, now we just return to normal state.