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Vietnam's Bac Ninh Transforms into Manufacturing Powerhouse Amid U.S. Tariffs

1/5/2026

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Summary

Story summary

Bac Ninh, Vietnam, has shifted from rice fields to a factory zone as investment moves from China due to U.S. tariffs.
Ahead of a key National Party Congress, 234 projects worth over $129 billion were launched as part of the manufacturing push.
Rising labor costs and competition from Indonesia and the Philippines challenge expansion.
Prime Minister Pham Minh Chinh says Vietnam must innovate to diversify exports and reduce U.S. reliance.

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Story summary

Bac Ninh, Vietnam, has shifted from rice fields to a factory zone as investment moves from China due to U.S. tariffs.
Ahead of a key National Party Congress, 234 projects worth over $129 billion were launched as part of the manufacturing push.
Rising labor costs and competition from Indonesia and the Philippines challenge expansion.
Prime Minister Pham Minh Chinh says Vietnam must innovate to diversify exports and reduce U.S. reliance.