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After Swift Virus Success, Vietnam Sets Sights on Post-Pandemic Business

HANOI — After proclaiming success in containing the #coronavirus Vietnam is positioning itself as a safe place to do business, capitalising on demand from international manufacturers looking to diversify their supply chains away from China.

Vietnam has reported a relatively small 288 cases and zero deaths, putting the Southeast Asian country on course to revive its economy much sooner than most others, according to public health experts interviewed by Reuters.

"Given its fast response to the virus, we expect foreign investment to pour in to Vietnam after the pandemic," Kizuna Joint Development Corp, which builds ready-to-go factories in Vietnam, told Reuters in a statement.

The company, which has a client base of mainly Japanese and Korean investors, said it is speeding up plans to finish a 100,000 square metre (1 million square foot) factory in southern Vietnam in anticipation of an increase in post-pandemic demand.

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