Vietnam and Thailand race to capture China+1 shipping gains

As the geopolitical rift between China and the United States deepens, the global manufacturing and shipping landscape is undergoing a historic shift.

At the center of this realignment is the China+1 strategy—a growing movement by multinational firms to reduce dependence on Chinese factories by relocating production to other countries across Asia.

Nowhere is this shift more visible than in the shipping services and port terminals of Vietnam and Thailand, two nations jostling for prominence as the new manufacturing and logistics hubs of Southeast Asia.