An FTA between Vietnam and the EU comes into force in July after it passed its last ratification hurdle. 80%+ of imports will come into the bloc tariff free, with more to come over the next few years.
Vietnam has been sucking up investment. As well as benefiting from the US-Sino trade war, it’s been creating a business-friendly environment that’s encouraging firms to locate there. Latest appears to be Mitsubishi, which is considering at which port it should locate its next factory rather than which country.