Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country
AEOI Chief Mohammad Eslami: We witnessed new, stricter stances from European countries since signing new agreement with IAEA
Saree: Our UAV force targeted the so-called Ramon Airport in the Umm al-Rashrash area in southern occupied Palestine
YAF spokesperson Brigadier General Yahya Saree: Our rocket force carried out an operation with a Palestine 2 hypersonic ballistic missile targeting a sensitive target in the occupied Yafa area
Trump administration clears first Ukraine arms aid package paid for by allies: Reuters, citing sources
Saudi Crown Prince Mohammad bin Salman receives Secretary of Iran's Supreme National Security Council Ali Larijani at his office in Al-Yamamah Palace
Wakim: Surrender is not in our dictionary, and it is not true that "Israel" can implement its project in Lebanon and the region
Wakim: The US is preventing the armament of the Lebanese army. The question is, why are the weapons it is handed over by the Resistance being destroyed?
Wakim: The Resistance is required to hand over its weapons to the [current] authority. The question is: Is this authority independent or subservient to America?

In first, China exports more to Vietnam than Japan

  • By Al Mayadeen English
  • Source: Agencies
  • 13 Jan 2025 21:41
4 Min Read

The rerouting of trade risks increased prices for businesses and consumers, but it has helped Vietnam, which has witnessed an increase in investment as companies seek to diversify their supply chains away from China.

Listen
  • x
  • In first, China exports more to Vietnam than Japan
    In this photo released by Xinhua News, a truck transfers a container at the Tuanjiecun Station in the Chongqing International Logistics Hub Park in southwest China's Chongqing Municipality on May 5, 2024. (AP)

Vietnam has surpassed Japan as China's third-largest export destination for the first time, as US tariffs compel businesses to find new suppliers to avoid taxes while continuing to rely on Chinese manufacturers for components.

China's exports to Vietnam increased by over 18% in 2024 to a record $162 billion, according to figures provided by China's customs office on Monday. This broke the previous record of $152 billion in sales to Japan, China's third-largest export market.

The increase was mostly driven by an increase in part shipments to the Southeast Asian country, where they are assembled before being shipped to the US and other destinations. According to Chinese data through November 2024, electronic components such as screen modules and computer memory accounted for eight of the top 10 fastest-growing exports.

The rerouting of trade risks boosting prices for businesses and consumers, but it has helped Vietnam, which has witnessed an increase in investment as companies seek to diversify their supply chains away from China. Leading electronics manufacturers, including Samsung Electronics Co., Luxshare Precision Industry Co., and Hon Hai Precision Industry Co., have spent billions of dollars in Vietnam in recent years to assemble items like AirPods and MacBooks.

The AI boom and US export limitations on AI chips have both increased investment in Vietnam and kept China in the game.

Hon Hai began manufacturing Nvidia’s AI graphics cards at a subsidiary in Vietnam last year, sourcing critical components like integrated circuits and printed circuit boards from China, according to NBD, a private customs data provider.

Related News

DPRK slams US-Japan-South Korea war games as ‘reckless’

Japanese lawmakers urge government to recognize Palestine

Most of the finished products were shipped to US clients, contributing to a record trade surplus between Vietnam and the US for the fiscal year ending November 30. This trend could draw attention from President-elect Donald Trump, who previously called Vietnam a “trade abuser” in 2019, highlighting concerns over trade imbalances.

The US has already taken action, with the Biden administration imposing tariffs on solar panels made in Vietnam and three other Southeast Asian countries late last year, as many of these panels were produced by Chinese companies seeking to bypass US taxes.

China extends export ban to global companies in unprecedented move

Beijing has moved to enforce its domestic laws internationally by prohibiting the sale of certain goods to the United States, targeting companies both within and outside China, Bloomberg.

In its first implementation of new export control measures, China aims to mimic the extraterritorial scope of US and European sanctions by restricting items that are either Chinese-made or contain Chinese components.

This week, China announced a ban on the sale of dual-use items to the US military, as well as the export of materials like gallium and germanium to the United States.

China's Ministry of Commerce announced on December 3 that the new restrictions will apply to companies and individuals abroad. It warned that any entity or individual from any country who violates these rules by transferring or supplying Chinese-origin dual-use items to the United States will face legal consequences.

Effective December 1, the regulations mirror aspects of the US Export Administration Regulations, according to a report by the law firm Covington & Burling, which noted limited details on how and when this extraterritorial enforcement would occur.

China is the leading global provider of numerous critical minerals, and its dominance has been regarded by Washington as a growing concern, particularly since it imposed initial export restrictions on gallium and germanium in 2023.

  • Japan
  • China
  • Vietnam

Most Read

Pro-"Israel" conservative Charlie Kirk shot during Utah speech

American far-right activist Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025
Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

  • Palestine
  • 14 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Britain Trained Israeli Soldiers Involved in Gaza War: Declassified
Europe

UK training of Israeli officers sparks outcry over Gaza war complicity

Luxembourg's Prime Minister Luc Frieden arrives for an EU summit at the European Council building in Brussels, Thursday, June 26, 2025. (AP Photo/Omar Havana)
Politics

Luxembourg to recognize Palestine at UN summit next week

European Union flags flap in the wind outside EU headquarters in Brussels, Wednesday, Sept. 3, 2025 (AP)
Politics

EU exec. branch to adopt new sanctions against 'Israel' on Wednesday

Charlie Kirk killing suspect faces charges in Utah court hearing
US & Canada

Charlie Kirk murder suspect faces formal charges in Utah court hearing

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS