Source: Zero Hedge
For most of the past decade, Vietnam had benefited from China’s rising standard of living, higher wages, as companies seeking the lowest cost producer quietly but firmly transferred supply chains to originate out of China and into lower-cost locales such as Vietnam, whose devaluing currency (aptly named the dong) only helped boosting exports. Which is why it is painfully ironic that the same nation that indirectly helped Vietnam become a prominent player in global trade, now appears set to cripple Vietnam’s fledgling export powerhouse. The culprit? Covid-19.
With China’s economy grinding to a halt as tens of thousands of people are infected and hundreds of millions are under quarantine from the coronavirus pandemic, a new viral hub may be emerging near Vietnam’s capital, Hanoi.
According to the Bangkok Post, villages in Vietnam with 10,000 people close to the nation’s capital were placed under quarantine on Thursday after six cases of the deadly new coronavirus were discovered there, authorities said.
The locking down of the commune of Son Loi, about 40 kilometres from Hanoi, is the first mass quarantine outside of China since the virus emerged from Wuhan.
“As of February 13, 2020, we will urgently implement the task of isolation
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