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CX Daily: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

Published: Sep. 2, 2025  9:22 a.m.  GMT+8
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Cover Story: China’s factory exodus is turning Vietnam into the world’s assembler

A 90-minute drive north of Hanoi, a red banner with gold Chinese characters wishing prosperity flutters over the gate of Mingjie Co. Ltd.’s newly completed factory. Inside, brand-new injection molding machines stand idle, awaiting activation. Outside, farmers in conical hats work rice paddies.

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