Analysis
22 Oct 2026
Chinese manufacturers redirect investment to Thailand as Vietnam loses favour
Chinese investment in Thailand reached US$5.33 billion in 2025, against US$2.46 billion in Vietnam, while incentive approvals in the first half of 2026 covered 321 mainland projects and US$1.4 billion. For investors, the decision is whether that capital is localised production or a label that origin rules, and a possible US exemption list of US$30 billion in non-sensitive goods, can reprice.