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Economy

Southeast Asian nations compete to redraw supply-chain map

Thailand and Malaysia roll out incentives to lure investment away from Vietnam

Thailand has rolled out fresh incentives to lure foreign manufacturers. (Photo by Rie Ishii)

BANGKOK -- Thailand and Malaysia are actively courting manufacturers fleeing China to escape the trade war, aiming to become major production hubs as rising labor costs threaten Vietnam's status as an alternative destination.

The two countries are offering tax incentives to lure manufacturers while Indonesia looks to similar measures. Their efforts have the potential to drastically alter the supply chain network in Asia.

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