EU factory park giant places $1bn Vietnam bet amid tariff wars

CTP believes ASEAN member is 'most preferred' by businesses for production outside China

2025-05-21 USA-TRUMP-TARIFFS-VIETNAM-GOLF.JPG

A groundbreaking ceremony of the Trump International luxury residential development and golf courses in Hung Yen, also a candidate site for a CTP industrial park, in northern Vietnam, on May 21. © Reuters

LIEN HOANG

HO CHI MINH CITY -- European industrial park builder CTP plans to invest $1 billion in Vietnam, responding to factory clients that are moving from China and seeking space in the Southeast Asian country.

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