'China Plus One' Strategy Hits a New High in India Vietnam Relations The meeting between Indian Prime Minister Narendra Modi and Vietnamese Prime Minister Le Minh Hung has reignited hopes for a significant shift in global trade dynamics.
The two leaders reportedly discussed accelerating the review of the Asean India Trade in Goods Agreement, a 2010 pact aimed at reducing tariffs between India and Southeast Asian nations.
This development is part of a broader trend: as companies continue to diversify their supply chains away from China, the 'China plus one' strategy has gained significant traction.