Emerging economies are chasing companies to get more FDI, but companies are chasing Vietnam to move there, said HSBC.

Big companies like Apple, Nintendo, and Samsung and their supplier have switched out to limit damage.

On its official website, Apple is announcing vacancies for engineers and managers in production, quality control, sales or supply chain in the country’s two major cities.

Apple partners such as Hon Hai Precision, Wistron, Inventec and Pegatron are eyeing Vietnam as they plan to move beyond China.

Samsung could face big losses if its engineers an experts face 14-day quarantine upon entering Vietnam.

Samsung stands to be a major beneficiary of the China production problems announced by rival Apple, reaping the rewards of a decade-long bet on low-cost smartphone manufacturing in Vietnam.

Vietnam emerged as top beneficiary from manufacturing diversifying production away from China, as the latter has lost its competitive edge five years ago.

Taipei-listed Pegatron joins Apple’s two other iPhone assemblers -- Wistron Corp. and Hon Hai Precision Industry Co. -- in developing manufacturing facilities or building extra capacity in Vietnam.

The proposed tariff cut is aimed to balance bilateral trade relations.