Lack of infrastructure is the major roadblock to any kinds of de-risking, de-coupling, de-whateverbuzzword.
Multinationals will invest in production, but they will not invest in roads/transportation, port facilities, or the power grid. These are too expensive and won't yield a positive return. Poorer countries will have trouble financing these large projects (heck, rich countries have trouble financing these projects...)
Furthermore, to stabilize the power grid, these countries will most likely seek out the cheapest and most reliable source of electricity which is traditional coal fired thermal power plant. This will be contrary to developed countries' stated goals of fighting climate change.
This is indicative of how serious the problem is in Vietnam. Foreign firms including Chinese ones actually bring in backup generators and build their own roads in Vietnam, typically connecting their factories to the main roads (local government can't be bothered), obviously not large scale infrastructure. If businesses are complaining now it means the problems from 10 years ago still persist or have worsened.
I used to go to Ho Chi Minh City often back in 2013/2014, my local associate and guide (Vietnamese American from Connecticut) informed me that local Vietnamese can't do infrastructure, everything from tunnels, bridges and airports were built by the Koreans and Japanese. I was mistaken as a Korean on several occassions. Northern Vietnamese provinces depend on imported Chinese electricity from Yunnan and Guangxi, and very likely still do to this day. They act tough in the SCS, but they should know if the shiit hits the fan, the switches in those Yunnan and Guangxi powerplants go off, and its romantic candle time in Hanoi.
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