Glove manufacturers Hestra's largest market is the United States. But the trade war between the two major powers has made it increasingly difficult to export from China to the United States.

- If we are to export from China to the USA today, we have 25 percent extra duty on top of the old duties. From Vietnam to the US it is at a more reasonable level, says Anton Magnusson, CEO of Hestra.

The equation became simple and the company has now moved more of its production to Vietnam. ABB and Tetra pak are also Swedish companies that are investing in their own production in Vietnam right now.

Vietnam's economy is growing steadily. Growth is between six and seven percent per year. Anton Magnusson has noticed the increase during the years he lived there.

- It goes rocket. You see new neighborhoods grow in a year. New high-rise and five-star hotels just pop up. It's cool to see such a rapid development in a country, he says.

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