(Yicai Global) Nov.9–Yongyi Furniture, based ineastChina's Zhejiang province,plans to invest USD9.5 milliontobuild a manufacturing and processing facility in Vietnamas it seeks toexpand its Southeast Asian marketamid China-US trade friction.

The company plansto set a new firm in Hong Kong with a registered capital ofHKD10,000 (USD1,278), Yongyi announced yesterday.

Itdid not giveanydetailsaboutthe construction site, product type, production scale, and planned completion timefor the Vietnamese project.

Several Chinese companies have recently announcedplansto invest in Vietnam and build new product linesin the face ofcontinuous China-US trade friction and rising domestic labor costs.