Vietnam is ready for the opportunity!!
With an export economy which is double the size of its GDP, Vietnam was ranked No. 1 among seven emerging Asian countries as manufacturing destinations by Natixis, which looked at demographics, wages and electricity costs, rankings in doing business and logistics, and manufacturing as a share of total foreign direct investment.
A red-hot economy, business-friendly policies and a Communist party led by free-traders: that’s the elevator pitch Vietnamese Prime Minister Nguyen Xuan Phuc is delivering to global investors amid the U.S.-China trade war.
Many companies are moving their Asian manufacturing to Vietnam, including Samsung Electronics which accounts for one-fifth of the country’s exports. Vietnam’s profile is also benefiting from increased global attention with the next Trump & Kim meeting to be hosted in Ho Chi Min City.