Vietnam
![🇨🇳](https://abs.twimg.com/emoji/v2/svg/1f1e8-1f1f3.svg)
is now an electronics export powerhouse.
In 2020 electronics made up 38% of Vietnam’s goods exports, up from 14% of a much smaller pie in 2010 (2/15)
Cc:
@Ryan Hass @Greg Ip @Balaji @Trung Phan
economist.com/asia/2022/09/2… Vietnam
![🇻🇳](https://abs.twimg.com/emoji/v2/svg/1f1fb-1f1f3.svg)
became an export powerhouse in part by welcoming foreign companies (3/15)
economist.com/finance-and-ec… Vietnamese
![🇻🇳](https://abs.twimg.com/emoji/v2/svg/1f1fb-1f1f3.svg)
labor costs are dramatically lower than in China
![🇨🇳](https://abs.twimg.com/emoji/v2/svg/1f1e8-1f1f3.svg)
, where wages have risen significantly in recent years (4/15)
Cc:
@james crabtree @Richard McGregor @Demetri @Adam Tooze Vietnamese
![🇻🇳](https://abs.twimg.com/emoji/v2/svg/1f1fb-1f1f3.svg)
per capita income has risen at a much faster rate than its Southeast Asian peers (5/15)
Cc:
@Branko Milanovic @James Kynge
economist.com/finance-and-ec… Vietnam
![🇻🇳](https://abs.twimg.com/emoji/v2/svg/1f1fb-1f1f3.svg)
also dramatically outperforms its Southeast Asian peers on female participation in the workforce (6/15)
economist.com/asia/2019/06/0… Samsung has gone all-in on Vietnam:
![🔹](https://abs.twimg.com/emoji/v2/svg/1f539.svg)
Samsung’s factories in Vietnam produce a third of the firm’s global output
![🔹](https://abs.twimg.com/emoji/v2/svg/1f539.svg)
Samsung employs more than 100,000 people in Vietnam
![🔹](https://abs.twimg.com/emoji/v2/svg/1f539.svg)
Samsung accounted for a quarter of Vietnam’s exports of $214b last year (7/15)
economist.com/asia/2018/04/1…South Korean firms
![🇰🇷](https://abs.twimg.com/emoji/v2/svg/1f1f0-1f1f7.svg)
have been massive investors in Vietnam
![🇻🇳](https://abs.twimg.com/emoji/v2/svg/1f1fb-1f1f3.svg)
(8/15)
economist.com/asia/2018/04/1… Vietnam
![🇻🇳](https://abs.twimg.com/emoji/v2/svg/1f1fb-1f1f3.svg)
has pursued significant economic and trade liberalization in recent years, boosting competitiveness in a highly competitive region (9/15)
economist.com/asia/2018/04/1… Vietnam
![🇻🇳](https://abs.twimg.com/emoji/v2/svg/1f1fb-1f1f3.svg)
is a huge beneficiary of rising tensions between the US
![🇺🇸](https://abs.twimg.com/emoji/v2/svg/1f1fa-1f1f8.svg)
and China
![🇨🇳](https://abs.twimg.com/emoji/v2/svg/1f1e8-1f1f3.svg)
(10/15)
economist.com/asia/2022/09/2… Many large multinational tech companies are moving to Vietnam
![🇻🇳](https://abs.twimg.com/emoji/v2/svg/1f1fb-1f1f3.svg)
(11/15)
economist.com/asia/2022/09/2… Vietnam
![🇻🇳](https://abs.twimg.com/emoji/v2/svg/1f1fb-1f1f3.svg)
is also the beneficiary of some stumbles in other large manufacturing competitors.
Apple
![🍏](https://abs.twimg.com/emoji/v2/svg/1f34f.svg)
has significant challenges as it seeks to ramp up production in India
![🇮🇳](https://abs.twimg.com/emoji/v2/svg/1f1ee-1f1f3.svg)
Cc:
@Patrick McGee @John Reed (12/15)
ft.com/content/0d70a8… Apple
![🍏](https://abs.twimg.com/emoji/v2/svg/1f34f.svg)
is looking to significantly expand its operations in Vietnam
![🇻🇳](https://abs.twimg.com/emoji/v2/svg/1f1fb-1f1f3.svg)
, another game-changer for the country (13/15)
economist.com/business/2022/… Apple
![🍏](https://abs.twimg.com/emoji/v2/svg/1f34f.svg)
now has several dozen suppliers in Vietnam
![🇻🇳](https://abs.twimg.com/emoji/v2/svg/1f1fb-1f1f3.svg)
and the number is rapidly growing (14/15)
Cc:
@Gene Munster @Jim Breyer Finally, if you found this thread to be interesting and useful, please consider following me.
I have a data rich thread with a significant focus on science, innovation, climate, economics, demographics and other related issues.
Consider giving it a try! (15/15)