Vietnam is booming Since 2000, Vietnam’s GDP has grown faster than any Asian country bar China, averaging 6.2% per year. below on the rise of a new Asian economic powerhouse (1/15) Cc:@Noah Smith 🐇🇺🇦 @Elbridge Colby @David Barboza @Paul Triolo @Jacob Helberg @Elon Musk

Vietnam 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 became an export powerhouse in part by welcoming foreign companies (3/15) economist.com/finance-and-ec…

Vietnamese labor costs are dramatically lower than in China , where wages have risen significantly in recent years (4/15) Cc: @james crabtree @Richard McGregor @Demetri @Adam Tooze

Vietnamese 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 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: Samsung’s factories in Vietnam produce a third of the firm’s global output Samsung employs more than 100,000 people in Vietnam Samsung accounted for a quarter of Vietnam’s exports of $214b last year (7/15) economist.com/asia/2018/04/1…

South Korean firms have been massive investors in Vietnam (8/15) economist.com/asia/2018/04/1…

Vietnam 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 is a huge beneficiary of rising tensions between the US and China (10/15) economist.com/asia/2022/09/2…

Many large multinational tech companies are moving to Vietnam (11/15) economist.com/asia/2022/09/2…

Vietnam is also the beneficiary of some stumbles in other large manufacturing competitors. Apple has significant challenges as it seeks to ramp up production in India Cc: @Patrick McGee @John Reed (12/15) ft.com/content/0d70a8…

Apple is looking to significantly expand its operations in Vietnam , another game-changer for the country (13/15) economist.com/business/2022/…

Apple now has several dozen suppliers in Vietnam and the number is rapidly growing (14/15) Cc: @Gene Munster @Jim Breyer

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