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 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)