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 https://www.economist.com/asia/2022/09/22/vietnam-is-emerging-as-a-winner-from-the-era-of-deglobalisation…

Vietnam became an export powerhouse in part by welcoming foreign companies (3/15) https://www.economist.com/finance-and-economics/2021/08/30/the-economy-that-covid-19-could-not-stop…

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 https://www.economist.com/finance-and-economics/2021/08/30/the-economy-that-covid-19-could-not-stop…

Vietnam also dramatically outperforms its Southeast Asian peers on female participation in the workforce (6/15) https://www.economist.com/asia/2019/06/08/vietnam-has-one-of-the-highest-shares-of-women-in-work-in-the-world…

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) https://www.economist.com/asia/2018/04/12/why-samsung-of-south-korea-is-the-biggest-firm-in-vietnam…

South Korean firms have been massive investors in Vietnam (8/15) https://www.economist.com/asia/2018/04/12/why-samsung-of-south-korea-is-the-biggest-firm-in-vietnam…

Vietnam has pursued significant economic and trade liberalization in recent years, boosting competitiveness in a highly competitive region (9/15) https://www.economist.com/asia/2018/04/12/why-samsung-of-south-korea-is-the-biggest-firm-in-vietnam…

Vietnam is a huge beneficiary of rising tensions between the US and China (10/15) https://www.economist.com/asia/2022/09/22/vietnam-is-emerging-as-a-winner-from-the-era-of-deglobalisation…

Many large multinational tech companies are moving to Vietnam (11/15) https://www.economist.com/asia/2022/09/22/vietnam-is-emerging-as-a-winner-from-the-era-of-deglobalisation…

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 जॉन रीड (12/15) https://www.ft.com/content/0d70a823-0fba-49ae-a453-2518afcb01f9…

Apple is looking to significantly expand its operations in Vietnam , another game-changer for the country (13/15) https://www.economist.com/business/2022/10/24/the-end-of-apples-affair-with-china…

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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