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
became an export powerhouse in part by welcoming foreign companies (3/15)
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
per capita income has risen at a much faster rate than its Southeast Asian peers (5/15)
Cc: @Branko Milanovic @James Kynge
also dramatically outperforms its Southeast Asian peers on female participation in the workforce (6/15)
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)
South Korean firms
have been massive investors in Vietnam
has pursued significant economic and trade liberalization in recent years, boosting competitiveness in a highly competitive region (9/15)
is a huge beneficiary of rising tensions between the US
Many large multinational tech companies are moving to Vietnam
is also the beneficiary of some stumbles in other large manufacturing competitors.
has significant challenges as it seeks to ramp up production in India
Cc: @Patrick McGee @John Reed
is looking to significantly expand its operations in Vietnam
, another game-changer for the country (13/15)
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)