Vietnam emerges as alternative for relocation in Southeast Asia: Vietnam Briefing
(VOVWORLD) - Competitive labor costs, free trade agreements, and an open investment environment have made Vietnam an ideal location for investors, said Vietnam Briefing, a business news website on doing business in Vietnam.
 A production line of the Vinatex Hong Linh JSC (Photo: VNA) |
Vietnam Briefing’s Wednesday article compares Vietnam and its regional peers in relocating production.
According to the article, Vietnam’s supply chains have significantly evolved from a decade ago, noting that among the countries competing for investment, Vietnam has emerged as a highly effective alternative for relocation in Southeast Asia.
The article said Vietnam’s pursuit of foreign investment, competitive costs, FTAs, and liberal investment environment have made it an ideal location for investors seeking to reduce costs and diversify supply chains.