Vietnam, an important link in Asian supply chain: international media

(VOVWORLD) - Vietnam is becoming an important link in the Asian supply chain, a new destination for a number of businesses that need to diversify their supply chains, according to international media.

Japan’s Nikkei Assia reported that Vietnam is attracting world’s major chip manufacturers. In addition to Apple, Samsung, and Panasonic, which are expanding their scales, the US Company Synopsys has recently said it will support engineer training and establish a chip design center in Vietnam.

It’s worth noting that Vietnam is increasingly attracting many high-tech manufacturing corporations.

According to Retail News, a page providing the latest retail news throughout the Asian retail market on a daily base, Boeing wants to develop its supply chain in Vietnam by making more domestic businesses its suppliers.

The Vietnam Briefing page had an article “Why Vietnam becomes a promising choice for American businesses in Asia”, which cited Vietnam’s skilled and low-cost workforce, stable infrastructure, safe environment, and free trade agreements.