(Illustrative photo)

It suggests that factors that make Vietnam better than its peers are the incentives for international firms for setting up units to manufacture hi-tech products, the pool of low-cost workers, and the proliferation of free trade agreements.

Something that has worked in the favor of Vietnam is the ever-changing policies as per the market demand. The report also pointed out that socio-political stability and population structure helped win investors’ trust in the Vietnamese market.