Vietnam’s factories have made impressive progress since 2018 and are now competing with China on quality as well as price
Vietnam is rapidly emerging as a serious contender to China’s dominance as the “world’s factory,” producing goods that rival China in quality, price competitiveness, and availability. With major companies like Samsung manufacturing millions of smartphones in Vietnam at a quality level identical to those produced in China, analysts highlight Vietnam’s significant advancements in manufacturing efficiency and quality over the past 15 years. As the U.S.-China trade tensions loom under President-elect Donald Trump’s return, Vietnam’s manufacturing growth poses a new challenge to China’s global standing.
My Take
Vietnam’s rise underscores the growing importance of diversifying supply chains, particularly as geopolitical pressures reshape global trade. Businesses should evaluate Vietnam as a manufacturing hub to enhance resilience and tap into its rapidly improving capabilities.
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Credit: South China Morning Post
This post was enhanced with AI assistance, thoroughly reviewed, edited, and reflects my own thoughts.