Vietnam is emerging as a leading manufacturing hub in Asia, attracting multinational corporations from around the world. This Southeast Asian country has been experiencing a significant rise in foreign investment, mainly due to its abundant labor force, low-cost manufacturing, and supportive government policies. The country's strategic location, bordering China and neighboring countries, has also helped to make it a prime location for businesses looking to diversify their supply chains and reduce their reliance on China.
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Why Vietnam May Be The World’s Next Manufacturing Hub
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