How can Vietnam become the biggest winner in the United States promote the "de-China" of global manufacturing?
In the context of the United States' technology blockade against China, economic decoupling, and increasingly fierce trade war, European and American companies, including Apple , have increasingly shifted their manufacturing centers to Southeast Asia and other regions in order to reduce their dependence on the supply chain in mainland China. Vietnam, India, Mexico are all popular areas for this round of industrial transfer. Among them, Vietnam is undoubtedly the most popular candidate.
Vietnam has many advantages, such as Vietnam has a large labor force and a working-age population of 58 million; low labor cost, wages are roughly half of our country; low electricity cost, only about RMB 0.5 per kilowatt-hour; Vietnam is close to the Pearl River Delta region of China, and can provide all the resources needed for Vietnam's development...
Of course, the most important thing is Vietnam's increasingly better business environment. Vietnam is the third largest economy in Southeast Asia, and is a member of ASEAN . It has signed free trade agreements with major Asian countries such as China and Japan. It is also listed as the most-favored-nation trade nation by the United States. It has even signed a new trade agreement with EU (the whole of Asia is only Singapore except Vietnam). It can be said that Vietnam's business environment and regional economic integration are far superior to other countries, including India, which is not far away. The stability of Vietnam's political situation in recent years has also provided guarantees for all this.
Related media analysis, Apple currently has 95% of its products made in China, and this proportion is planned to drop to around 75% in 2025, which is a once-in-a-lifetime opportunity for Vietnam.
In fact, Vietnam has developed in recent years, and has not been affected by events such as the new crown epidemic, the Russian-Ukrainian conflict, the Sino-US economic and trade war, and the slowdown in the global economy of . GDP has grown rapidly and stably, and is expected to reach 8.5% in 2022, ranking first in Asia. People who have been to Vietnam are talking about it. It is like Shenzhen in the early days of reform and opening up. It is full of vitality everywhere...
As for the hidden worries of Vietnam's development, the most talked about is the Vietnamese government's rigid service efficiency (such as customs) and the shortage of skilled talents. These can be gradually solved through continuous improvement and training. Vietnam's biggest problem lies in the aging of labor.
According to a survey by Japanese research institutions, the aging rate of Vietnam's labor force is very fast. It is expected that by 2050, the working population will fall to 60% of the current level, which is exactly the competitive advantage of India.
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