Vietnam’s Economy Comes of Age

Vietnam in Southeast Asia is one of the best growing economies in the region. The country has become an attractive destination for investment from all over the globe. The trade wars between the US and China have certainly contributed to this outcome. Since the US has stopped cooperating with China in a number of industries, the profitability of manufacturing in China has fallen. As the general living standard has also increased, labour is cheaply available elsewhere. This has motivated manufacturers to find cheaper destinations, such as Vietnam.