Vietnam on track to replace China as new manufacturing hub: experts
With increasing foreign direct investment (FDI) flows into its manufacturing sector, Vietnam stands a great chance of leaping ahead and replace China as the new production center, experts have said.
They were speaking at a conference recently organized by the State Bank of Vietnam in collaboration with the World Bank.
Victoria Kwakwa, the World Bank’s Country Director for Vietnam, said FDI flows into Vietnam’s manufacturing sector has rapidly increased over the past 10 years and will possibly rise more.
