The Future of Vietnam's Electronic Manufacturing Industry

In the past, China's abundant, inexpensive labor drew industry into its territory, over time developing a complete industrial chain that solidified China's status as a manufacturing giant. Numerous factors, however, have impelled manufacturers to expand their horizons, in pursuit of risk diversification and cost reduction. Considering the heavy reliance of the electronic manufacturing industry on energy, logistics, and manpower, Vietnam-possessing geographic advantages, well-developed infrastructure, ample labor force, and political and economic stability-emerged as the preferred choice.