Vietnam’s chip capabilities have it competing against near neighbor Malaysia, attracting global semiconductor firms.
Country has benefited from a trade spat between the U.S. and China as firms seek to best protect their supply chains.
That's a similar target also set by Vietnam's Prime Minister Pham Minh Chinh's earlier this year, with FTSE Russell recommending the country sticks to its current pace of reforms if it is to meet that deadline. Christine Phillpotts of Ariel Investments told CNBC"countries like Vietnam … are relatively well positioned" because they are less reliant on foreign capital or have lower foreign debt. As such, Vietnam has become a relatively safer place to invest, she said.
"It has a geographical advantage of being in close proximity to China on one hand while having open access to export markets in developed countries on the other hand. The latter is thanks to having numerous free trade agreements," Helmi Arman, chief economist for financial research group Citi, told CNBC.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DraftKings Promo Code: Bet $5, Get $200 for Ravens vs BuccaneersNew customers don't even need a DraftKings promo code. Just sign up and bet $5 on Monday Night Football. Win or lose, a $200 bonus is yours.
Read more »
Bet365 promo code AMYXLM: $200 bonus or $1K safety net for NFL Week 7Register with our bet365 promo code AMNYXLM to pick a welcome offer for NFL action on Sunday. Lock-in bonus bets or start with a large wager on the game of
Read more »
DraftKings Promo Code: Bet $5, Get $200 for Chiefs vs RaidersBet $5 on Chiefs vs Raiders with DraftKings and receive $200 in bonus bets. Best of all, no promo code is required!
Read more »
Best Buy knocked $200 off the Microsoft Surface Pro with CoPilot+This Microsoft Surface Pro comes with the new Copilot+, and you can get it $200 off with this excellent deal.
Read more »
New Xbox Game Pass Ultimate Deal Saves You Nearly $200For a limited time, Xbox Game Pass Ultimate is on sale, allowing Xbox One and Xbox Series X|S users to save nearly $200 on a subscription.
Read more »
The Ninja CREAMi ice cream maker is $160 today — normally $200The Ninja CREAMi ice cream maker is available at a great price today for Prime Big Deal Days. You can freeze and make ice cream out of ANYTHING.
Read more »