Vietnam to remain at center of Asian supply chains

by VTV415 January 2021 Last updated at 07:00 AM

Vietnam will remain at the center of Asian supply chains and one of the most competitive manufacturing locations in the Asia-Pacific region, according to analysts at the Economist Intelligence Unit in a report on the country released on January 13.

Tax and foreign direct investment policies, as well as measures to control foreign trade and exchange, are the main strengths of the Vietnamese business environment compared to other countries in the region.

These are underpinned by the country’s domestic political stability, which is higher than most Southeast Asian countries with similar economic development levels.

In the field of investment, high-tech manufacturers will continue to enjoy incentives for many years to come. The EIU is a global leading resource for economic and business research, forecasting, and analysis./

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