China joins supply chain shift and wants its hi-tech firms to invest in Vietnam
The shift of Chinese manufacturing to Vietnam is set to “accelerate” after a high level ...
China is losing out in the footwear manufacturing market to Vietnam, where production is seeing double-digit increases. According to research by the US footwear industry on sourcing, Vietnam is benefiting from a large and young labour market and lower costs. Chinese factories reported that the cost of raw materials and wages were their biggest problems.
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