At the Japanese-invested Nidec Tosok Vietnam Co., Ltd, which manufactures mechanical parts in Ho Chi Minh City's Tan Thuan export processing zone. Unlike the ASEAN-4 nations (Indonesia, Malaysia, Thailand, and the Philippines), Vietnam shares a border with China, which makes it easier for manufacturing firms in Vietnam to integrate into China’s vast network.The article added that in the downstream side, incorporating Vietnam into the supply chain is also a relatively unencumbering process. This is because Vietnam is home to two international airports, several major ports, reliable power, and easy internet access. Vietnam has weathered the COVID-induced supply chain disruptions well, still being regarded as a key and growing manufacturing hub. As the government continues to strike free trade agreements around the world and invest in domestic transportation and communication infrastructure, Vietnam’s prominence as a rising manufacturing centre seems poised to continue to grow./.

Source: Viet Nam News July 19, 2022 19:35 UTC