Illustrative image (Photo: VNA)Hanoi (VNA) – Vietnam has increasingly become a burgeoning industrial hub, especially for tech and apparel, wrote an article published by India’s stattimes.com on January 14. Explaining the boom of Vietnam’s industry, it said part of the reason is the disruption to supply chains on the Chinese mainland, Asia’s largest manufacturing hub, as factories were subject to shutdowns during COVID-19. Google’s newest Pixel phone, too, will be made in Vietnam, while Microsoft started shipping Xbox game consoles from Ho Chi Minh City in 2022. Additionally, the Vietnamese government has been making strong efforts to make trade easier between Vietnam and the rest of the world. Another strong driver of trade is the Regional Comprehensive Economic Partnership deal to which Vietnam is a member, the article said./.


Source:   Viet Nam News
January 18, 2023 00:11 UTC