Vietnam is Southeast Asia’s new industrial powerhouse

INQUIRER.NET: In the last 20 years Vietnam has switched from being an agricultural economy to one of the brightest manufacturing hotspots in Southeast Asia, according to the latest report from Jones Lang LaSalle.

“Vietnam is establishing itself as the industrial powerhouse of Southeast Asia,” Stephen Wyatt, Vietnam country head of the US property services company, said.

“We expect the industrial market will enter a new phase and move up the value chain in the future, moving away from labour intensive to capital intensive.”

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