Can Vietnam Really Take Over China’s Manufacturing?
CategoryNews Briefs
Overall, no.
On one hand, there's the constraint of limited land area, making a "super factory" difficult to realize. On the other hand, Vietnam's labor force is smaller than China's, and wages are rising quickly. They've already reached around 3,500 RMB — significantly higher than wages in inland Chinese county-level areas. In short, the overall cost of setting up a factory in Vietnam is roughly 20% higher than in China.
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