backpack factory in vietnam
In the first quarter of 2019, Vietnam attracted a total of US $ 10.8 billion in foreign investment, an increase of 86.2% year-on-year. Of this, funds from China accounted for half, and Chinese capital played an important role.
As one of China's neighbors, Vietnam is currently in the labor dividend period. In 2017, the total population reached 93.7 million, ranking third in Southeast Asia, and is about to become the eighth country in Asia with a population of more than 100 million. Estimates for the same year show that the median age of Vietnam's population is only 30.5 years, while that of China is 37.4 years. By comparison, Vietnam's young labor resources are relatively abundant.
So Some China backpack factory move to Vietnam
Data show that compared with Asian countries such as China, Japan, Korea, Singapore, Thailand, the Philippines, and Cambodia, Vietnam has the lowest labor efficiency. At the same time, Vietnam's processing and manufacturing, construction and logistics industries are even lower than Cambodia.
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