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News Wire / economy

Vietnamese Manufacturing Gains From Low Production Costs

Polskie Radio 24 Hanoi 16d Impact 5
Vietnam continues to maintain high export volumes due to an economy heavily reliant on international trade. Low production costs in Vietnam are driving Chinese companies to relocate their manufacturing operations to the country. This shift is motivated by cost efficiencies in addition to the desire to bypass existing sanctions. The economic structure remains centered on export-led growth.

Topics

manufacturing trade foreign investment

Developing

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Sources · 7 independent

Polskie Radio 24

“Wietnam nadal dużo eksportuje, bo ta gospodarka jest oparta na eksporcie. Koszty produkcji są stosunkowo niskie, w porównaniu na przykład do Chin, co też zmusiło na przykład i chińskie firmy do przenoszenia produkcji do Wietnamu”

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