How Vietnam Transformed into a Global Manufacturing Powerhouse
Ever wondered how a nation transforms from a war-torn past to a thriving economic powerhouse? Vietnam's transformation has been nothing short of astonishing, as it deftly navigated through technological advancements and strategic partnerships to establish itself as a pivotal player in the global trade landscape. This Asian tiger, now a central hub for manufacturing, produces a wide range of goods, from shoes to cutting-edge technology, harnessing the potential of the internet, smartphones, cloud computing, and data.If you are currently listening to this podcast on a smartphone, there's a significant likelihood that the device was manufactured in Vietnam. Notably, mobile phones represent Vietnam's top export, generating export revenues exceeding $45 billion in 2017. In a period when global trade has stagnated, Vietnam's trade has skyrocketed, accounting for 190 percent of its GDP in 2017, up from 70 percent in 2007.So, how did Vietnam emerge as a manufacturing powerhouse? In this episode of the Things Have Changed Podcast, we shine a spotlight on Vietnam and explore how the nation has firmly positioned itself as a vital player in Asian global trade, offering a fresh narrative of prosperity in the era of Slowbalization. Join us as we delve into the heart of Vietnam's economic renaissance!Links:Joe Biden’s Visit to Hanoi is a signal to ChinaWhy are Vietnam’s schools so good?Vietnam is emerging as a winner from the era of deglobalisationVietnams Richest Man wants to sell EV’s to AmericaSupport the showThings Have Changed