Vietnam Rises Quietly And Relies On The "World Factory".

China has been named the "world factory" for many years, and the next one to inherit the identity will be Vietnam, which has an area of about 330 thousand square kilometers.

Since the 90s of last century,

The economic growth rate has been maintained at around 6% yen, second only to China, making Vietnam pition from the middle income countries to the poorest countries in the world.

If Vietnam can guarantee another ten years of economic growth of 7%, its development trajectory will be similar to that of China and the past four Asian dragons.

Of course, another outcome is the growth rate falling back to 4%, becoming a mediocre outcome like Thailand and Brazil.

At present, Vietnam's per capita GDP has exceeded 1000 US dollars, many of which have helped a lot.

After its accession to the TPP (p Pacific Partnership Agreement) agreement, even though the agreement itself may fail, Vietnam has propagandize its own "function" to the world, which is related to the European Union.

The free trade agreement with South Korea is coming into effect in 12 this year.

Vietnam's own attitude towards trade has also given foreign capital confidence: according to the policy, Vietnam's

It only needs to pay 1/4 of annual capital expenditure.

Vietnam also nurtured talent in Thailand, Indonesia and Malaysia.

In the global education rankings, 15 year old Vietnamese students perform better in mathematics and science than in the United Kingdom and the United States.

The state's expenditure on public education accounts for about 6.3% of GDP, and factories need to read, count, and operate machine with complex instructions.

However, unlike Thailand and Brazil, which are trapped in the middle income trap, Vietnam still needs to solve the domestic problems of the state owned zombie enterprises and Vietnam Bank's non-performing loan ratio, which is controlled by China's control over high-end exports, and it is difficult for Vietnam to produce high value-added products.

2017 years later, the world bank will gradually cancel the preferential loans. After being classified as a middle-income country, Vietnam will lose the preferential policy of financing from the development bank.

Geographical location is a major advantage of Vietnam.

Vietnam is located in the south of China. The location of the past military key points has now become a competitive chip.

Because China's manufacturing hinterland is concentrated in Southern China, as China's labor costs rise, Vietnam has become the best substitute for low-cost manufacturing.

In particular, entrepreneurs want to solve the supply chain in the Chinese market in the near future.

In addition, the relatively young population structure has also increased the capital strength of Vietnam. The 70% people in Vietnam live in rural areas and are equal to India. This is one of the favorable conditions for developing labor-intensive industries.

From 1 to July this year, Vietnam attracted overseas investment of 8 billion 550 million US dollars, an increase of 17.1% over the same period last year.