The UK's forecasting and quantitative analysing company Oxford Economics has given positive assessments on Vietnam, highlighting the rising role of the country in the global manufacturing supply chains.
Pretoria News, part of Independent Media - the leading South African media group, on April 7 published an article titled “Vietnam places hope in new leadership.”
Vietnam’s manufacturing sector gained growth pace at the end of the first quarter, with marked increases in output, new orders and exports, leading to stronger rises in employment and purchasing activity, according to a report by the London-based global information provider IHS Markit.
In an era of protectionism where the jitters of COVID-19 are still being felt by many economies, Vietnam is soaring to become one of the prime locations for export manufacturers, said a recent article published on the Hong Kong-based global industry analysis firm Counterpoint.
The processing and manufacturing sector took the lead in attracting foreign investment in the first three months to March 20, absorbing over 5 billion USD, or 49.6 percent, announced the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.