Vietnam has emerged as an alternative production hub for companies looking to reduce exposure to China, with its population of 98 million people and a young, highly literate workforce. The median age of Vietnam’s population is just over 30 and most of its people are under 40s who came of age when the country opened for trade and investment. Vietnam is the second-largest exporter of garments to the United States, with its factories supplying such brands as Nike and Zara. Its growing tech sector supplies giants such as Apple and Samsung, with the latter nearly doubling its investment this year to more than $2 billion. It is also a vital commodities producer as the world’s second-largest exporter of robusta coffee and one of the biggest global rice suppliers.
Vietnam remains a tightly controlled state run by the Communist Party. State-owned enterprises are a large part of the business story, as are local private conglomerates and a nascent start-up scene.
Vietnam is also an important player in geopolitics, from tension over control of the resource-rich South China Sea to becoming a key ally with one-time enemy the United States, as Washington seeks to pursue its Indo-Pacific Strategy in part to counter China.
About the Role
As Vietnam Bureau Chief, you will:
About You
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