Powerhitz office mix4/23/2023 ![]() ![]() The manufacturing sector is seeing increasing investment into new factories, particularly from companies relocating from China where labour costs have risen to three times the average wage of Vietnam. The government aims to raise GRDP per capita to US$9,800 in 2020. In 2016, Ho Chi Minh City’s GDP per capita reached US$5,428, over two times higher than the country’s average. Ho Chi Minh City is the economic centre of Vietnam with a 7.5% GDP growth rate and a total FDI of US$2.8 billion in the first half of 2017.
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