November 8, 2012
THERE'S ALWAYS ANOTHER NATION WAITING TO ASSEMBLE PARTS CHEAPER:
Vietnam Tech Exports Overtaking Garments Eases Trade Gap (Bloomberg News, Nov 8, 2012)
Posted by Orrin Judd at November 8, 2012 7:46 PMVietnam's cost advantage has drawn investments from U.S. and South Korean technology companies, whose exports have overtaken garments and provided a bright spot for a government struggling to revive economic growth.Intel Corp. (INTC), Samsung Electronics Co. (005930) and Jabil Circuit Inc. (JBL) are among a growing roster of companies setting up or expanding in Vietnam, spurring exports amid a global slowdown that has damped demand for goods from other Asian nations. Shipments of mobile phones and other electronics from Vietnam surged 91 percent in the first 10 months of the year to $16 billion, making them the biggest source of export revenue.
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