Vietnam’s hopes of becoming a production hub to rival China are showing momentum. A big boost will come as the nation leans into its untapped reserves of rare earths, even as it struggles to find traction in new sectors such as electric vehicles.

Over the past decade, the country has built a beachhead in manufacturing, ranging from cars to electronics. Computers and accessories are now the largest export, surpassing textiles and footwear. The expansion of foreign assemblers like Foxconn Technology Group, GoerTek Inc. and Luxshare Precision Industry Co. mean that Apple Inc. products like Macs and AirPods are made locally. While that energy has spurred the birth of other businesses, some have stumbled. Electric-vehicle maker VinFast Auto Ltd., for example, last week posted full-year shipments that missed its own forecast by more than 20%.

QOSHE - Vietnam Should Seize a Rare Opportunity to Take on China - Tim Culpan
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Vietnam Should Seize a Rare Opportunity to Take on China

29 21
26.01.2024

Vietnam’s hopes of becoming a production hub to rival China are showing momentum. A big boost will come as the nation leans into its untapped reserves of rare earths, even as it struggles to find traction in new........

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