Vietnam and India: The Next Hubs for Manufacturing in Asia
Amidst China’s transition into a high-skilled manufacturing hub, Vietnam and India are attracting numerous businesses that are seeking to shift their low to medium skilled manufacturing plants to neighboring nations, offering lower cost of labour. The governments of both these nations are making strides to enhance investment sentiments. However, challenges like shortage of skilled labour, low productivity, high corruption and large infrastructure deficit to need to be addressed to cement their position as a chief manufacturing hub in the region.
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