A combination of geopolitical tensions and higher costs are pushing large firms to look for alternative production sites. Vietnam’s strong economic performance in recent years has drawn the attention of European firms.
Vietnam was one of the few Asian countries that did not experience an economic contraction during the coronavirus pandemic in 2020 and 2021. This year,Vietnam’s GDP is expected to grow by around 5.5%, according to the World Bank.
Vietnam’s economic performance during and after the pandemic has captured the attention of some major European firms.
German automotive supplier Brose, which has eleven factories…
