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Vietnam has become a top destination for investment in manufacturing, as global companies seek to diversify their supply chains, to decrease reliance on China and increase supply chain resiliency and connectivity. Vietnam’s strategic geographic location near supplier and consumer markets; relatively low cost, young, tech-savvy workforce; stable government; welcome approach to Foreign Direct Investment; as well as its integrated network of Free Trade Agreements, now including the CPTPP, EVFTA, and RCEP, are all factors in its success. Vietnam’s effective management of the COVID-19 pandemic gives it an extra advantage, as does its domestic market of 97 million, with a growing middle class.
To respond to this increased interest among both our existing and potential investors, AmCham plans to hold a series of events in 2021, to include: