http://www.economist.com/news/finance-and-economics/21703376-having-attained-middle-income-status-vietnam-aims-higher-good-afternoon-vietnam
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It is far from alone. Foreign direct investment in Vietnam hit a record in 2015 and has surged again this year. Deals reached $11.3 billion in the first half of 2016, up by 105% from the same period last year, despite a sluggish global economy.
It certainly felt like a place in major transition when we were there.
Yeah, and it means labor prices will go up.
Though it sounds like it is going to take a while according to that article, with a lot of the population still in the country-side. Funny how the article mentions Brazil, I kept thinking about the contrasts between VN and Latin America when I was there.
Countries like Vietnam that depend a lot on low-skill sewing jobs are in a race to move away from sewing as a mainstay before the sewing robots show up.
Fortunately, sewing robots is a *really* hard problem to solve
Unfortunately, it's getting really close
http://www.npr.org/sections/money/2016/08/03/488611449/episode-715-the-sewing-robot
Sewing robots... love the idea :)
QuoteYeah, and it means labor prices will go up.
Yes and in the UK, with the dive on the £, costs are going up. Not just product, but transport too.