Why Vietnam is Not the Next China. Logistics
There has been a lot of talk lately about where people will go should the China bubble burst, where to go when suppliers in China cannot be trusted, and more importantly where to go when congress slaps punitive tariffs on China…
Well.. it isn’t Vietnam. And here is why.
When this conversation occurs, it is typically started with”what if” and ususally will involve India and Vietnam in some manner. There are articles about Vietnam’s progress, blog posts about its future, and more talk.
The problem is, like India, it is missing the infrastructure…. specifically its logistics infrastructure.
When speaking about China’s economic miracle, it is clear that without modern ports that could cycle millions of TEUs, the trucks that were capable of handling the containers, the roads for the trucks to drive on, etc… China’s economic position in today’s world would have been much different… and with a background in logistics, one of the first things I do when looking at the potential suitability of a city is look at its logistics infrastructure.
However, as you can see in this presentation, Vietnam has a looong way to go.
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