Amidst the turbulent global economic landscape, India emerges as a steadfast and reliable alternative partner, offering Vietnamese businesses a strategic avenue for market diversification.
From a scarcity-driven economy with a staggering 774% inflation rate in 1986, Vietnam has transformed into a high-middle-income developing country after 40 years of reform, boasting a GDP exceeding $510 billion.
Google is set to commence the development and production of high-end smartphones in Vietnam starting this year, following in Apple’s footsteps in India as U.S. tech giants move closer to establishing complete supply chains outside of China.