Vietnam 2020 – Global Industrial Powerhouse
Vietnam is one of the fastest developing nations in South East Asia. An advantageous geographical location Vietnam is quickly attracting foreign direct investment. It is expected that by the year 2020, Vietnam will climb to a global industrial centre with stabilized political and social environments, with the development of a transport system, infrastructure and a major industry shift as the workforce transitions from unskilled to skilled labour force.
Vietnam’s regional focus for industrial development is in the Southeast. Prospective investors and government bodies are planning for what is hoped to be the boom of the Mekong Delta in 2020. The delta is one of Southeast Asia’s largest food exporting regions, producing the tropical fruit for much of the region. Currently, Ho Chi Minh City (HCM) is the most developed city in the southeast; however, in less than a decade, HCM City will be just one of several urban centers for the production of economic, industrial, commercial, science and technology, transport and international exchange services. By all projections, in 2020 this region will be known to the world as a robust industrial sector.