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Shoes and Clothes Made in Vietnam? Try Phones and PCs

Ralph Jennings

   TAIPEI, TAIWAN - LG Electronics said this year it would cut smartphone
   production at home in South Korea and move it to Vietnam, according to
   Korean news reports. Meanwhile in Vietnam, the domestic conglomerate
   Vingroup is hawking its four Vsmart phone models to a growing domestic
   middle class, sending what the Vietnam Investment Review calls
   "ripples" through the market.

   These vignettes suggest that Vietnam is no longer just a world-renowned
   hot spot for making shoes, garments and textiles for export. The
   Southeast Asian country that has attracted investment in export
   manufacturing because of cheap labor is shifting toward higher-value
   goods, a boon to the economy and a challenge to China's status as the
   go-to country for making items such as consumer electronics.

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