fibre2fashion.com December 25 article, titled “Vietnam year-end review 2024: Moving towards a bright future”, cited a survey by the US Fashion Industry Association showing Vietnam scored higher overall than some other Asian countries in the production of high-value products.
The news site said “The country was found to have better competitive edge as it currently leads in the capability to produce a wide variety of products quickly, as a result of investments in the country in machinery and skilled labour”.
News site financemiddleeast.com of the United Arab Emirates also said Southeast Asia’s economies, particularly Vietnam, Indonesia, and the Philippines benefit from supply chain realignments.
It cited data from Fitch Ratings revealing Vietnam’s manufacturing output grew by 8.1% in 2024, underscoring its rise as a critical link in global supply chains./.
