Is it possible for Vietnam to become the next “World Factory”?

DOI

10.2991/978-94-6463-098-5_127How to use a DOI?

Keywords

world factory; Vietnam; China; manufacturing industry

Abstract

In history, many countries were called "world factories". The reason why they became "world factories" at that time could not be separated from relatively stable political environment, huge economic scale and market share, rich land resources, cost-effective labor costs, and the most important high-tech industries including full coverage of the supply chain network. It is these factors that make these countries become “world factories". By summing up the main reasons why countries have always been the "world factories" and combining the current situation, this paper compares Vietnam with contemporary "world factory" China, and structurally analyzes whether Vietnam has the potential to become the world factory.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Hengyuan Liu
PY  - 2022
DA  - 2022/12/27
TI  - Is it possible for Vietnam to become the next “World Factory”?
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 1127
EP  - 1135
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_127
DO  - 10.2991/978-94-6463-098-5_127
ID  - Liu2022
ER  -