Vietnam: The Asian Tiger du jour?
Saigon panorama of the city at night

According to a recent report, Samsung recently shipped 20,000 metal-milling machines to its factories in Vietnam.  The company made the capital investment in order to replicate the premium metal construction of Apple’s iPhone in its latest flagship mobile device, the Galaxy S6. With southeast Asian nations continuing to play larger roles in global supply chains, China’s reign as the ‘world’s factory’ is increasingly being called into question.  Vietnam’s economy is a beneficiary of this trend, with year-on-year GDP growth surpassing 6% in the first quarter of this year. Foreign investors are rushing to invest in the country’s retail sector. Forty years after the South Vietnamese government’s collapse, relations between Vietnam and the U.S. are improving dramatically.  Vietnam is expected to benefit immensely from the Trans-Pacific Partnership (TPP) once negotiations are completed.

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