Investment in Vietnam on Rise

Vietnam is becoming the destination choice for manufacturers from developed countries looking for low-cost production.

The government is combining tax breaks, inexpensive land and cheaper labor to attract such investors as Intel Corp.

The big California chipmaker recently rejected China and Thailand for the opportunity to invest $300 million to build a microchip facility near Ho Chi Minh City.

Vietnam's factory wages average $50 to $60 a month, half as much as wages along China's coast.
In fact, Vietnam's incentives have prompted some Chinese manufacturers to leave and move south.

Source: UPI