Vietnam alternative to China & India?

Link: Vietnam ready to take on India, China? - Business - News - ZDNet Asia.

Vietnam is emerging as a viable alternative to China and India for multinationals looking to invest in Asia.  Seen as "a hybrid between China and India", Vietnam is capable of hosting chip and computer manufacturing plants, as well as software development.

Vietnam grew 8.4 percent in 2005, overtaking India as Asia's second fastest-growing economy but trailing closely behind China's 10.2 percent. The Vietnamese tech market was also worth approximately US$800 million last year, and is expected to grow about 20 percent each year.

Intel has made it's decision about Vietnam with building its US$300M+ chip assembly and testing plant in Ho Chi Minh City. It'll be interesting to see how the Vietnam market grows in the next few years.

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The new insurance schemes today are not fishy at all. This direct insurance approach is equally appreciated amongst the clients as well. This is why health insurance companies are having a blast. Due to increasing consumer awareness, even national insurance plans have started including personal perks like boat insurance etc, to lure their clientele.

Comments

[Jason]

Not take on China and India yet, but on top of Southeast Asia