VNExpress-Jan 11

Vietnam has the second lowest operating costs among nine countries in Asia and is assessed to have high logistics development potential, a report says. The monthly minimum operating cost for a manufacturing company in Vietnam is $79,280, compared to leader Singapore at $366,561 and second placed Thailand at $142,344, according to a report by Singapore-based business transformation consultancy TMX. The report says the minimum operating cost in Vietnam is only higher than Cambodia’s at $65,313. The report calculated the average costs of doing business in nine popular potential manufacturing locations in Asia: Cambodia, India, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Vietnam, along with several other countries like Thailand and the Philippines, offers a sizable and relatively affordable pool of labor. While Vietnam offers abundant employment opportunities, it has fewer highly skilled talent in many sectors with a talent competitiveness of around 35 points, compared to the 40 points for the Philippines and Thailand. Read more at: https://e.vnexpress.net/news/business/data-speaks/vietnam-operating-costs-among-asia-s-lowest-report-4414957.html