Labour, infrastructure issues hold back surging Vietnam investment

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President Joe Biden visits Hanoi Sunday to boost economic ties as Washington looks to move away from over-reliance on China, but a lack of highly skilled labour and infrastructure weaknesses mean Vietnam may struggle to replace its neighbour.

Vietnam has become an increasingly important destination for some of the world's top companies -- including Samsung and Apple supplier Foxconn -- as concerns escalate over tensions between the US and China.

"I'm forecasting a manpower shortage," he told AFP, ahead of a potential relocation of the company's research and development centre from South Korea.training engineers is absolutely low."Vietnam has plenty of people skilled in garment making and producing simple parts for electronics, but industry leaders foresee problems as the country moves up the value chain.

"But if it wants to continue to attract all this investment, to create wealth opportunities and economic growth, they need to up their game."

 

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Belgique Dernières Nouvelles, Belgique Actualités