Business School 101: Manufacturing in China vs. Vietnam

What are some reasons multinational companies are moving manufacturing from China to Vietnam?

• Strict anti-COVID policies in Vietnam

• Complicated political environment in China

• Increased labor costs in Vietnam

• Lower labor costs in China

How does China's GDP compare to Vietnam's?

• China's GDP is 54 times larger

• China's GDP is 14 times larger

• Vietnam's GDP is larger

• Both have similar GDPs

What is one of Vietnam's main advantages over China in attracting manufacturing firms?

• Higher labor costs

• Complicated political environment

• Lower labor costs

• Older workforce

What is a characteristic of Vietnam's workforce compared to China's?

• Both have similar age demographics

• China has a younger workforce

• Vietnam has a younger workforce

• Vietnam has an older workforce

How does Vietnam's political environment compare to China's?

• China is more politically stable

• Vietnam is more politically stable

• Vietnam is politically unstable

• Both are equally stable

What is the potential impact of Vietnam's free trade agreements?

• Increase in labor costs

• Reduction in foreign investments

• Increase in economic power and financial security

• Decrease in international cooperation

What is one of China's advantages in manufacturing?

• Small market size

• Limited access to raw materials

• Abundant skilled labor

• Underdeveloped infrastructure

How does China's infrastructure compare to Vietnam's?

• Vietnam's infrastructure is more advanced

• China's infrastructure is less developed

• Both have similar infrastructure

• China's infrastructure is more advanced

What is a challenge Vietnam faces in becoming a global manufacturing hub?

• Lack of free trade agreements

• Smaller market size compared to China

• Higher labor costs than China

• Political instability

What could threaten China's long-term economic growth?

• Improving its political environment

• Reducing its market size

• Increasing its labor costs

• Failure to upgrade its manufacturing sector