With Apple and Microsoft moving in, Vietnam bets on tech migration from China
The coastal port of Haiphong, Vietnam, used to be famous for aromatic noodle dishes and organized crime. Nowadays, it’s better known as a burgeoning industrial region, where electronics makers set up shop to escape the crowded south. Optimism abounds in a place like this. “We don’t just sell land, we sell the future,” Hoang Vinh Tuan, a manager at real estate developer Deep C Industrial Zones, told Rest of World.It’s part of a boom in industrial infrastructure deep in Vietnam’s north, designed to lure tech manufacturers out of China and into the country. When Rest of World visited in October, Deep C staffers walked groups of visitors through their Haiphong site, displaying ready-built workshops and warehouses, an irrigation system designed to collect rainwater, even a wind turbine — which, the guides proudly informed, was the first one installed in northern Vietnam.
Continued here