HA NOI (VNS)– Viet Nam is expected to join the world's top 10 most competitive manufacturing nations in the next five years, according to the 2013 global manufacturing competitiveness index (GMCI) report from Deloitte Touche Tohmatsu Limited's Global Manufacturing Industry group and the US Council on Competitiveness.
The GMCI ranks Viet Nam 10th, an eight-place leap from its current position. Brazil also makes a big jump, from eighth to third, and India jumps from fourth to second place. China once again stands as the most competitive manufacturing nation in the world - both today, and five years from now.
The report predicts that many advantages are tilting toward Asia, the continent where 10 of the 15 most competitive nations within the decade are located.
The report seeks to determine how CEOs view the competitiveness of the manufacturing industry in different countries around the world. A global CEO survey, which generated responses from 552 CEOs and senior executives, offers perspectives on the most important factors that drive the manufacturing industry's competitiveness. – VNS