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Sanofi plans to finance the acquisition through a combination of cash and new debt.

In finance, AI handles data analysis, while human experts focus on interpreting outcomes and managing

Donald Trump signed legislation nullifying an expanded IRS rule that would have classified decentralized finance credit network Hidden Road for $1.25 billion, aiming to integrate its crypto operations with traditional financial

housing market millions in future fraud losses, reinforcing the safety and soundness of the mortgage finance

Companies across tech, finance, and knowledge-based sectors recognize that offering flexible work options

Reforms are designed to optimize healthcare financing, improve workforce planning, and integrate modern

Financial Shifts  – European banks and investors are prioritizing ESG (Environmental, Social, and Governance From supply chains to finance, the ripple effects are reshaping industries worldwide.

Bookkeeping & Finance – Invoice processing, expense tracking, and financial reporting.

Canada seeks G7 backing for new multilateral financing options to support climate-resilient transport

Vietnam’s Rapid Growth in Manufacturing: The New Powerhouse of Asia Vietnam has quietly—and rapidly—become one of the world’s most important manufacturing hubs. Over the past decade, the country has transformed from a low-cost production base into a sophisticated industrial ecosystem capable of supporting electronics, textiles, automotive, and high-tech manufacturing. Today, Vietnam is one of the fastest-growing economies in Asia , attracting massive investment from global giants like Samsung, Apple suppliers, Nike, Lego, and more. But what exactly is driving Vietnam’s explosive rise in manufacturing? And why are so many global businesses shifting their production there? Let’s break it down. 1. Strategic Location and Global Trade Advantage Vietnam sits strategically in Southeast Asia, close to major markets like China, Japan, and Singapore. Its coastline provides strong port access to global shipping lines, making logistics faster and cheaper. The country also benefits from multiple free trade agreements, including: Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) EU–Vietnam Free Trade Agreement (EVFTA) ASEAN Free Trade Area (AFTA) These agreements give Vietnam a competitive edge with reduced tariffs, attracting international manufacturers that want easier access to global markets. 2. Competitive Workforce With Strong Skills One of Vietnam’s biggest strengths lies in its young, educated, and increasingly skilled workforce. Labour costs remain significantly lower than China and even some Southeast Asian neighbours, yet productivity continues to rise. The government invests heavily in technical training and vocational programs, which is helping the industry shift from basic assembly to more complex manufacturing such as electronics and machinery. 3. The China+1 Strategy Is Accelerating Growth Many companies are diversifying their production to reduce dependence on China—this trend is known as China+1 . Vietnam has become the top beneficiary of this global shift. Brands such as: Apple (via Foxconn and Luxshare) Samsung Nike Panasonic Lego have expanded their operations in Vietnam due to stable politics, lower costs, and a pro-business environment. This diversification trend will only continue to accelerate in 2025 and beyond. 4. Strong Government Support and Investment-Friendly Policies Vietnam’s government has been proactive in attracting foreign direct investment (FDI). Incentives include: Tax breaks for manufacturing companies Simplified business registration Support for industrial infrastructure Investment in ports, highways, and power supply Specialized industrial parks such as Bắc Ninh, Bình Dương, and Hải Phòng are modern, well-equipped, and designed specifically for multinational production operations. 5. Rapid Expansion in High-Tech Manufacturing While Vietnam is known for textiles and footwear, the high-tech sector is growing even faster. Key developments include: Vietnam becoming Samsung’s largest smartphone production base Apple suppliers building new factories Expansion in semiconductors and electronics Automotive component manufacturing increasing New investments in robotics and smart manufacturing The shift toward high-value production is a major milestone in Vietnam’s industrial transformation. 6. Vietnam’s Growth Forecast for 2025 and Beyond Economists project that Vietnam will continue growing at one of the fastest rates in Asia, driven largely by manufacturing and exports. As the government pushes for digital transformation and automation, the country is positioning itself as the next high-tech powerhouse in the region. By 2030, Vietnam is expected to be one of the world’s top 15 manufacturing economies. Why Vietnam Matters for Global Business Vietnam’s rapid rise in manufacturing is no longer a regional story—it’s a global one. With its strong workforce, competitive costs, strategic location, and massive foreign investment, Vietnam is shaping the future of global supply chains. Companies that invest early in Vietnam gain: Lower production costs Access to global markets through FTAs A stable and expanding workforce Long-term growth opportunities Vietnam isn’t just catching up—it’s becoming a world-class manufacturing powerhouse. #VietnamManufacturingGrowth _ Daily Growth Insights

Industries across the U.S., Europe, South America, and the Middle East—especially IT, finance, and real

From finance to manufacturing, logistics to healthcare, companies that rely on SAP systems are actively