Saturday, June 28, 2008

Vietnam's Economic Fissures

Vietnam is often considered an alternative to production in China. We've even had a vendor who moved their factory to Vietnam though I can't say it's been a successful experience. Vietnam however may be set to get a whole lot cheaper. According to the Times of London:

Vietnam lurched closer to a currency crisis yesterday as the Government cut the official exchange rate to a record low. UBS analysts said that the country’s economic profile was more extreme than that of Thailand on the eve of the 1997 Asian financial crisis.

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