Vietnam’s first fully-fledged domestic car manufacturer VinFast (Photo: VNA)

Its recent article said Vietnam’s economy is growing rapidly at around 6-7% and is still the fourth largest economy in the region and is growing much faster than the other regions.

Vietnam has a slightly more diversified economy than other countries in the region, especially when Vietnam is going into demographic dividend era where more than 70% of its population will be below 35 years of age, said the article.

It added that many companies will want to take advantage of this consumption boom and take a leap to invest further in this economy. Seeking Alpha concluded that Vietnam will be the next manufacturing alternative to China.