Vietnamese Town Faces Uncertain Future After Factory Boom
Vietnam's Bac Ninh has transformed from a traditional rice-farming region into a bustling manufacturing hub, attracting foreign investment and Chinese companies shifting out of China due to trade tensions. Despite rapid growth, challenges like rising labor costs, infrastructure limits, and competition from other Southeast Asian countries threaten its trajectory. Vietnam aims to upgrade its industry to higher-value products and diversify export markets to sustain its economic momentum.
