11/07/2026
Fifty years ago, Vietnam emerged from one of the most devastating wars in modern history.
Today, it has become one of the world's most export-oriented manufacturing economies and a preferred production hub for global companies like Apple, Samsung, Intel and Foxconn.
This transformation raises an important question:
Why did many multinational manufacturers expand in Vietnam before making similar commitments to India?
The answer goes far beyond lower labour costs.
It is a story of long-term policy consistency, export orientation, integrated supplier ecosystems, strategic trade agreements, infrastructure development and investor confidence.
At the same time, India possesses strengths that very few countries can replicate:
A market of over 1.4 billion consumers
One of the world's largest engineering and technology talent pools
Rapidly expanding digital infrastructure
Significant investments in manufacturing through PLI schemes and logistics modernization
The competition between India and Vietnam is not a zero-sum game.
Vietnam has demonstrated how disciplined ex*****on can transform a nation's manufacturing base. India's challenge is different: converting its scale, talent and domestic demand into a globally competitive industrial ecosystem.
The next decade will not be won by countries with the cheapest labour.
It will be won by countries that combine speed, scale, technology, productivity and trust.
What do you believe is the single biggest lesson India should learn from Vietnam's manufacturing journey?
I look forward to hearing your perspective.