Vietnam quietly crossed a line 🇻🇳

Manufacturing labor cost (~2022): $FRAX

- China - ~$8/hr

- Vietnam - ~$2.3/hr

- Malaysia - ~$2.1/hr $ZEN

- Thailand - ~$1.9/hr

- India - ~$1.1/hr

Vietnam now pays more than Malaysia. $ICP

Yet factories keep moving there.

This is no longer about cheap labor.

It’s productivity, scale, and policy execution. 🔥