Vietnam Will Become The World'S Factory After China.

After China, Vietnam will become the next world factory for labor-intensive products.

These can be seen through changes in Vietnam's export products: the two most important agricultural exports of rice and coffee are being replaced by US $61 billion in textile exports.

The rise of footwear exports has replaced seafood exports.

4 million motorcycles on the streets of Hu Zhiming provide obvious and noisy evidence for the prosperity of Vietnam.

Men and women were taken to factories outside the city through bicycles.

This is so important for production that some employers buy insurance from their own pockets to deal with vehicle theft.

The enthusiasm of investors indicates the prosperity of the market, and the young labor market is becoming the driving force for world growth in the next ten years.

Opportunity: in the past six months, the cost of Chinese exports to the US has increased, giving Vietnam greater market share.

Advantage: Vietnam's biggest attraction is the literacy rate and health level of the workforce.

The average age of the workforce is only 25.

Investment: by joining the WTO, Vietnam's foreign investment this year increased by 37% compared with the same period last year.

Risk: last month's inflation rate was 10%, the fastest in three years.

Growth: in 2007, the population grew by 8% to 85 million.