Vietnam's purchasing manager's index has signalled expansion for 24 consecutive months. Photo: EPA

Manufacturers step up search for low cost alternative to China

Higher mainland wages have forced labour-intensive industries such as apparel to find cheaper locations, with Vietnam one of the beneficiaries

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Vietnam's purchasing manager's index has signalled expansion for 24 consecutive months. Photo: EPA
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Summer Zhen

Summer Zhen

Summer Zhen is a business reporter covering the property markets in mainland China and Hong Kong as well as cross-border investments and the financial markets. Born in Shanghai, she holds a master's degree in Journalism from the University of Hong Kong and is a graduate of Waseda University in Japan. She has also studied in the US. A winner in the "Best Young Reporter" category at the 2014 Hong Kong News Awards, Summer previously worked for Phoenix TV and Ming Pao.