We learn from The Wall Street Journal today that Vietnam is growing as a country of choice when it comes to outsourcing jobs. Why? No surprise:

   

Industrial land here is cheaper than in China. Wages are about a third lower than in China’s industrial coastal regions. And with a population of almost 90 million people, half of whom are under 30 years old, Vietnam’s talent pool is deep and increasing.

    It’s quite interesting that two of the last remaining Communist governments are effectively saying, “here, come exploit my workers.”

   

The fact that Vietnam is controlled by the Communist Party isn’t a concern for most investors. Adam Sitkoff, executive chairman of the American Chamber of Commerce in Hanoi, said Vietnam’s leaders have closely watched China’s development and are following Beijing’s strategy of opening up the economy to investment while maintaining a tight hold on political power.

    Weird, huh?