As American companies plan to move their manufacturing bases outside China, Southeast Asian countries could be the big winners, says General Atlantic's Sandeep Naik.
There are new opportunities for financial services too, he added, explaining that the manufacturing firms shifting to Vietnam need credit.
"So credit to the sector, credit to the mid-sized manufacturing unit, then creates another fillip or a boost to the financial services industry," Naik said.But Naik noted that investors will need to grapple with a lot of local issues and nuances as they learn to operate in the local landscape. "We need to have people on the ground that will really help us navigate those issues, but if you look at the foreign direct investment that's happening in Vietnam at this point, you can see that the gates are opening," he said.that the labor market in Vietnam is tightening, and investors are now looking to move manufacturing into other Asian countries, like Thailand.
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