How come Vietnam is lower than Bangladesh?
They're considerably higher up the manufacturing value chain than us. Their exports of Samsung smartphones alone are much higher than our total exports as a country.
I don't believe Samsung produces or sells cellphones in China, which explains that. I believe the cellphone manufacturing investment in Vietnam was made by Samsung itself, not Vietnamese partner. Their cost of labor is low enough - but of course not lower than Bangladesh.
Like someone mentioned - Covid shock is number one reason for this phenomenon. Bangladesh manufacturers could not stop manufacturing and kept going with Health precautions. People have to eat.
Vietnam was more careful and had shutdowns.