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Vietnam stands to benefit from the US-China trade war as it can take advantage of the relocation of industries that are leaving China, due to the increased tariffs imposed by the US. To encourage businesses, the Vietnamese government has implemented supportive policies such as offering tax incentives and reducing red tape, in order to attract foreign investment and shift the country's focus from an agricultural to a manufacturing-based economy.

Injection molding is a manufacturing process in which molten material, such as plastic, is injected into a mold cavity. The material is then cooled and solidified, and the finished product is ejected from the mold.

In the previous post, we mentioned the advantages when outsourcing manufacturing in Vietnam. So in this post, we will discover the disadvantages when outsourcing in Vietnam.

Vietnam has emerged as a potential outsourcing destination for manufacturing due to its cost-effectiveness and availability of skilled labor. The country has made significant strides in developing its infrastructure, workforce, and investment climate in recent years, which has made it an attractive option for many companies looking to outsource.

The global precision engineering market is estimated to be worth around $3.3 trillion in 2020 and is projected to grow at a compound annual growth rate of 3.2% from 2020 to 2027.

The casting capacity in Vietnam is comprehensive and comprehensive, with a wide range of material options, potential technical capability, and state-of-the-art infrastructure.

Manufacturing outsourcing is becoming increasingly popular around the world. It is estimated that almost 80% of companies outsource some of their manufacturing processes to other countries for cost-savings and to access new markets. Outsourcing manufacturing operations is a cost-effective way to reduce operating expenses, improve efficiency, and access new ideas and technologies.

According to Sputnik news, the chip-semiconductor manufacturing industry and the development of the microchip industry have become a fierce race between major countries. Vietnam started to enter the “semiconductor road” and gradually asserted its position, showing reasonable strategies and calculations.

RMIT University academics weigh in on Vietnam’s potential to grow into a semiconductor chip manufacturing powerhouse.

Ammunition is not a standard product or equipment, and its price is not low. For sure that you should keep it in the correct way, which is not only a way to save your money for buying these ammunitions but also a great experience for you to learn how to store your other valuable thing. This experience can be helpful in emergencies, and it is to ensure that the ammo is always ready to be used for hunting.

The famous German broadcaster – Deutsche Welle (DW) said that there are signs that the Vietnamese economy is benefiting from the supply chain shift. Specifically, both Apple and Google plan to manufacture some of their products in Vietnam.

According to UOB Bank (Singapore), the manufacturing sector continues to grow strongly, FDI capital increases again, and tourism recovers… are the driving forces of Vietnam’s growth.

Ammunition is a special product that required the strickly protection and storage as it can be related to the security of a country, making a decision between life or death. Anyone has to work with or use them, it should very serious in how to maintain ammunition and other defence product properly preserved.

Vietnam has the second-lowest operating costs among nine countries in Asia and is assessed to have high logistics development potential, a report says.

The world’s largest trade pact RCEP will boost Vietnam’s trade in the long run as the country becomes part of a bigger supply chain, experts say.

There are many driving forces for growth for Vietnam in 2022, and the growth target of 6.0 – 6.5 percent for 2022 is quite feasible, according to foreign economists.

It has been two years since Covid-19 appeared and affected all activities from normal to a business one. Especially in the Manufacturing Industry which requires a large number of workers, the Covid-19 and quarantine action have strong effects, like a hurricane to the Industry. There is no doubt that Covid-19 has ushered in a large number of death cases and sicknesses which firstly could not be predicted all over the world. However, another side of the Covid impacts on business is that it promotes business owners to invest more in technology to improve working efficiency during quarantine duration. The way that business owner faces the new normal situation can decide this is a good time to improve the efficiency or it marks the end of a business? Hear me out.

Vietnam’s exports are estimated to have risen 19% this year to $336.25 billion, while its industrial output increased 4.8%, according to General Statistics Office (GSO).

The impacts from free trade agreements that both Vietnam and Australia are members would open up new opportunities to attract Australian enterprises to do business in the country.