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.
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.
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.
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.
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.
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).
Vietnam’s manufacturing, retail and newly formed businesses posted positive growth in November, thanks to improved economic conditions according to the latest World Bank report.
Vietnam stands to benefit after the EU and China suspended the Comprehensive Agreement on Investment (CAI). The CAI was supposed to be a significant bilateral treaty that would replace the 26 existing bilateral investment treaties between 27 individual EU Member States and China, thus providing a uniform legal framework for EU-China investment ties.
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