Investing in Vietnam’s garment industry offers more than just Free Trade with 52 nations. Risks of not becoming a garment player in Vietnam, which can be translated in a company’s competitive disadvantage, are often underestimated. BDG has gathered 10 reasons why you should consider establishing your garment manufacturing business in Vietnam NOW see more
After the strong entrance of major global electronics players, opportunities await both local and foreign electronics parts manufacturers/suppliers due to low supplier localization rates. see more
Despite increasing level of trade and investments in ASEAN, a large part of the population in the region remains poor. This is because low minimum wage in many ASEAN countries is insufficient to cover basic living expenses. Even so, these countries have been considering cheap labor as their competitive advantage to attract foreign investments. Such delusion of cheap labor is to be ended soon as it has been hindering social and economic improvements in the region, and is even detrimental to businesses in the long run. see more
Within a product’s value chain, TPP’s rules-of-origin is eliminating countries that have low contribution level. As a result, due to weak supporting industries, Vietnam risks losing interests from foreign investors. However, given the country’s ongoing efforts to revamp its supporting industries, foreign investors can stay confident in some selected segments. see more
Last June, the United Kingdom became the first country in history to exit the European Union (EU), sending markets not only in Europe but around the globe into frenzy. While experts agree that the UK will be the party taking the brunt of the heat, with the EU being ASEAN´s second biggest trading partner, invariably, the Southeast Asian economies are set to be affected – both negatively and positively – by any change shaking the western trading hubs. see more
