4 Factors to Consider When Relocating Your Production
By Pritesh Samuel Vietnam is experiencing continued and unprecedented […]MORE
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With uncertainty due to U.S-China trade tensions, Vietnam has emerged as a hot, new market for importers looking to reduce risk and unit costs by rapidly shifting their supply chains from China. Still, as U.S. companies look to immediately establish credibility in a new market, it’s important to recognize that Vietnam manufacturing also presents unique challenges that require on-the-ground support.
So, while Vietnam may not necessarily replace all Chinese sourcing operations, it should be strongly considered to augment them as a secondary source for critical products or assembly. With decades of experience in the region and support on the ground in Vietnam, let The ABC Group help you facilitate a profitable Vietnam sourcing solution.
Exports to U.S. exceeded $65 billion in 2019.
Many Leading Brands have already established operations in market (LG and Samsung)
Close to manufacturing hubs in China
114 seaports allow for efficient ocean shipments
Minimum wage is half of China’s
Stable government with multiple bilateral trade agreements
GDP growth on average exceeded 6% per year since 2000
On pace to overtake China on annual GDP growth rate for first time
Our leadership team on both continents has years of invaluable experience – on the ground in both the U.S. and Vietnamese markets – that just can’t be replicated without having invested the time in truly cultivating it.
By leveraging our deep knowledge and seasoned personnel, we help customers achieve optimal results in sourcing from and exporting to Vietnam.