Vietnam Factories Set Up Consultation
With rising costs in China, corporations have turned to developing Southeast Asia countries such as Vietnam for investment. Samsung and Apple manufacturers such as Foxconn and GoerTek have moved their factories to Vietnam as it becomes a lower-cost destination for investors. With the ongoing US-China trade war, it accelerates an existing trend of foreign business veering away from China and entering Vietnam, so as to avoid the high tariffs for “Made in China” goods. In addition, Vietnam’s low-cost wages and beneficial fiscal policies are indeed other attractive factors convincing a larger pool of manufacturers to expand or set up factories in the country.
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