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- Where are wood products made in Vietnam?
- More than half of the wood products are made in Binh Duong, a province located in proximity to Ho Chi Minh City. According to the Vietnamese Customs, the exports of wood products increased by around 22% in 2021 compared to 2020, reaching USD 9.3 billion in value.
- Why is the footwear industry so big in Vietnam?
- The footwear sector is particularly big, but all garments in general. Brands like Nike, Adidas, and Skechers have all shifted a vast amount of production to Vietnam, thanks to the developed supply chain, lower labor costs, and favorable trade agreements.
- Why should you choose Vietnam as a manufacturing destination?
- Nowadays, multinationals set up production for more advanced products, including electronics, telecommunication equipment, and machinery, for example. Benefits of choosing Vietnam as a manufacturing destination include its low labor costs, many trade agreements, enhanced manufacturing capabilities, and large labor pool.
- Why is Vietnam a major manufacturing hub in Asia?
- Vietnam is one of Asia’s largest beneficiaries of foreign investments and one of the regions’ most important manufacturing hubs. Due to global supply chain disruptions, external events, and country-specific benefits, increasingly more companies seek to manufacture here.
- How many factories are in Ho Chi Minh city & Hanoi?
- Having a land area similar to Malaysia and Finland, we find a high density of manufacturing in the North and the South. Having around 6,000 factories in total, more than 70% of factories can be found in or near Ho Chi Minh City and Hanoi. Let’s review some of the most important cities and provinces and what sets them apart.
- What industries are in northern Hanoi?
- The mechanical engineering industry came in second place with 24%, and other industries 32%. In Northern Hanoi, you can find a high concentration of Japanese electronics manufacturers, including Denso, Panasonic, Sumitomo, Canon, and Molex. Thang Long Industrial Park is located here, started in 1997 and with Sumitomo as a major investor.
