It is interesting to see that Vietnam is projected to become the next global manufacturing hub. I see that Vietnam has an advantage in labor force cost. I'm sure this factor is appealing to other countries who may be looking for cost efficient work. It was interesting to hear about how China may be experience a labor force gap because of low fertility rates. If China doesn't step up Vietnam could certainly take its place years down the road.
Thanks for your inputs! Vietnam is already one of the best China Plus One alternative. Indeed, there is a lot of things to be improved but let's remember it's a fast-paced country as well.
Not easy on Vietnam side too. But it's true that as a small player : an SME or entrepreneur, I think it's easier to deal with small-scale factories that will be more likely be set up in Vietnam.
Great insights on sourcing options! 🌏 It’s interesting to see how Vietnam is emerging as a viable alternative to China for manufacturing. Thanks for sharing!
@@elenagilbert4072 VIETNAM MANUFACTURING IS STILL CONTROL BY CHINA. IT COME FROM CHINA TO VIETNAM AND FROM VIETNAM TO THE U.S. VIETNAM MAKES MONEY FROM THE TRADE BASICALLY YOU ADDED A MIDDLE MAN IN THE PROCESS WHICH COST THE AMERICAN CONSUMERS MORE MONEY.
@elenagilbert4072 ALL YOU DID WAS ADDED A MIDDLE MAN IN THE PROCESS. THE GOODS STILL COMES FROM CHINA. VIETNAM IS GETTING PAID WHILE THE U.S CONSUMERS PAYS MORE FOR THE SAME PRODUCT. CHINA SELLS TO VIETNAM WHICH SELLS TO THE U.S FOR PROFIT. ONLY DIFFERENCE IS EVERY PRODUCTS HAS VIETNAM NAME ON IT, BUT IT STILL ORIGINATED FROM CHINA.
While a lot of capital has come into Vietnam as an alternate to China, it has not come into the core manufacturing sector. Moreover, what is important as the industrial sector grows is the upgradation of management competence as well. Managing plants is not just about managing people which local staff can do, but also understand, develop, customize, adapt and work to global efficiencies which will be imperative if you are manufacturing for the world. You must import/develop management talent as well. I find that a bit wanting now.
Made in China? I know there is currently a work stoppage at the US ports, but I would try to look for other options before acquiring products from there or I would try to locate Class A devices.
Hi Daniel. Sure, thanks for your analysis. The congestion is not only on US side : we did encounter congestion in ports as well in the Asia side (Vietnam /Singapore).
Excellent content in your discussion about manufacturing development in China vs Vietnam. Can you you review the topic Indonesia vs Vietnam for the sourcing? Thanks.
Vietnam is geographically well-positioned, allowing for easy access to global markets. This proximity reduces transportation costs and lead times, making it an ideal choice for businesses that value speed and efficiency in their supply chains.
It is one of them. Vietnam is still far from Europe and the USA so other neighboring countries (Mexico - Eastern Europe) can also be suitable as freight cost can have high-impact on the total pricing.
I also think Cambodia will slightly entering in the map. Nevertheless, Vietnam with it's 10x bigger economy (compared to Cambodia), things move faster and is more likely the one that can emerge as a China Plus One player.
India is part of BRICS India knows the game the west is playing. India is not stupid. India will play along just to see how far the U.S will go before India turn against the U.S
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great topic Vinh and Guilluin
Happy to know this! Cheers
Thank you for the feedback!!!
Thank you for providing this information, the content is excellent.
You are welcome ! Good to know that our discussion was helpful!
It is interesting to see that Vietnam is projected to become the next global manufacturing hub. I see that Vietnam has an advantage in labor force cost. I'm sure this factor is appealing to other countries who may be looking for cost efficient work. It was interesting to hear about how China may be experience a labor force gap because of low fertility rates. If China doesn't step up Vietnam could certainly take its place years down the road.
Thanks for your inputs! Vietnam is already one of the best China Plus One alternative. Indeed, there is a lot of things to be improved but let's remember it's a fast-paced country as well.
Dealing with Chinese suppliers in hard. I found that Vietnam factories are more flexible and supportive.
Not easy on Vietnam side too. But it's true that as a small player : an SME or entrepreneur, I think it's easier to deal with small-scale factories that will be more likely be set up in Vietnam.
Great insights on sourcing options! 🌏 It’s interesting to see how Vietnam is emerging as a viable alternative to China for manufacturing. Thanks for sharing!
Thank you for your comment!
@@elenagilbert4072 VIETNAM MANUFACTURING IS STILL CONTROL BY CHINA. IT COME FROM CHINA TO VIETNAM AND FROM VIETNAM TO THE U.S. VIETNAM MAKES MONEY FROM THE TRADE BASICALLY YOU ADDED A MIDDLE MAN IN THE PROCESS WHICH COST THE AMERICAN CONSUMERS MORE MONEY.
@elenagilbert4072 ALL YOU DID WAS ADDED A MIDDLE MAN IN THE PROCESS. THE GOODS STILL COMES FROM CHINA. VIETNAM IS GETTING PAID WHILE THE U.S CONSUMERS PAYS MORE FOR THE SAME PRODUCT.
CHINA SELLS TO VIETNAM WHICH SELLS TO THE U.S FOR PROFIT. ONLY DIFFERENCE IS EVERY PRODUCTS HAS VIETNAM NAME ON IT, BUT IT STILL ORIGINATED FROM CHINA.
While a lot of capital has come into Vietnam as an alternate to China, it has not come into the core manufacturing sector. Moreover, what is important as the industrial sector grows is the upgradation of management competence as well. Managing plants is not just about managing people which local staff can do, but also understand, develop, customize, adapt and work to global efficiencies which will be imperative if you are manufacturing for the world. You must import/develop management talent as well. I find that a bit wanting now.
Thank you for your inputs. "Understand, develop, customize, adapt" ! Rare but golden when we identify a factory or partner following them.
This video is informative, great info about in China vs made in Vietnam.
Glad you liked it
well done for the interview guys, I am left with valuable information.
Thanks for the feedback.
Made in China? I know there is currently a work stoppage at the US ports, but I would try to look for other options before acquiring products from there or I would try to locate Class A devices.
Hi Daniel. Sure, thanks for your analysis. The congestion is not only on US side : we did encounter congestion in ports as well in the Asia side (Vietnam /Singapore).
Excellent content in your discussion about manufacturing development in China vs Vietnam. Can you you review the topic Indonesia vs Vietnam for the sourcing? Thanks.
Thanks for watching and good to read that you found this video informative.
Vietnam is geographically well-positioned, allowing for easy access to global markets. This proximity reduces transportation costs and lead times, making it an ideal choice for businesses that value speed and efficiency in their supply chains.
Thanks for your input!
Vietnam is definitely the best alternative to Made In China product !
It is one of them. Vietnam is still far from Europe and the USA so other neighboring countries (Mexico - Eastern Europe) can also be suitable as freight cost can have high-impact on the total pricing.
i think in 10 or 15 years vietnam can become as good as china in manufacturing.
Yep, it can!
Do you also see cambodia becoming a good alternative of china sourcing?
I also think Cambodia will slightly entering in the map. Nevertheless, Vietnam with it's 10x bigger economy (compared to Cambodia), things move faster and is more likely the one that can emerge as a China Plus One player.
Is Vietnam the only alternative to China ? If India also another alternative will be much better !
India is part of BRICS India knows the game the west is playing. India is not stupid. India will play along just to see how far the U.S will go before India turn against the U.S
India is also well known for Indoor furniture. We do have clients already purchasing from India but still looking to diversity in Vietnam as well.
@@palmaraja1200 GO ahead & good luck with that. Apple tried it & went back to china
Made in china? Never for me!!!
Mee too and since 12 years!!!