• Vietnam has a positive manufacturing environment; and is a country with high literacy, competitive labour rates and a positive investment climate for foreigners.
  • Vietnam is a manufacturing and not a mere processing market. Its industrial infrastructure is highly developed and manufacturing uses local materials as opposed to merely taking advantage of low labour cost.
  • Growth of textile and garment exports from Vietnam is strong, with a good global reputation for high quality and competitive pricing.
  • Vietnam offers geopolitical stability with no history of strikes or riots, no religious unrest (the country is mostly Buddhist) as well as geographical advantages such as an absence of earthquakes, volcanoes or typhoons that my disrupt production.
  • Vietnam has a non-centralized infrastructure with 5 seaports, 3 international airports and the Trans-Asian-Highway running through the country.
  • Vietnam enjoys favourable conditions from the European market with regard to GSP and no quota restrictions.
  • Exports to the USA have increased dramatically since the signing of the Bilateral Trade Agreement and within a short time, the USA has become the largest export market forVietnam, where Vietnamese products compete favourably with China.
  • In the footwear sector, Vietnam already holds second position after China as the leading Asian nation exporting shoes to the EU.
  • Exports of hard lines (such as furniture) are increasing substantially as they compete through the use of locally sourced materials. Indeed, Vietnam is on track to become the second largest exporter of non-electrical hardgoods from Asia.