Reasons for the Shift from “Made in China” to “Made in Vietnam
This article analyzes the reasons why more and more enterprises are shifting from "Made in China" to "Made in Vietnam". Due to rising costs, trade frictions, and supply chain adjustments, Vietnam has become a favored destination. It offers lower labor and operational costs, along with tax incentives. By leveraging free trade agreements, Vietnam gains tariff advantages and can avoid the risks of trade wars, and the process of setting up factories is simplified. Its supply chain is gradually improving, and there is an abundant labor force with continuously enhanced quality. However, Vietnam also faces issues such as weak infrastructure, an immature supply chain, and low transparency of laws an... »