Potentials

BDG research shows salaries for factory workers to be around 120 USD per month – certainly a convincing fact to the possibilities of setting up production line in this country. The favorable conditions for manufacturing in Vietnam show themselves in the ever-faster growth of industrial production - more than 14% in 2008 (up from 7% in 2006). The clear cost advantage is disproportionately reflected in areas that are manually labor intensive. Good examples can be found in the areas of: Product Assembly , “Manufacture to order” and Small series production (“low volume – high mix”) as well as in large scale industrial production for certain products. “Hot Sectors” for Vietnam are: Clothing and textile Terracotta, pottery and bamboo products Shoe manufacturing Indoor and outdoor furniture Handicrafts e.g. accessories & gift Metal processing and high-precision engineering Vietnam possesses substantial reserves of natural resources and a high agricultural production capacity. It is the largest pepper exporter in the world; the second largest exporter of rice and coffee and the most important exporter of black tiger shrimp and pangasius. Further interesting categories include crude oil, rubber, tea, and fisheries products. With BDG’s Sourcing & Purchasing Service, BDG helps you to make use of Vietnam’s existing comparative cost advantages for your own business. Depending on the product group and the quality of your existing sourcing process, it is easily foreseeable that sustainable cost savings can average around 15%.