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MANUFACTURING SUPPLY CHAIN OFFICER SUMMIT 2018
Wed - 19/9/2018
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VSC TOUR | CITY LOGISTICS & DISTRIBUTION
Fri - 21/9/2018
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This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

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PROCESS DELEGATE SPECIALIST - BOSCH VN

The Bosch Group is a leading global supplier of technology and services, in the areas of automotive and industrial technology, consumer goods as well as building technology. 

LOGISTICS OPERATIONS COORDINATOR - CEL CONSULTING
A firm specialized in Demand and Supply Management in Emerging Markets: We create an impact where it's most needed
2018 MANAGEMENT TRAINEE - DHL SUPPLY CHAIN VIETNAM
DHL Supply Chain - a business unit of DHL Global, is the global market leader in contract logistics, providing warehousing, managed transport and value-added services at every link in the supply chain for customers in a variety of industries.

VIETNAM'S GROWTH STRATEGY: ROADS, RAILS, RIVERS

2017-08-31 14:45:32

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VIETNAM'S GROWTH STRATEGY: ROADS, RAILS, RIVERS

 

Vietnam is gaining popularity on the global map of sourcing destinations, and could one day become a top manufacturing location, rivaling China for cargo. But as Vietnam attracts foreign investment—relying mainly on cheap labor—its inadequate freight infrastructure and high logistics costs are still holding it back. Part of the problem was solved this year as the country launched its first deepwater port and began investing in portside development. But the bottlenecks remain. For Vietnam to reach its true growth and outsourcing potential, it has to invest in the three Rs—roads, rails, and rivers.
 
 
Vietnam started its economic renovation eight years later than China, took more cautious steps, and did not become a member of the World Trade Organization (WTO) until 2007. But a slow start has not prevented Vietnam from becoming one of the world’s fastest-growing economies.
 
In the past decade, Vietnam’s economy has boomed, with an average 7.3 percent gross domestic product (GDP) growth per year. As production costs in China rise, more manufacturers are gradually moving production to Vietnam—both to benefit from lower labor costs and to diversify manufacturing investments. For example, Vietnam was Nike’s top producer of shoes last year with a 37 percent share in production, compared to 34 percent for China, its former top producer. Taiwanese contract manufacturing giant Foxconn, which opened two factories in North Vietnam in 2007, plans to revive its billion-dollar investment plan
to make the country one of the world’s largest high-tech manufacturing bases.
 
The growing interest in Vietnam as a sourcing destination has led to more freight throughput and placed more pressure on Vietnam’s humble freight infrastructure, which must be improved if the country is to succeed on the global sourcing stage.
 
 
For the full paper: CLICK HERE TO DOWNLOAD

 


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