APAC Logistics & Industrial Capability Statement

MARKET INSIGHTS

ASIDE FROM ITS STRATEGIC LOCATION, VIETNAM REMAINS COST-EFFECTIVE WITH SIGNIFICANTLY LOWER LABOUR COSTS COMPARED TO CHINA. Further benefits come from a balanced mix of high value manufacturing such as electronics and low value manufacturing such as garments, footwear and food. High-value manufacturing is expected to grow, with the government intent on increasing manufacturing’s share of the economy from 25% to 30% by 2030 by attracting more high-value manufacturing investment.

VIETNAM

Vietnam is a key beneficiary of China+ manufacturing strategies due to close geographical proximity and wider regional and global connectivity.

Cushman & Wakefield

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