Finding a trusted partner in Vietnam for your China Plus One Vietnam Strategy
The definition of China Plus One or China +1 is an international business strategy that consists of the expansion of your company’s current operations in China, say, to a Southeast Asian nation like Vietnam.
Your company might even consider leaving China as a list of growing concerns about China mounts: shortages of workers, appreciating currency, restrictive government policies, inflation and even the possibility of widespread civic disputes.
Most importantly, in regards to low cost manufacturing, the main reason you choose China in the first place: wages were low. However, wages have been rising in China approximately 25 percent a year in many industries, possibly your industry too.
There are also growing concern of China’s manufacturing dominance in many industrial sectors that could see the placement of export limits, in certain trading regions, imposed on your Chinese-made products and exports.
So, the idea of adding secondary operations outside China, avoiding the risky fluctuations of China’s labour and resources market, is a sound business decision.
China may not appear as a bargain as of 2012…. there are alternatives.
Vietnam B2B Direct can be your trusted partner in Vietnam
Choosing a Southeast Asian country like Vietnam for your low cost manufacturing entails extensive market research and due diligence.
It is imperative for a company to a find reliable local partner with a long history of operating in Vietnam that can help you directly with your China Plus One strategy.
You need to have a partner that understands the business climate and culture of Vietnam.
Vietnam B2B Direct’s Management Group consists of well educated English-speaking Vietnamese Personnel in its Vietnam operations trained in western business practices.
And, it is important to be able to consult and communicate directly with your local expert in Vietnam that can provide insight on local markets and how these markets are likely to change in the short and the long term.
Vietnam B2B Direct’s focus is on building trade agreements between worldwide companies and Vietnam businesses by providing full supply chain management services in sourcing, manufacturing, importing and exporting.
Contact Mr. Bill Gadd at billgadd (at) VietnamB2BDirect.com to discuss your China Plus One Strategy that includes Vietnam … or complete our inquiry form here …