If you're exporting, you're almost in a quarantined area from the economy and the legal system. Selling domestically, there's a lot of red tape, distribution is controlled, and there are obstacles in promotion and advertising and getting the products to market. |
Most companies already have manufacturing in China, and you don't want all your eggs in one basket. That's the strategic mentality we're seeing more often than not across industries. |
Ports could be a bottleneck in the short term. |
Taiwan has a huge a mount in Vietnam due to cultural affinities and concern about overdependence on China. |
The experience of clients in [industrial park] zones has been quite professional. The authorities are hitting a relatively high standard, and it's much easier to get things done. |
Vietnam is becoming more transparent, and decision-making is more accountable. |
When Japan and China tensions erupted last year, there was a sudden interest from Japan to have fallback capacity in Vietnam. |