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Vietnam Info

In:

Submitted By Timhu
Words 407
Pages 2
Review In this case, we can know about Vietnam is one of the most competitive garment exporting countries in the world today. Actually, we can find many clothes made from Vietnam. In my opinion, made in Vietnam is better than made in China. Besides, the salary of China’s employee is becoming higher than Vietnam. So, if the quality is better and the salary is lower, I think if I am an investor and the customer, I like the Vietnam more. By the way, the product of China is always rip-off; I really don’t trust the product anymore.
Garments are Vietnamese important and 2nd largest manufactured export items. Garment exports has grown rapidly since the late 80s and early 90s, and expanded dramatically in 2001. The Vietnamese textile and garment industry made significant achievements, thanks to the following mentioned factors and the political stability.
1.Good process equipment are important elements for a competitive textile industry, more important are technological skills and the knowledge which take time to acquire.
2.Two major factors which contribute to Vietnam’s remarkable performance: transition of central planning to an open‐market system and increasing integration between regions and countries.

Conclusion Although the garment is kind of labor intensive. It still needs people to develop a whole great strategy, like Vietnam. The country not only develop the garment well and become 2nd largest manufactured export items. Garment exports has grown rapidly since the late 80s and early 90s, and expanded dramatically in 2001.
The strength:
1. Abundant labor force, wages are relatively low.
2. Political stability, security is relatively good, there is no anti-Chinese troubles.
3. Officially joined the WTO, legal regulations have been improved towards a more transparent, and is based on time- Open services markets and cut tariffs on goods.

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