About this White Paper:

Vietnam has emerged as a leader for outsourced manufacturing among southeast
Asian nations due to its exceptional cost competitiveness and consistent high
quality.

Vietnam’s location — adjacent to established supply chains across the
border it shares with China — provides original equipment manufacturers (OEMs)
with alternative sourcing as the costs of doing business in China escalate. Hourly
labor rates in Vietnam are significantly lower than other nearby countries; and
the nation has implemented strict laws and regulations to protect the intellectual
property of foreign companies. The marketplace and political conditions together
have enabled Vietnam to sustain the highest economic growth rate in the world
since 2000.

Understanding Vietnam’s unique financial advantages can help OEMs
that outsource manufacturing to achieve a lower total cost of ownership that fuels
higher profits and growth.