AHK Vietnam - Delegation of the German Industry and Commerce in Vietnam’s Post

𝐖𝐇𝐘 𝐕𝐈𝐄𝐓𝐍𝐀𝐌? Vietnam is rapidly becoming a top choice for global businesses looking to diversify their supply chains and capitalize on competitive manufacturing advantages. With its robust economic growth, favorable trade agreements, and an increasingly skilled workforce, Vietnam offers compelling reasons for companies to consider it as a sourcing destination: - Stable political environment and strong commitment of government to country's growth. - Vietnam has competitive operating costs compared to other Asian countries. - Workforce: young, high literate, willing to learn. - Better in protecting intellectual property (IP - patents, trademark, etc.). - Strong work ethic and high commitment to quality. - Working conditions and social welfares are judged to better than other cheap-labor countries in Asia. - Easy to access to deep seaports. - Available small to large production runs. - Favorable trade polices: AFTA, ACFTA, AKFTA, AJCEP, VJEPA, AANZFTA, CVFTA, VKFTA, VEAEU, AHKFTA, UKVFTA, EVFTA, BTA, a member of WTO, RCEPT, and CPTPP. - More factories have migrated out of China and into Vietnam recently, and the tendency is forecasted to be continuously increased. #mekodexim #mekodeximvietnam #mekongsourcing #exportsuccess #globaltrade #exportgoals #worldwideshipping #exportingbusiness #internationaltrade #globalmarket #sourcingservice #b2b #tradeacrossborders #exporthub #exportingmadeeasy #exportinginnovation #exportprofessionals #wholesale #sourcingfromvietnam #supplieridentification #productcosting #purchasingnegotiation #shipmentconsolidation #supplychain #qualitycontrol #vietnamesesupplier #vietnamesefactory #importexport #sourcingagent

Having traded internationally over many years from both the UK & Asia, I understand the diverse challenges businesses face across borders. To me, empathy is one of the most important traits in life & business. To understand things from both sides helps us to deal with situations better. I know when I first moved to Asia, it took quite some time to adapt to life here. Language can be an issue, but the main challenge was the cultural differences, how things are done & how people see things differently. I’m reaching out to international buyers sourcing from Vietnam to share their experiences & issues. Whether you’re already buying or considering it, your insights are invaluable. As an association with over 800 producers & exporters, we have the perfect platform to address some of the challenges & help bridge some gaps to ensure smoother long term opportunities for buyers & suppliers. Our main objective is to help develop long term partnerships between our members & international companies seeking to showcase the exquisite craftsmanship of Vietnam’s finest products. So I hope to hear from anybody who is open to sharing their experiences & insights , as understanding various perspectives is invaluable for fostering smoother trade relations. #vietnamsourcing

25th May, 2024: Promoting Port de Barcelona by attending the Global logistics cooperation conference by OLO in Ho Chi Minh, Vietnam. The congress attracted attendees of over 700 logistics enterprises from more than 70 countries and regions around the world. Over the past decade, Vietnam's national GDP has consistently registered an impressive average growth rate of above 6.9%. In 2022, this record was shattered with an unprecedented high of 8.02%, attributed to the country's robust economic momentum and vast market potential. It is therefore no surprise that Vietnam has emerged as one of the most alluring emerging markets worldwide. Amidst the rapid industrialization and exponential economic growth, foreign direct investment (FDI) in Vietnam has grown by a remarkable compound annual growth rate of 6.4% from 2015 to 2022. With increasing investments pouring in from all corners of the globe, Vietnam has emerged as a prime destination for global manufacturing, import and export trade, creating rare development opportunities for the international logistics industry.

🏗️ Enhancing the Role of Localities in Supporting Industry Development 🌟 Localities with significant potential for supporting industry development are taking proactive steps to support businesses and integrate them into global production chains. 🔍 Key Insights: - Government Support: Recent policies such as Decree No. 111/2015/ND-CP and Decision No. 68/QD-TTg have positively impacted the supporting industry, increasing the autonomy of various sectors, including textiles, garments, and automotive. - Local Initiatives: Cities like Hanoi, Ho Chi Minh City, Thai Nguyen, Bac Ninh, Bac Giang, and Hai Phong are issuing their own policies to support local businesses. For example, Ho Chi Minh City has introduced interest rate subsidies for priority investment projects (Decision No. 42/2024/QD-UBND). 📈 Industry Growth: - Quality and Quantity: Vietnamese supporting industry enterprises have improved significantly. From over 300 ISO/TS 16949 certified companies, the number has grown to more than 500. Companies are now producing higher technology components, including stamping and forging. - Export Success: KIMSEN Industrial Joint Stock Company, for instance, supplies products to multinational corporations and FDI companies, with 50% of its output going to direct export activities and domestic FDI enterprises. 🔧 Challenges & Solutions: - Localization: There's a need for higher localization rates and better policy implementation. The Ministry of Industry and Trade is proposing policies to enhance market creation, build industry clusters, and support businesses with credit. - Coordination: Increased coordination between the Ministry, localities, and large enterprises is essential for further developing supporting industries. The proactive measures taken by localities are vital in fostering a robust supporting industry sector and enhancing Vietnam's position in the global market. #SupportingIndustries #LocalDevelopment #VietnamEconomy #IndustryGrowth #FDI #PolicySupport #Manufacturing #TradeInt #BKE #BrianKnowExim

In today's #IndustryNews: "Supply chain shifts to drive more manufacturing to Southeast Asia" 🗞️ Countries like Malaysia are emerging as key beneficiaries of the "China+1" strategy, where companies add manufacturing bases outside China to reduce reliance on a single country. The article adds that China's dominance in manufacturing FDI is declining, as Southeast Asia sees faster FDI growth. Malaysia’s legal system, multilingual workforce, and proximity to suppliers enhance its appeal. Keep reading: https://lnkd.in/gkq6Xmup Looking to expand your supply chains into Southeast Asia? Contact Mosaic International for expert guidance and support today! 🌏 +44 (0) 7885 784783 #SupplyChain #Manufacturing #BusinessExpansion #CreatingSupplyChains #SupplierAuditing #SoutheastAsia #InternationalTrade #UK #CPTPP #RCEP #EU #Asia #Business #MosaicInternational RETalk Asia

𝗛𝗮𝗽𝗽𝘆 𝗩𝗶𝗲𝘁𝗻𝗮𝗺 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗱𝗮𝘆! 🚢 𝗩𝗶𝗲𝘁𝗻𝗮𝗺'𝘀 𝗦𝗵𝗶𝗽𝗽𝗶𝗻𝗴 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆: 𝗞𝗲𝘆 𝗙𝗮𝗰𝘁𝘀 𝗳𝗼𝗿 𝗨𝗞 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 🌏 Thinking about manufacturing or sourcing from Vietnam? Here’s why its shipping industry is a game-changer: • 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: Vietnam’s 3,260 km coastline is a gateway to major global trade routes. • 𝗠𝗼𝗱𝗲𝗿𝗻 𝗣𝗼𝗿𝘁𝘀: With hubs like Ho Chi Minh, Hai Phong & Cai Mep-Thi Vai, Vietnam is an ASEAN leader in container traffic. • 𝗥𝗶𝘀𝗶𝗻𝗴 𝗧𝗵𝗿𝗼𝘂𝗴𝗵𝗽𝘂𝘁:  Booming exports, driven by FTAs like CPTPP & EVFTA, are making Vietnam a manufacturing powerhouse. The country's exports are increasingly shipped worldwide, especially to markets in the U.S., Europe, and Japan. • 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 𝗛𝘂𝗯: Vietnam’s shipbuilding and robust inland waterways support seamless supply chain integration. • 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲: The shipping industry in Vietnam demonstrated resilience during the COVID-19 pandemic. While global shipping faced disruptions, Vietnam managed to maintain and even increase its export volumes, benefiting from the shift in global supply chains away from China. Navigating global trade? Vietnam’s shipping industry has you covered. 🚀 Get in touch to find out more: 📩GFulcher@cargo-overseas.com 📲07450 140281 #Vietnam #GlobalTrade #ShippingIndustry #SupplyChain #VietnamNationalDay #Shipping #Import #Ecommerce

📢 Launched - #3rdPurchasingInitiativeASEAN! 👉 The next 3 weeks daily B2B meetings between German companies and potential partners in Asias booming region 🌎 From SMEs to corporations - from metal to electronics #diversification #sourcing #local4local With more than 25 German companies and 🔝over 90 selected suppliers, the Bundesverband Materialwirtschaft, Einkauf und Logistik e.V. (BME) is once again creating qualified market access with its Deutsche Auslandshandelskammern (AHK) partners in 7 countries. The #Purchasing Initiative #ASEAN is part of the #MEP progam of Bundesministerium für Wirtschaft und Klimaschutz and Germany Trade & Invest Thanks to our Partners: AHK Vietnam - Delegation of the German Industry and Commerce in Vietnam, Malaysian-German Chamber of Commerce and Industry | AHK Malaysia, German-Thai Chamber of Commerce (GTCC) / AHK Thailand, German-Philippine Chamber of Commerce and Industry, Inc. (GPCCI / AHK Philippinen) and EKONID (AHK Indonesien) incl. of partners i.e. Malaysia External Trade Development Corporation (MATRADE), OAV - German Asia-Pacific Business Association

Vietnam is increasingly chosen by international businesses thanks to its many outstanding competitive advantages. As a bridge, Asia-agent will show you those advantages First, reasonable labor costs, combined with a young, highly skilled workforce and a hard-working attitude, help factories in Vietnam meet the strict requirements of the global market. Next, the Vietnamese Government also plays an important role in promoting investment through preferential tax policies and active participation in many free trade agreements (FTAs). These not only create a favorable business environment but also expand access to large markets such as the EU, the US and Japan. In addition, with its strategic geographical location in Southeast Asia and the continuous improvement of the infrastructure system, Vietnam has become an ideal manufacturing hub for businesses looking for efficient and sustainable solutions. At Asia-Agent, we pride ourselves on being a trusted bridge, helping international customers maximize these advantages when cooperating with leading factories in Vietnam. Book us: https://lnkd.in/dxUrvy8V #AsiaAgent #AsiaAgentPteLtd #SupplyChain #AsiaMarket #B2B

As the Founder of the Indonesian Export Channel, I believe this expo serves as a powerful bridge, fostering meaningful connections and unlocking new avenues in international trade. Together, we can showcase the immense potential Indonesia holds and work toward sustainable, impactful growth in the global market. Looking forward to connecting with industry pioneers, learning from each of you, and exploring new opportunities for collaboration. Let’s make the most of this incredible platform and work toward a brighter future for Indonesian exports! #TradeExpoIndonesia #IndonesianExportChannel #InternationalTrade #GlobalMarkets

What makes Vietnam an emerging choice for manufacturers? In this clip, Benjamin Unruh explains why Vietnam is becoming a key destination for multinationals, highlighting its cost advantages and unique logistical challenges. I add that having a strong local team is critical for overcoming language barriers and ensuring smooth operations. To watch the full conversation – also featuring Alex Chiu from Maesot Heavy Industries – on the Align Manufacturing website, click here: https://lnkd.in/gW-MTEQd