In today's growing manufacturing market, many of our favorite brands are switching their manufacturing base from the typical hub of China to the now growing Vietnam. The continued growth and leading stance of Vietnam have meant that not only is the popularity of Vietnamese brand awareness on the rise, but also the choice for famous brands and companies to choose Vietnamese cities as their hub of manufacturing due to increased potential and consumer recognition.
The high-ranking PC and laptop company Intel has much faith in the growth and performance of Vietnam, with the show of regular investment of $475 million towards Vietnam's production of 5G products and other high technology supplies.
Furthermore, of all of Intel's global production sites across the globe, Vietnam is home to the largest assembly and test site which is situated near Ho Chi Minh City.
Website: https://www.intc.com
Source: Intel Vietnam
Samsung is another example of a leading brand that utilizes the expanding demographic of the Vietnamese market. Two of Samsung's manufacturing plants are also based near Ho Chi Minh City, and up to 50% of the company's phones are produced at these allocated venues.
In turn, Samsung has taken the role of closing many of its hubs in China, meaning Vietnam will slowly and surely become the largest manufacturing base for the company.
Source: Samsung Vietnam
In relation to this, Samsung also confirmed that they would be opening another manufacturing hub in Vietnam, alongside a factory in Ho Chi Minh City for the production of items such as televisions and air conditioning units.
The investment into Vietnam is also expanded through the company's plans to relocate its major research and development center to the country, which would therefore make Vietnam the home of the largest R&D center for the company in South East Asia.
Website: https://www.samsung.com
Read more: How does Samsung Vietnam take care of its employee - vietnamplus.vn
Source: Samsung Vietnam
The zero-waste clothing brand Everlane is also broadening its horizons to Vietnam, so much so that exactly 100% of its suppliers are based in the country which shows heightened investment.
To add to this, Everlane itself as a company boat of its Vietnamese connections which shows pride and optimism in terms of the investing market. This can serve as an added advantage through the added appeal to likewise consumers such as Vietnamese people and enterprises.
Website: https://www.everlane.com
Vietnam is home to 76 Adidas factories and is responsible for being the country with the largest workforce and supply chain producing the brand's products. 200,000 workers make up the manufacturing hubs in Vietnam, in which 44% of Adidas' shoes and boots were made.
In Vietnam, just some of the Adidas's supplying Vietnamese brands are as followed:
● Starite International
● United Sweethearts Garment
● Vietnam Elite Global Footwear Manufacturing Company Limited
● Eclipse Polymers
● Formosa Textile
Website: https://www.adidas.com
Source: NhipCauDautu Magazine
In today's markets, apart from accessories, Vietnam holds the majority when it comes to the production of The North Face apparel and clothing which is a massive win for Vietnamese brands who supply such manufacturing.
In relation to this, Vietnam also boasts a total of 57% when it comes to the production of the brand's items, which is far ahead of other countries such as Indonesia, Bangladesh, Jordan, and other related countries. This serves as a majority and is another reason why it is proven that the Vietnamese market is the place to be for growth and investment in product production.
To conclude here, the Vietnamese market is an ever-growing and expanding place which is appealing more and more each day to successful brands and business owners. The potential to invest is beginning to outweigh even popular enterprises such as China, which we see with the closer of many Samsung hubs in the country.
Source: The North Face
Vietnamese brands and manufacturers are greatly reaping the rewards of such a switch in the perception of its manufacturing sector and hold great hope for local and global businesses in the future.
Vietnam holds hope for a booming sector also in the upcoming years, as global brands turn their heads toward this hopeful and expanding country.
Website: https://www.thenorthface.com
Referring to foreign corporations in Vietnam, you cannot ignore Panasonic - a very familiar name. Panasonic Vietnam Co., Ltd was established in November 2005, is one of 7 companies under the Panasonic group.
Panasonic produces a wide range of products from leather goods and kitchenware to home entertainment devices.
After nearly 20 years since its official presence in the Vietnamese market, Panasonic Vietnam Co., Ltd. has left an indelible mark. In particular, familiar items and utensils are always present in every Vietnamese family.
On September 29, Panasonic Corporation of Japan said that it has just inaugurated a new factory producing indoor air quality (IAQ) equipment in Binh Duong province, becoming the first factory in this field of the company in Vietnam.
Website: https://www.panasonic.com
Source: Panasonic
In 1995, Unilever first set foot in Vietnam and 27 years later, it has become one of the familiar "companions" of many generations of Vietnamese people.
Items that play an essential role in daily life can be mentioned as Lifebuoy soap, Omo washing powder or Sunsilk shampoo, etc. These are probably names that are not too unfamiliar to us since childhood.
For nearly 30 years of establishment and development in Vietnam, Unilever has affirmed its position and importance here.
Website: https://www.unilever.com
Source: Solution.com.vn
Canon is a famous camera brand in the world. Canon products have been present in Vietnam since the early 1980s through authorized distributors.
During the years of presence in Vietnam, Canon has marked its active presence with the establishment of Canon Marketing Vietnam and 04 factories in industrial zones:
• Thang Long – Hanoi
• Que Vo – Bac Ninh
• Tien Son – Bac Ninh
• Pho Noi – Hung Yen
Currently, along with the expansion of the business, Canon has more than 300 dealers in the Vietnam market.
Website: https://global.canon
Source: Flycam Vietnam
Read more:
>> Where to find Vietnam manufacturers?
>> Vietnam Inland Waterway: The Best Way To Ship Domestically?