Due to the on-going US-China trade war and increasing prices in China, Vietnam has been red hot in recent years. Across the board, manufacturing, sourcing, and exports are on the rise in this tiny country to China’s south. Specifically, Vietnam is known for their garments, textiles, wood furniture, and pottery. New to the list are cell phones, electronics, and solar panels. Vietnam has been attracting a lot of foreign direct investment (FDI), however, is it all roses?
In this video, I discuss my two years experience sourcing in Vietnam, from outdoor products, tools and machinery. What are the pros and cons? What is Vietnam good at and not so good at? Finally, what are the upcoming challenges and threats, despite the opportunities?