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Why Vietnam?

Vietnam offers outstanding business opportunities with key advantages over rival Asian countries:

1

Vietnam maintains some of the lowest labor rates in the world (lower than China).

2

Normal Trade Relations with Vietnam (NTR, formerly known as Most Favored Nation status), resulted in numerous U.S. companies diversifying their manufacturing operations from China, who have had significant tariffs imposed for anti-competitive dumping practices.
3
 U.S. direct foreign investment in Vietnam topped $1 billion in 2004, representing over 140 projects (100% foreign investment licenses are available in most manufacturing sectors).

4

Most factories in Vietnam do not require large volume orders and produce higher quality products as compared to other Asian countries.

5

Vietnam has a GDP growth rate of 7.5% annually (population of 84 million with a 95% literacy rate).

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Press Releases

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Vietnam's market represents a great opportunity for U.S. companies, visit "Business Mission to Vietnam" for more information.

Vietnam's exports of wood products soar to record levels, read "FORDAQ" to learn more.

Vietnam is a new member of the WTO, visit “World Trade Organization - Vietnam” for more information.

Vietnam has many competitive manufacturing advantages over China, download PDF file "Still made in China?" to learn more.
® Rossignol Sourcing 2008.