As you know from our previous blogs, Vietnam is steadily making headway in the manufacturing industry. More and more companies are turning to Vietnam instead of traditional manufacturing hubs such as China due to social, geographical and economic reasons. The country is rapidly developing economically and through its infrastructure with a new subway system in Ho Chi Minh City and new highways across the country.
Read More5 Reasons you should Source Backpacks from Vietnam
In the past few years more and more companies are starting to see Vietnam as a leading manufacturer, with recent reports showing that big US brands such as Nike and Adidas are moving away from China in favour of Vietnam. China has traditionally been the top choice for companies seeking to outsource their manufacturing.
Read MoreWhy China is Losing it’s Throne in the Manufacturing Industry
The global manufacturing industry is changing. There is no doubt that China is still a huge figure, but its dominant status is shifting. Competition has been growing steadily across the world as more countries are investing in their own industries. Many other countries, notably Vietnam, are capitalizing on their geographical position and young/skilled labor to further develop their own manufacturing infrastructure, priming themselves for future growth.
Read MoreDifferences Between Sourcing in Vietnam vs. China
China has been a dominant force in the world of manufacturing for decades. However, as China has continued to develop, companies are starting to move away from sourcing from them. There are many countries perceived to be on the path to becoming the “new China.” Sourcing from Vietnam, for example, is becoming increasingly attractive due to their significantly lower wages.
Read MoreCompetitive Advantages of Sourcing through Kowide Outdoors
For those of you who aren’t familiar with us, we are a top custom backpack manufacturer as well as woven apparel manufacturer from Vietnam. We specialize in manufacturing down jackets, travel bags, and other specialty bags. A certified ISO 9001 company, we have been one of the leading bag manufacturers of Vietnam for over 30 years and have a strong global export base.
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