Driven by the lowest rate of car ownership among Southeast Asian peers, the advantages from numerous current and potential free trade agreements, the ongoing US – China trade war and the Government’s success in containing the COVID-19, Vietnam’s automobile industry is expected to expand rapidly.
Economic growth, political stability and geographic and labor advantages will certainly help Vietnam to be an essential partner and market in Southeast Asia within the next decade.
When choosing to move part of their production line out of China to minimize risks, most of the world's leading CCE manufacturing companies choose Vietnam as a priority thanks to its geographical advantages, qualifications, and attractive domestic market.
Biggest greatest advantages of establishing electrical equipment (EE) factories in Vietnam is the growing domestic demand while domestic production capability is limited.
The following article will provide readers insight about different industrial zones in Binh Duong, the province’s favorable geographic conditions and the location of different BW projects in this industrial hotspot.
As reported by Ministry of Planning and Investment, Vietnam has 260 active industrial parks in three key economic zones, including the NKEZ (Northern Key Economic Zones), CKEZ (Central Key Economic Zones) and SKEZ (Southern Key Economic Zones).
