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Vietnam sees industry expansion beyond Ho Chi Minh City and Hanoi

by Deepak Mohindra

18-July-2019  |  4 mins read

AOV July

As I am writing this editorial piece, my team has just come back from a visit to Ho Chi Minh City, after meeting some of the industry experts. They are really excited with the positivity that is evident in the country, and industry insiders are very confident that recent developments – both in direct relation to Vietnam like the FTA with the EU and the trade uncertainties as Trump continues on his path to stop China, will impact business in the country.

The team also had plans to visit DaNang in the central part of the country to attend the Vietnam Textile Summit, but the back-to-back meetings in HCM City did not permit the same. The excitement to visit DaNang was as much about visiting the city as it was about attending the event.

There are so many cities yet to be explored in the country as Vietnam is no longer limited to Ho Chi Minh City and Hanoi. In fact, many companies that the team visited this time are either contemplating setting up factories in new areas, mostly for cost benefit or they are already running factories in the area.

In the cover story of our current issue, we have explored some of the prominent cities in the country, which have over the years attracted many garment companies and yet have not been able to get the same recognition that Ho Chi Minh City and Hanoi have got.

Few issues back, we had spoken about Nam Dinh’s slow and steady growth as an apparel hub and how Government needs to be proactive in helping the city get back its lost days of glory, I remember the readers telling us how there were more such ‘forgotten’ or ‘emerging hubs’ that deserved attention.

So, it was indeed a delight to see my team come out with this detailed piece wherein we have discussed what is bringing investors to cities like Hải Dương, Thái Bình, Hai Phong and some other cities despite all the challenges that these cities have been facing.

I must say that the northern part of the country is fast becoming a hot favourite with lots of foreign investors, especially the Chinese investors, probably because of the region’s proximity to China; and what is noteworthy is that northern Vietnam is no longer just about Hanoi, it is about other cities as well. I am eagerly looking forward to the response from the readers and subscribers for this story.

The issue also talks about the brand Eddie Bauer’s endeavour to ensure high productivity and high quality, which has today helped the international brand become a force to reckon with in Vietnam as well. The brand has been in the country for over 25 years now and has its links with nearly 14 factories in the cities of Ho Chi Minh and Hanoi. It was indeed a pleasure meeting the Regional Country Manager to know his vision for the company.

Meanwhile, the team in its recent visit met some new apparel exporters and experts and got a fair idea about the direction towards which the industry in Vietnam is headed and how 2019 has been so far for the industry!

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