When Japan and China tensions erupted last year, there was a sudden interest from Japan to have fallback capacity in Vietnam.
More Quotes from Frederick Burke:
If you're exporting, you're almost in a quarantined area from the economy and the legal system. Selling domestically, there's a lot of red tape, distribution is controlled, and there are obstacles in promotion and advertising and getting the products to market.Frederick Burke
Vietnam is becoming more transparent, and decision-making is more accountable.
Frederick Burke
Taiwan has a huge a mount in Vietnam due to cultural affinities and concern about overdependence on China.
Frederick Burke
Most companies already have manufacturing in China, and you don't want all your eggs in one basket. That's the strategic mentality we're seeing more often than not across industries.
Frederick Burke
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