Since the breakout of the Covid-19 pandemic, it hasn’t gotten any easier for enterprises to answer the questions: What they should purchase under such special circumstances, and where they should establish their supply chain? According to Cushman&Wakefield’s 2021 Global Manufacturing Risk Index made an evaluation about where are fertile soils to breed the global manufacturing industry in over 40 countries and areas in Europe, the Americas and the ACAP.
Based on the report, the countries are assessed by the following four essential dimensions:
“Bounce Back: Projected ability to restart manufacturing operations as vaccines are rolled out and business begins to return to normal
Conditions: Business environment, including the availability of talent/labor and access to markets
Costs: Operating costs including labor, electricity and real estate
Risks: Political, economic and environmental.”
For the APAC region, Vietnam has attracted a great deal of attention from overseas investors in recent years. Hinged on a valid source from some Vietnamese official agency nearly, it said that Vietnam attracted more than 16 billion USD in the first half of this year, of which the investment in the manufacturing industry accounted for 63% of the whole portfolio, equal to $8.84 billion. Up to now, Vietnamese manufacturing has absorbed foreign capital of more than $250 billion. In light of its open market, advantageous location and abundant and cheap labor, Vietnam is increasingly favored by the global manufacturing industry. Investors from China, Japan, South Korea and Singapore expand their markets there in flocks.