Vietnam is becoming more transparent, and decision-making is more accountable.
Taiwan has a huge a mount in Vietnam due to cultural affinities and concern about overdependence on China.
When Japan and China tensions erupted last year, there was a sudden interest from Japan to have fallback capacity in Vietnam.
The experience of clients in [industrial park] zones has been quite professional. The authorities are hitting a relatively high standard, and it's much easier to get things done.
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.
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.
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