The global manufacturing landscape is undergoing a significant transformation. For decades, China has been the world's manufacturing powerhouse, but a confluence of factors is prompting businesses to explore alternative sourcing destinations. The concept of "China + 1" has emerged as a strategic approach to diversify supply chains and mitigate risks. In this context, Vietnam has emerged as the leading contender, offering a compelling proposition for manufacturers seeking to relocate or expand their operations.

Vietnam has emerged as a dynamic and competitive exporter to the UK and European Union markets. With a favorable business environment, a skilled workforce, and a strategic geographic location, Vietnam offers numerous advantages for businesses looking to tap into the vast consumer markets of the UK and Europe.

Free Trade Agreements (FTAs) have become increasingly important in the global economy. These agreements aim to reduce or eliminate tariffs, quotas, and other trade barriers between countries. By facilitating the exchange of goods and services, FTAs can boost economic growth, create jobs, and improve living standards. This blog explores the benefits of FTAs by examining the EU-Vietnam Free Trade Agreement (EVFTA) and the UK-Vietnam Free Trade Agreement (UKVFTA).

Selecting the right manufacturer is a cornerstone of successful exporting. A reliable and efficient manufacturer can significantly impact product quality, delivery times, and overall profitability. However, identifying the best manufacturer can be a daunting task, especially for businesses new to global sourcing.