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Atlanta manufacturers to explore Vietnam after TPP announcement

To recruit firms eager to capitalise on the country’s manufacturing momentum, a state-owned Vietnamese industrial park manager is visiting Atlanta.

A North American road show is being put up by the US office of Becamex IDC Corp., which owns 20 industrial parks across Vietnam including a well-known joint venture with the Singaporean government north of Ho Chi Minh City. The road show will make a stop in Atlanta on October 26, 2015.

The informational event is to be held at the Metro Atlanta Chamber. It includes one-on-one meetings with Becamex representatives, who will share about the advantages of using an industrial park to tap into Vietnam’s low labour costs. Besides, testimonials will be provided by local companies about their experiences in the country.

Vietnam’s fortunes are expected to improve further under the Trans-Pacific Partnership (TPP), a 12-country deal finalised a few weeks ago in Atlanta that still requires approval by all partner nations. Vietnam already has under its belt American brands such as Gap Inc., Intel Corp., and General Electric, among others. The pact would remove tariffs on almost all products shipped between those countries and some would be phased out over time.

Bill Dao, head of Becamex’s Washington state office said that they chose Atlanta as it has a lot of small and medium-sized manufacturing companies. They focus on SMEs as this sector is very active—they’re smart and take action more quickly than the multinationals and big companies, Dao added.

The October 26 event will include garment and shoe, electronics, machinery, home appliances, food and beverage and many more manufacturing industries.

 

Became.com.vn

 
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