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Will Vietnam replace China and become the next global manufacturing hub? | From A Business Professor 

Business School 101
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Manufacturing in China has been the synonym for production in Asia for a few decades. However, things are changing. Influenced by China’s increased labor cost, complicated political environment, and strict anti-Covid policy, many multinational companies, including Samsung, Toshiba, Foxconn, Nike, Adidas, Lego, and Hasbro, have either already moved or are planning to move at least part of their manufacturing lines from China to Vietnam. So compared with China, what are Vietnam’s competitive advantages and disadvantages. Will Vietnam become the next global manufacturing hub? In this video, I will discuss these questions with you.

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10 июл 2024

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Комментарии : 51   
@rebeccastanly5478
@rebeccastanly5478 Год назад
I do believe that Vietnam will replace China with leading manufacturers. Great video
@Emilechen
@Emilechen Год назад
there are too many high-tech products China can makes, but Vietnam...
@bryanrivas9394
@bryanrivas9394 7 месяцев назад
I love how this video simplifies the complex topic of manufacturing relocation from China to Vietnam by presenting a clear and concise comparison, utilizing relevant data, and highlighting key advantages and disadvantages. It just makes it so simple for the watcher and to me that is the best way of explaining new information.
@karinaesparza3249
@karinaesparza3249 15 дней назад
I found this video highly interesting! I was not aware of the competitive advantages Vietnam has had over china recently, but I am all for it. I especially find it intriguing because Vietnam has such different economic and size differences compared to China, so to see it catching up with China is very impressive. I enjoyed being able to grasp such a complex topic due to the broken-down and simplified explanations provided in the video. Overall very informative video. Rooting for Vietnam to become the next global manufacturing hub!
@ashlyncastro600
@ashlyncastro600 7 месяцев назад
I think this video did a great job in talking about the advantages and disadvantages in producing in Vietnam or China. It is crazy to think that Vietnam would become bigger than China in manufacturing.
@keilaberenice
@keilaberenice Год назад
Recently, I have seen more of my tags say "Made in Vietnam", and until this video I didn't think anything of it. China has always been THE manufacturing hub, so it's crazy to think that Vietnam may be taking over. I am intrigued as to what all Vietnam can do and how they will compete with China.
@colinpratt7618
@colinpratt7618 2 года назад
I think that, for many large multinational companies it will be a case of China and Vietnam, not China or Vietnam.
@arlethramirez9702
@arlethramirez9702 2 года назад
It is interesting to see that Vietnam is projected to become the next global manufacturing hub. I see that Vietnam has an advantage in labor force cost. I'm sure this factor is appealing to other countries who may be looking for cost efficient work. It was interesting to hear about how China may be experience a labor force gap because of low fertility rates. If China doesn't step up Vietnam could certainly take its place years down the road.
@user-ft1nl4hl6s
@user-ft1nl4hl6s Год назад
IVietnam can't replace China, Vietnam can't even provide enough electricity
@normanlee3401
@normanlee3401 Год назад
This topic is interesting because, till this video, I had not heard much about this. It is interesting to see the advantages and disadvantages of doing business and outsourcing to Vietnam. I had heard about other countries, but I had never imagined that Vietnam would be so advantageous.
@valerieholmes980
@valerieholmes980 Год назад
I find this quite interesting. Because of China's aging society, I can see how easily it could eventually become Vietnam leading the next global manufacturing hub. Going forward I believe there is always room for growth and opportunity for Vietnam. Why should China have all the foreign investments and manufacturing? I think it will be interesting to watcha nd see how China is going to react to all these companies moving their manufacturing plants and whether will they do anything about it?
@kahlilgaleon4240
@kahlilgaleon4240 2 года назад
I certainly find it very interesting to see an analysis of which country will become the next global manufacturing hub. For many economists and politicians alike - at least in the US, China had been the country that most likely would win this title as it is common to have many products distributed nationwide to be "Made in China" regardless of who came up with the idea itself. We see that most multimillion corporations outsource to countries where labor is cheaper, and these manufacturing processes happen most in countries like India, China, Vietnam, and so forth. The video itself focuses on Vietnam's and China's strengths and weaknesses as labor-intensive manufacturing hubs. It's actually intriguing to know that despite Vietnam's smaller size and status as a developing socialist nation, it is quickly becoming a major outsourcing location because of China's 1) increasing labor cost, 2) complicated government environment, and 3) strict Anti-Covid policy that has pushed corporations out and into developing countries. This makes Vietnam a better location for corporations investing most of their resources to earn profits through decreased labor costs, keeping more and losing less. Still, China's larger population might offset the competition given that a majority of corporations still hadn't moved locations despite those three major factors mentioned above.
@kastonmason4193
@kastonmason4193 Год назад
I found this video very interesting especially about how many companies have already moved their manufacturing to Vietnam from china. It feels like everything is made in china.
@dirtdora2499
@dirtdora2499 Год назад
This was an interesting video to watch. In an engineering class I took a few years ago, we learned that overtime, the businesses that are located in China may move away in the future. Finding the next country, that's infrastructure can compete with China, will be important in helping the United States be less dependent to China. As time goes on, I think it will be important for the United States to manage a way for it to become less dependent on other nations. The pandemic showed us that relying on other countries for too much, can causes problems with markets back home.
@harrisonlee9660
@harrisonlee9660 Год назад
This video was very interesting in comparing the advantages each country possesses. It does not surprise me with China's massive scale economy that it would take an immense amount of time for Vietnam to reach their advantage scale.
@NikkiCunningham-yj1lv
@NikkiCunningham-yj1lv Год назад
I find it very interesting that more companies are moving from China to Vietnam. It is hard to believe that in the future China might not be the global manufacturing hub it is today. I did not realize that Samsung, Nike, Adidas, Lego, and Hasbro had already moved their operations. I am very curious to see how companies will continue to react.
@willkuczkowski2401
@willkuczkowski2401 11 месяцев назад
It is so hard to see into the future, that even with the video it is hard to imagine vietnam being a larger manufacturing hub than China, a country significantly larger and with more available resources. I can't wait to see what the future holds
@mireyamaldonado3604
@mireyamaldonado3604 11 месяцев назад
I found this video very interesting as well as informative. I've heard that Vietnam is a good future hub for multinational companies to potentially move. China was the biggest place for these companies to manufacture their products for the longest so it's not surprising that many are trying to find new places to move their factories.
@VinhNguyen-pt1qr
@VinhNguyen-pt1qr 7 месяцев назад
This video shows how a small country in comparison to China can compete to be the next global manufacturing hub. The video shows that China has all the number advantages, but Vietnam has the advantages a smaller country would have. One of these advantages is Vietnam's dynamic workforce which is very benefitable for labor-intensive industries.
@benjaminbuchanan4711
@benjaminbuchanan4711 2 года назад
It is crazy to me to think there could be a country that surpasses china for high level manufacturing. I am part of the generation that sees an item and has full trust that there is a sticker on the bottom reading "made in China". The analysis and data was very interesting and I am curious to see if this data proves to be true and that Vietnam will either surpass China, or become a large manufacturing country along side China.
@hannahbowman4065
@hannahbowman4065 Год назад
China has been the global manufacturing hub for as long as I can remember. Almost every product we see it says"Made in China" on the tag. Through this video, I learned that Vietnam may really be moving up. I have never really considered Vietnam to overtake China in the manufacturing business, but now I think it definitely could be a possibility.
@garretthoneycutt9098
@garretthoneycutt9098 2 года назад
I think this is very interesting and it will be interesting to see which companies go to each country and analyze how those companies specifically benefit from where they decide to manufacture their products.
@spencergregory406
@spencergregory406 Год назад
This video interests in that I now believe Vietnam will take over as the most important manufacturing hub. This will increase tenfold if China were to become involved in the ongoing Russo-Ukrainian War. The same could be said over its claim over Taiwan. The outbreak of war for China would have a huge impact on its exporting to Western countries.
@colbycalhoun5514
@colbycalhoun5514 Год назад
This is an interesting video because China has always been a lead manufacturer as far as my lifetime is considered! Obviously, I have worn a couple shoes, or shirts made in Vietnam. However, I didn't think that they were growing so substantially that China may be out-manufactured by the small asian country of Vietnam.
@paigebanks4038
@paigebanks4038 Год назад
I find this video to be really interesting. The question I find myself asking is that if Vietnam is replacing China, will something eventually replace Vietnam as well. I believe that China being a global manufacturing hub is what led them to eventually not being as of an attractive choice. Being a manufacturing hub aided China’s economic growth, which in turn led to higher wages for its citizens. So I find it very likely that something like this will eventually happen to Vietnam as they further develop.
@haelynstraub4996
@haelynstraub4996 9 месяцев назад
This video caught my attention because for the majority of my life, these brands have been manufactured in China and sent to the U.S. Almost everything consumers buy these days has a label on it saying, "Made in China". I cannot help but wonder if these brands switch to manufacturing in Vietnam, what the relationship between the U.S. and China would be how it would affect the economy. My understanding is Vietnam looks better on paper for these brands to manufacture in, but with China being so far ahead in money, materials, and reputation, it is going to take Vietnam a while to replace China in manufacturing.
@cheyennepage5349
@cheyennepage5349 9 месяцев назад
I think that it is a better move for companies to move from China to Vietnam because it is develpoing. China already has tons on manufacturing companies that pay the wages and are in on the politics. To get a toe in global business start small with small wages, and nearly no political problems.
@zachgulizia628
@zachgulizia628 2 года назад
I think this video is especially interesting because its something I don't really think about. I see made in the Philippines, China, or Vietnam all the time but I haven't considered how different all those countries are and I think making the choice to find the best spot for a business with all the efficiency and synergy choices in a culturally and economically diverse place is an interesting one.
@oscararias5677
@oscararias5677 Год назад
I find it crazy to think that in the future there might a lot of items with the made in Vietnam label on them. I wonder what china will do to move up in the value chain to preserve its economic growth.
@vvanesaviveros
@vvanesaviveros Год назад
I also knew that China was the top manufacturer in the world. After watching this video I learn that maybe Vietnam will over pass China in manufacturing products. This can be a huge news since we also see products made in China
@jasonphillipsjr7785
@jasonphillipsjr7785 Год назад
This is a very eye-opening video towards the potential of what Vietnam could become. It is only time until people become aware of this sleeping giant!
@johnbrookhaven7134
@johnbrookhaven7134 2 года назад
Xiaomi phone is moving to vietnam..Google ,apple too
@cedar2496
@cedar2496 Год назад
The lower labor costs and and growing population will be pretty powerful leverage for Vietnam while China, along with many other industrialized countries in Asia, ages. Developed nations will continue to voraciously demand products like Legos and Shoes, and as labor costs increase in China, that flow of goods will need to find other sources. Vietnam fits that description.
@stormyshelton
@stormyshelton 9 месяцев назад
It is interesting that China's dynamic workforce average age is rising.
@samwolfenstein5239
@samwolfenstein5239 Год назад
I've always heard that Vietnam is an emerging manufacturing hub, but I wasn't aware as to the extent of it- I thought they were primarily making low-cost goods like shirts, basic furniture and other low-tech items, so it's interesting to see that they have serious technological manufacturing capabilities. I think that Vietnam will continue to see substantial gains in that area, especially as they get closer to the United States.
@TCMUSA
@TCMUSA 11 месяцев назад
It was interesting to see this video. China has, in my opinion, been the center of the world's manufacturing for as long as I can recall. Almost every item I encounter has Made in China written on the label. The research and statistics were quite intriguing, and I'm interested to see whether they hold true and Vietnam will either overtake China in manufacturing or join China as a major manufacturing power. At the end of the day, China has always had less expensive manufacturing and labor prices.
@josiah4896
@josiah4896 11 месяцев назад
It's hard to see Vietnam replacing China as a global manufacturing hub unless a major geopolitical event were to affect China's influence on the world stage. One advantage China will likely always hold over Vietnam is a much greater population size. In addition to this, China possesses much more area of land upon which to build factories and infrastructure to support production capabilities. Vietnam is at a great disadvantage in both of these regards, but perhaps their influence relative to China's will grow in the coming years.
@tayseerali9635
@tayseerali9635 Год назад
With all else equal, how significant is the trend of areas with increased birthrates correlate with moving operations to those areas? There are countries with very high birth rates that do not come to mind when considering moving production. I think that an aging population is a significant factor, but when it is in conjunction with other factors such as labor costs, political environment, etc.
@williamrobinson1999
@williamrobinson1999 2 года назад
Everything seems to be produced in China these days, in some form or fashion. From a consumer standpoint, the lower wages keep prices low. The domestic human effect is another viewpoint to consider. I was unaware that Vietnam is becoming threat to Chinese manufacturing. I wonder how China will respond. Will they adjust their practices or move to a more aggressive tactic that will force the world to react?
@benoitazagoh-kouadio8341
@benoitazagoh-kouadio8341 7 месяцев назад
Vietnam is projected to become the next global manufacturing hub due to its low labor force cost advantage, appealing to countries seeking cost-efficient work. China may face a labor force gap due to low fertility rates.
@reaganmiley3554
@reaganmiley3554 Год назад
I thought this video was interesting to me because I had no clue that this was even something that was in the works. I have always thought that china would always be where most products get made but it makes sense why they might want to change that up.
@whzq404
@whzq404 Год назад
Vietnam can't replace china,because population is not enough,It maybe become one small part of manufacture factory in the future.Indian and Mexico and Indonisia also can be part of factory.Those country can together replace some produce in china.
@zoievinson
@zoievinson 7 месяцев назад
After watching this video I still believe that Vietnam cannot catch up to China. China has always been used for production and people don't fix things that are not broken. There is not enough people or resources to support Vietnam being a global manufacturing hub.
@emilycurry6120
@emilycurry6120 Год назад
Why is China the international manufacturing hub
@Smellvin_1
@Smellvin_1 Год назад
could you list a source please I would like to fact check this information
@BusinessSchool101
@BusinessSchool101 Год назад
All references are listed in the end of the video.
@ducdotai2200
@ducdotai2200 Год назад
No lol 😂😂😂
@J-rod_G
@J-rod_G 7 месяцев назад
I thought this video was very interesting. Especially learning how Vietnam is expected to surpass China as the next global manufacturing hub.
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