13 April 2008

Vietnam the new Promised Land

With rising labor costs in China and a reduction of tax incentives, Taiwanese companies are increasingly looking to other places to setup manufacturing plants. CENS reports that most large Taiwanese EMS (Electronic Manufacturing Services) are moving to Vietnam where labor costs are 40% to 50% lower than in China. These companies inlcude Hon Hai Group, Compal Electronics Inc. and Wistron Corp., who, according to CENS, "have gradually moved to build production plants there, according to company sources."

(Article Link: Taiwan`s Leading EMS Makers Move to Set up Production Lines in Vietnam)

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