HONG KONG, June 29th, 2016: Complete Manufacturing and Distribution (CMD), www.completeMAD.com, announces the opening of the company’s Vietnam office in Ho Chi Minh City. To better serve clients globally, this opening marks the latest move in the company’s strategic expansion program, which included the opening of the West Yorkshire, United Kingdom office, earlier this month.
Ho Chi Minh City was ranked sixth in the world by Jones Lang LaSalle’s “Global Top 20 City Momentum Index” report for economy, corporate activity, construction, and more.[i] Vietnam’s 225+ industrial parks, geographic position, and extensive coastline make the country an ideal base for reaching suppliers and customers across Asia.
“With labour costs, overhead, and taxes on the rise in major Asian manufacturing hubs, companies are on the hunt for alternatives,” according to Paul Stepanek, President, CMD. “Vietnam offers a triple win, with access to low-cost labour, trade routes, and free-trade regional suppliers. Early movers will reap the rewards for decades.”
In addition to a core focus on designing, sourcing, and manufacturing initiatives, CMD’s Vietnam office also helps clients with eCommerce, service, and support solutions in strategic Asian markets.
About Complete Manufacturing and Distribution
Complete Manufacturing and Distribution (CMD) is trusted by clients to accelerate results. From development to operation to eCommerce, seasoned experts at CMD help reach goals faster for lasting competitive advantage. CMD serves clients worldwide from offices in China, the United Kingdom, and Vietnam.
[i] Jones Lang LaSalle: 2015 City Momentum Index, Global Top 20, p4.