November 18, 2015.
Vietnam’s attractive electronics industry has been home to electronics giant, Samsung, for some time now and will only get more attractive. Samsung’s three multi-billion dollar factories in the economic hub of Ho Chi Minh City are a testament to Vietnam’s status as a promising and emerging market.
Focused on the research, development, and production of anything from TVs and phones to medical equipment, Samsung is making a large and confident investment in Vietnam. The market has only gotten better this year with $10 billion of direct foreign investment being funneled into the Vietnamese electronic industry by industry leaders like Panasonic, Intel, Foxconn, and LG who are looking to capitalize on the opportunities in Vietnam.
In addition to cheaper labor, many of these large electronics conglomerates will benefit from the tax incentives brought on by trade agreements like the Trans-Pacific Partnership (TPP).
Louie Nguyen, CFA is the CIO of San Diego-based Soledad Investment Management. Soledad invests qualified clients’ assets in markets around the world, including Vietnam.