Numerous Furniture Companies Moved from Indonesia to Vietnam



Since early 2015, there were 6 foreign furniture companies moved their factories from Indonesia to Vietnam.

There is a large furniture company invested by Taiwan in Sidoarjo – East Java has decided to move their factory to Vietnam. This company was started dismantling and will move in early 2016.

Companies from Taiwan have been operating for 3 years in Indonesia then want to switch to manufacturing in Vietnam because of the labor cost and the minimum wage. The minimum wage in Vietnam has increased by 150% in the past 3 years. After considering the costs, they decided to move to Vietnam to operate more efficiently. Moreover, manufacturing in Vietnam is 35% more efficient than in Indonesia.

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Navigating the Legal Landscape in the Absence of Debt Collection Agencies in Vietnam

Hình ảnh
In the unique financial landscape of Vietnam, where the establishment of debt collection agencies is not permissible by law, navigating debt recovery poses a significant challenge. The absence of debt collection agencies in Vietnam has led businesses and financial institutions to seek alternative methods for managing and recovering debts. Understanding these alternatives is crucial in a country where traditional debt collection agencies in Vietnam are not an option. The Regulatory Context of Debt Collection Agencies in Vietnam Vietnam’s legal framework does not accommodate the operation of debt collection agencies in Vietnam in the way many other countries do. This regulatory stance necessitates exploring different avenues for debt recovery, as traditional debt collection agencies in Vietnam are not a feasible solution. This unique situation calls for innovative and legal approaches to debt recovery, making the understanding of the alternatives to debt collection agencies in Vietnam v...
Đọc thêm

Japanese Companies Invest in The Environmental Sector in Vietnam

Hình ảnh
  With the partnership with Biwase, JFE Engineering hopes to gain more orders, including projects to expand Biwase’s existing plants and construct waste treatment plants. JFE Engineering Japan has just spent 900 million yen (8.6 million USD) to invest in Vietnam. The Company purchase 3.87% stake in Binh Duong Water and Environment  Joint Stock Company  (Biwase). This is one of the steps of JFE Engineering to tap into the demand for water treatment facilities in Vietnam. JFE Engineering has participated in a tender to build two wastewater treatment plants in Vietnam. Both factories use Japan’s official development assistance (ODA) capital. According to Nikkei Asia, with the cooperation with Biwase – the unit that are operating 8 water treatment plants and one waste treatment plant in Binh Duong province, JFE Engineering hopes to have more orders, including projects to expand Biwase’s existing factories and construct waste treatment and recycling plants. JFE Engineering pla...
Đọc thêm

How to Terminate the Employment Contracts Due to Economic Reasons?

Hình ảnh
Termination of a labor contract is an event that terminates the employment relationship between the employee and the employer. This event might lead to labour disputes. The employer and the employee could consult with lawyers at an employment dispute law firm in Vietnam for advice and representation. What cases of labour contract termination in Vietnam? In particular, there are many cases of termination of labour contracts such as the labour contract expires, the work stated in the labour contract has been completed, both parties agree to terminate the labour contract, the employer lays off the employee due to structural or technological changes or because of economic reasons, merger, consolidation or division of the enterprise or cooperative,… Steps taken to terminate labour contract due to economic reasons In case more than one employee faces the risk of unemployment for economic reasons, the employer shall propose and implement a labor utilization plan in accordance with labour co...
Đọc thêm