Vietnam

MAXAM Group in Vietnam

Vietnam has emerged as a key alternative manufacturing destination, with strong government support for FDI and a young, skilled workforce. MAXAM Group supports European companies relocating or diversifying from China.

Market overview

Vietnam at a glance

6.8%

GDP Growth (2024)

$36B

FDI Inflow

40+

MAXAM Projects

5

Years Present

Our presence

MAXAM Offices

Ho Chi Minh City

Saigon Centre Tower 2, 67 Le Loi Street, Ben Nghe

Why invest here

Key Advantages

China+1 Strategy

Ideal for supply chain diversification away from single-country concentration risk.

Young Workforce

Average age of 31, with strong technical education in electronics and textiles.

FTA Network

Access to preferential tariffs through EVFTA, CPTPP, and RCEP agreements.

SEZ Infrastructure

Modern industrial parks with plug-and-play utilities in all major clusters.

In practice

Case Study from this region

Furniture & Bedding ComponentsVietnam / China

The Inspection Line They Had Been Priced Out Of: AI Quality Control for a Vietnamese Foam Manufacturer

A mid-sized manufacturer of foam cores and mattress components in the Hanoi-Hai Phong industrial corridor of northern Vietnam, supplying both domestic Vietnamese bedding brands and export customers in Western Europe. Like many manufacturers that expanded production in Vietnam as part of a broader China+1 diversification strategy, the company had grown quickly on competitive labour costs and improving logistics infrastructure — but its quality control had not kept pace with that growth. Checking for density consistency, surface defects, seam alignment and material contamination was performed almost entirely by visual inspection from line workers. As volumes grew and the company took on more European clients with stricter defect-rate tolerances and documentation requirements, three problems became increasingly costly: inconsistent defect detection, particularly for the subtle density and compression variances that are difficult for the human eye to catch reliably across a full shift; rising rework and return rates from European buyers, some of whom had begun requesting batch-level quality documentation the company could not easily produce; and a tightening local labour market for trained quality inspectors, with turnover making it difficult to hold a consistent grading standard over time. The company had explored automation but hit a familiar obstacle — quotes from established European and North American machine-vision integrators for a customised inspection line sat well above what the investment case could justify at its scale, with a payback period too long to win board approval.

Automated inspection at a fraction of Western quotes

Read the full case study →
Need to know

Practical Information

Regulatory Overview

  • Local business entity requirements and registration process
  • Import/export regulations and customs documentation
  • Labor law, employment contracts, and social contributions
  • Environmental compliance and industrial permitting

Logistics Overview

  • Main sea ports and container terminal capacities
  • Road and rail freight corridors to key markets
  • Bonded warehouse and free trade zone availability
  • Average transit times to Western European markets
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