COMPETITIVENESS FROM INDUSTRIAL CLUSTERS IN VIETNAM

By sharing resources, infrastructure, and services among units within the industrial cluster, businesses can optimize costs in production, logistics, and distribution, while also accessing technology and support services without requiring substantial investment.

🔹Thanks to the tight connections within an ecosystem, businesses can leverage collective strength to expand their markets and connect with a larger network of partners and customers, thereby increasing business efficiency and quickly responding to market changes.

🔹The industrial cluster environment fosters knowledge-sharing and innovation, serving as a springboard for technological breakthroughs and new products. As a result, industrial clusters often attract high-quality talent because they offer dynamic, creative working environments with ample development opportunities.

🔹Recognizing industrial clusters as a driving force for promoting local and national economies, the government is supporting incentive policies and encouraging investment in these clusters. Additionally, the investment appeal of industrial clusters helps attract more FDI, facilitating entry into global supply chains.

👉In Vietnam, Western Pacific Group is developing the Logistic Industrial Cluster (LIC). Learn more about LIC at: https://westernpacific.com.vn/vi/lic