Developing At Light Speed

Vietnam is developing fast. Analysts agree that Vietnam has in place the conditions to become one of the manufacturing powerhouses of Asia.

The Numbers

Vietnam has maintained a high and continuous growth rate for the last 5 years. In 2007, Vietnam's growth rate was 8.48%, its highest growth rate in the past 11 years. GDP reached 71.2 billion USD and income per person reached 835.9 USD. Export turnover reached 48.4 billion USD.

Problems Yet To Be Overcome

The statistics don't tell everything though. Vietnam is also faced with many challenges such as a high inflation rate, increasing work-force cost, budget deficits, traffic jams, a weak infrastructure, and an energy deficit.

AMC in Vietnam

With that background, Asia Management Consultants (AMC) has incorporated Vietnam into its top tier market for lean training and CSR related services. In order to service our customers better in Vietnam, AMC has formed strategic partnerships and placed resources within Vietnam which will further enhance our reach and capability to assist Vietnamese companies in becoming world class.

Enhancing Its Competitiveness

As Vietnam develops, the issues of its competitiveness will continue to emerge. In many companies, their business strategy and operations currently follow traditional, former models, which center around manufacturing through push systems in which high WIP (work-in-progress) still dominates. In order to become more competitive these companies will need to turn to lean manufacturing systems which focus on the worker, Standard Work, reduction of WIP, improved Cell Design, and implementing Kaizen techniques to ensure continuous improvement.

Lean Thinking Reaches Vietnamese Factory Floors

Lean manufacturing came to Vietnam primarily through early Foreign Direct Invested (FDI) companies in Vietnam. The big names applying Lean are the great manufacturing companies of the world today: Toyota, Nike, Ford, Honda... The impact of these companies and the world-wide success of other companies which have introduced lean concepts, has triggered a wave of more modern management in Vietnam, including lean.

Emerging Vietnam

Vietnamese companies (including FDI firms) are adopting Lean at a quick pace. Especially companies in sectors with high manual labour content product have successfully adopted lean techniques. AMC is now being called upon to supply world-class lean training for a broad spectrum of Vietnamese industries.

Beyond Lean: Creating Corporate Equity Through CSR

As Vietnam continues to attract foreign investment and orders from abroad, the need for CSR (Corporate Social Responsibility) support in Vietnam also increases. AMC's CSR Project Support provides win-win-win (brand-factory-worker) balanced support where any cost increases that CSR may require are actually paid for by increases in productivity.

For more information on AMC's available training courses in Vietnam, please contact us, in either Vietnamese or English, by emailing us.