Home►Competitive Edge
Advantages over
our competition
As a low cost operator and with our strategic location in Thai Binh Vietnam, this provides a substantial cost savings versus China:
1)Labor cost - 80% saving
Vietnam Min. Wage is $0.53 per hour
Average Monthly Salary (without overtime)
* There are four tiers of minimum wage scale in Vietnam. Thai Binh is on tier 3 vs. HCMC & Hanoi are on tier 1 (the most expensive).
2)Import Duty Free (for our customers)
Vietnam's position regarding FTAs and trade organization memberships

‧RCEP(asean+6)
‧FTA EU
‧ACE(asean)
‧FTA Korea
‧FTA Russiz & B,k
‧E FTA
‧AANZFTA
‧FTA Hongkong
...

 

— EU (around 6% saving vs. China),
— South East Asian nations
— China
— Japan
— South Korea
— Russia, Belarus, and 3 other states.
— Australia/New Zealand.

Other Benefits:

1) Tax Incentive:
   a) Duty free for imported raw material, vs. 17% in China.
   b) No corporate income tax (exemption)
2) Reliable Utility Supply (no service interruption)
3) Low Development (setup) cost of facility


  We pass these savings on to our customers.

NO. 22, SEC. 2, YEN-HAI ROAD, FU-HSING TOWNSHIP 506, CHANGHUA, TAIWAN
TEL:+886-4-7700210 FAX:+886-4-7701011  E-mail: sales@formosatools.com