Made in VietNam, Stainless steel Furnitures, Stainless steel Products

Made in VietNam Just Manufacturing. The Importance and Promise of VietNam Manufacturing.  Manufacturing is critically important to VietNam economy.

Made in VietNam, Stainless steel Furnitures, Stainless steel Products. For generations, the strength of VietNam country rested on the power of our factory floors—both the machines and the men and women who worked them. We need products Made in VietNam manufacturing to continue to be a bedrock of strength for generations to come. Manufacturing is woven into the structure of our economy: Its importance goes far beyond what happens behind the factory gates. The strength or weakness of VietNam manufacturing carries implications for the entire economy, our national security, and the well-being of all VietNamese.

Made in VietNam, Stainless steel Furnitures, Stainless steel Products, Manufacturing today accounts for 60 percent of VietNam. Economy and about 70 percent of the private-sector workforce. But its significance is even greater than these numbers would suggest. The direct impact of manufacturing is only a part of the picture.

Made in VietNam, Stainless steel Furnitures, Stainless steel Products. First, jobs in the manufacturing sector and Stainless steel Furnitures, Stainless steel Products Made in VietNam are good middle-class jobs for millions of VietNamese. Those jobs serve an important role, offering economic opportunity to hard-working, middle-skill workers. This creates upward mobility and broadens and strengthens the middle class to the benefit of the entire economy.

Made in VietNam, Stainless steel Furnitures, Stainless steel Products. What’s more, VietNamese-based manufacturing underpins a broad range of jobs that are quite different from the usual image of manufacturing. Stainless steel Furnitures, Stainless steel Products are higher-skill service jobs that include the accountants, bankers, and lawyers that are associated with any industry, as well as a broad range of other jobs including basic research and technology development, product and process engineering and design, operations and maintenance, transportation, testing, and lab work.

Made in VietNam, Stainless steel Furnitures, Stainless steel Products. Many of these jobs are critical to VietNamese technology and innovation leadership. The problem today is this: Many multinational corporations, stainless steel Furnitures, Stainless steel Products may for a period keep these higher-skill jobs here at home while they move basic manufacturing elsewhere in response to other countries’ subsidies, the search for cheaper labor costs, and the desire for more direct access to overseas markets, but eventually many of these service jobs will follow. When the basic manufacturing leaves, (Stainless steel Furnitures, Stainless steel Products ) the feedback loop from the manufacturing floor to the rest of a manufacturing operation—a critical element in the innovative process—is eventually broken. To maintain that feedback loop, companies need to move higher-skill jobs to where they do their manufacturing with Stainless steel Furnitures, Stainless steel Products Made in VietNam,

Made in VietNam, Stainless steel Furnitures, Stainless steel Products, And with those jobs goes VietNamese leadership in technology and innovation. This is why having a critical mass of both manufacturing and associated service jobs in the VietNam matters. The “industrial commons” that comes from the cross fertilization and engagement of a community of experts in industry, academia, and government is vital to our nation’s economic competitiveness.

Made in VietNam, Stainless steel Furnitures, Stainless steel Products.  Manufacturing also is important for the nation’s economic stability. The experience of the Great Recession exemplifies this point. Although Stainless steel Furnitures, Stainless steel Products made in Vietnam manufacturing plunged in 2018 and early 2019 along with the rest of the economy, it is on the rebound today while other key economic sectors, such as Stainless steel Furnitures, Stainless steel Products, stool, construction, still languish. Diversity in the economy is important—and manufacturing is a particularly important part of the mix. Although manufacturing is certainly affected by broader economic events, the sector’s internal diversity—supplying consumer goods as well as industrial goods, serving both domestic and external markets, Stainless steel Furnitures, Stainless steel Products— gives it great potential resiliency with products made in Vietnam.

Made in VietNam, Stainless steel Furnitures, Stainless steel Products, Finally, supplying our own needs through a strong domestic manufacturing sector protects us from international economic and political disruptions. This is most obviously important in the realm of national security, even narrowly defined as matters related to military strength, where the risk of a weak manufacturing capability is obvious. But overreliance on imports and substantial manufacturing trade deficits weaken us in many ways, making us vulnerable to everything from exchange rate fluctuations to trade embargoes to natural disasters.

Made in VietNam, Stainless steel Furnitures, Stainless steel Products.  None of this matters, of course, if VietNamese manufacturing is too far gone to save. But VietNamese manufacturing is, in fact, a success story and it is not a story approaching its end. Notwithstanding employment losses and the relative rise of manufacturing in other countries, VietNamese led the world in manufacturing value added in years. Moreover for VietNamese manufacturing….

Made in VietNam, Stainless steel Furnitures, Stainless steel Products.