Vietnam 3rd in cost attractiveness for global manufacturers

05/16/2019

Cushman & Wakefield release new research assessing 48 of the most suitable locations for global manufacturers to expand in or relocate to.

Global real estate services provider Cushman & Wakefield published new research on May 15 assessing 48 of the most suitable locations for global manufacturers to expand in or relocate their operations to in Europe, the Middle East, and Africa (EMEA), the Americas, and Asia-Pacific.

Its Manufacturing Risk Index (MRI) scores each country against 20 variables that make up three final weighted rankings covering conditions, cost, and risk. The data underpinning the MRI comes from a variety of reliable sources, including the World Bank, UNCTAD, and Oxford Economics.

The report reveals that China is the leading country when viewed from a baseline scenario that gives equal importance to a country’s operating conditions and cost competitiveness. Vietnam ranked 15th in this regard, in and around the other countries in the Southeast Asian region. Malaysia ranked highly, at seventh globally, while Thailand, Indonesia, and Singapore ranked tenth, 13th, and 14th, respectively.