Policy Vietnamese goods exempt from the current tariffs imposed on many Chinese goods bound for the U.S.; we also find a highly qualified and educated workforce, a favorable tax environment, and enough high-quality C TA . t e c h / i 3 logistics and transportation support on both the supply and distribution ends of our business." Vietnam has seen impressive growth in its manufacturing segment, which added more than 1.5 million jobs in just two years. And more than 50 percent of Vietnam's population is under 35 years old. These young workers are the beneficiaries of significant investment in education and training opportunities. Further, positive ratings from the World Economic Forum and World Bank indicate good health of Vietnam's investment climate. The country is continuing to reap the benefits of a low corporate tax rate which was reduced from 32 percent to 20 percent in 2003. "In short, Vietnam as a country and a workforce is perfectly positioned to deliver the sophisticated electronics goods and components to meet global demand," GRE's Fong said. Navigate the Trade War The new tariff environment is having a measurable effect on both U.S. and Chinese businesses. For U.S. companies, it's important to ask the right questions of your Chinese vendors to identify areas of tariff exposure. Here are three questions to ask vendors: ● Are there any material alternatives in the manufacturing process that will minimize the effect of tariffs without impacting quality or performance? ● Do you operate manufacturing facilities in alternate locations? ● Could you transition manufacturing to those locations with minimal disruption? To learn more about GRE Manufacturing and its Vietnamese manufacturing capabilities visit gremanufacturing.com/gre-vietnam. Share your trade stories with CTA by contacting Sage Chandler at schandler@CTA.tech. MARCH/APRIL 2019 37http://www.gremanufacturing.com/gre-vietnam http://www.gremanufacturing.com/gre-vietnam http://www.CTA.tech/SpringForum