Category: News Briefs

Foreigners have a great idea: if you don't have your own concept, no worries—just buy a stable, already-running business and keep it going.

What kind of acquisition should you look for?

1. Large addressable market

2. Already running for 3 years

3. Profit margin of at least 15%

4. Customer base with high repeat purchase rates

…Sounds like a beautiful dream. I wonder how many people would actually sell such a project?

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Overall, no.

On one hand, there's the constraint of limited land area, making a "super factory" difficult to realize. On the other hand, Vietnam's labor force is smaller than China's, and wages are rising quickly. They've already reached around 3,500 RMB — significantly higher than wages in inland Chinese county-level areas. In short, the overall cost of setting up a factory in Vietnam is roughly 20% higher than in China.

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