Vietnam gains as global companies diversify supply chains ...Middle East

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Founded in 2010 in Suzhou, China, Sinnotech Technology specializes in precision injection molding. Catering to global customers, its products are used in automobiles, consumer electronics, and industrial and medical sectors. Allen Qiu, operations manager of Sinnotech Vietnam, was appointed to establish the company’s Vietnam branch in April this year. Seven months in, he is now leading a team of 30 staff, the majority of them being locals. “We have basically completed our investment for 2023, but only 30 percent of the plant’s capacity is being utilized. So there’s still room for expansion in the future. We’ve completed an investment of about 1.5 million U.S. dollars so far. We ex

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