VIETNAM FACTORY INTRODUCTION - 

Oman Cutlery’s principal engages in cutlery and relevant accessories business and assets are situated in Taiwan and China.  In late 2024, Oman Cutlery start the new chapter in Vietnam!!

First of all, we are pleased to introduce our new Vietnam factory, OMAN KITCHEN VIET NAM CO., LTD. located in Ba Ria - Vung Tau Province, Vietnam and factory will be launched officially by January 2025.  This is the important milestone on Oman Cutlery’s growth journey, and aimed to meet future demand and keep pace with business growth.

History and development

Oman Cutlery first invested into the Vietnam's market since 2022. Before investing into Vietnam, Oman Cutlery was also investing into China since 1991 when China opened for foreign investors.  Oman Cutlery was one of the first investors to set up a manufacturing base in China to produce cutlery products. Benefited from the dramatic growth of the Chinese economy since then, Oman Cutlery was quick growing significantly from year of 1994 to 2008.

In late 2010’s, foreseeing an increasingly fierce competition in both China and international market, the management realized it was time for Oman Cutlery to diversify its investments to different territories. After years of studies, the management found that Vietnam was like an unexplored gem in South-East Asia, which had abundant resources and great potentials and most important at all in a number of aspects very much alike China in its early 1980's.

Why Vietnam?

An Asian country with an area of around 330,000 square kilometers, a long coastal line stretching over 1,600 km and a population close to a hundred million.  But if it has the youngest population in Asia, and a GDP per capita of only US$4,347 per year which is only 1/3 of China (year 2023), then this is nowhere but Vietnam.

Vietnam is itself a very rich country in terms of its resources. It possesses abundant natural resources including petroleum, coal and numerous mineral resources, significant hydro-electric power potentials, rich in agricultural products (being one of the world's top 5 exporters of rice and coffee) and marine products.

Having a population of around 98.9 million (year 2023) is not only a big market for various kinds of commerce and produces, but also provide abundant supply of labour. Indeed, labour cost is one of the lowest among Asian countries, which however does not mean that the quality is poor.  Vietnamese workers are generally commented as diligent, hard-working, skilful and relatively well-educated (with a literacy rate of over 90% among its population).  Vietnam has the youngest population in Asia, with about 70% of the population between the age of 15 and 64, whereas the median age is only about 32.4 (year 2023).

Over the past decades, since the first introduction of Doi Moi (the restructuring of, and new direction, for the economy) in 1986, the government has been very stable which is particularly apparent when comparing to some of the other South-East Asian countries.

The admission of Vietnam into the WTO in January 2007 was believed to be a catalyst for its accelerating economic growth and unveiling its underlying great potentials. China experienced remarkable growth since joining the WTO, there seems no reason that the road of Vietnam's economic growth would be turning back in coming future.

The current China and new Vietnam facilities are able to provide the high flexibility whatever on the consumer demand, shortens the supply chain, and reduces the environmental impact of shipping long distances.

Customers Benefits - Dual factory facillities

l  Enhancement of robotic automation in production processes such as welding, grinding, and sharpening.  It supports a better productivity, quality consistency, and flexibility for customers.

l  Provide the high-flexibility to customers to select their production country under the considerations of either carbon footprints in supply chain; costing in tariff; or other customer demands.