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How a 20-Year-Old Trailer Manufacturer Found a Way Into Vietnam Without Winning on Price
Kim Eng Seng Engineering & Trading couldn't beat Vietnam's trailer market on price. Chinese manufacturers were shipping trailers overland into the country at a cost point Kim Eng Seng, a Singapore-based manufacturer with over 20 years in the business, simply couldn't match. Facing a declining domestic market, the company needed a way into Vietnam that didn't depend on being the cheapest option on the table — and that's the real question most traditional manufacturers run into
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