Excelpoint rides Vietnam's tech boom as more firms adopt a China+1 supply chain model

Singapore

BACK in 2008, homegrown Excelpoint Technology made its foray into Vietnam and set up its first representative office at Ho Chi Minh City. Around the same time, Samsung Electronics and Intel opened large semiconductor manufacturing plants in Vietnam.

Then, the country's basic infrastructure was at its infancy. The Internet connection was so slow and unstable that its staff preferred to work from hotel rooms instead of the office.