Household electrical appliance enterprises: Guangdong economic and trade relations no more unusual - home appliances exports, the currency crisis in V
As the economic and trade relations with Vietnam, the closest province, Guangdong's trade with Vietnam in the first 5 months continue to show an active state, but some industries and enterprises have shown cautious optimism.
Recently, Guangzhou Customs statistics showed that from January to May this year, the trade volume between Guangdong and Vietnam reached 1.25 billion U.S. dollars, up 53.6% over last year, accounting for the same period of the Vietnamese trade volume of China's 13.9%. Guangdong, some local important business that the main theme of the Vietnamese economy has not changed, for the present situation requires close attention, but need not be too worried.
1-5 two-way trade growing
According to Guangzhou Customs statistics, from January to May, the trade volume between Guangdong and Vietnam reached 1.25 billion U.S. dollars, than the same period last year (below) to continue its rapid growth in 53.6%, accounting for the same period of the Vietnam trade, China 13.9%, is trade volume of China's largest provinces of Vietnam. Among them, Guangdong exported 920 million U.S. dollars to Vietnam, a substantial increase of 56.7%; from Vietnam imports 340 million U.S. dollars, up 47.2%.
From the type of point of view, Guangdong exported to Vietnam, mainly some machinery and electronics products, while Vietnam's exports to Guangdong are mainly the product of some natural resources. At present, Vietnam is the largest importer of coal in Guangdong suppliers. Guangdong's exports of competitive products in Vietnam are mechanical and electrical products. In the first 5 months, Guangdong Air conditioning Vietnam exported 10.518 million U.S. dollars, an increase of 1.6 times the speed. In addition to mechanical and electrical products, textile and garment manufacturing in Guangdong over the same period, fertilizer, shoes and aluminum exports to Vietnam reached 76.62 million U.S. dollars respectively, 31.5 million U.S. dollars, 15.68 million U.S. dollars and 11.9 million U.S. dollars, up 36.5%, respectively, 14.3 times, 33.4 % and 18.3%.
Guangdong enterprises cautiously optimistic on the economy of Vietnam
Slightly optimistic these data does not help domestic enterprises to be taken lightly. Hong Kong General Chamber of Textiles, who asked not be named, believe that the reasons behind the high growth needs careful analysis. To textile and garment industry, for example, a matter of fact, Guangdong garment exports to Vietnam, directly to the Vietnamese local consumption, and most simply as a re access to third countries to circumvent quotas or high tariffs. In the case of high inflation, wages of workers in Vietnam is no longer obvious advantage, transport costs also greatly enhanced, so that the local operating companies unacceptable. Previous plans to move to Vietnam, Hong Kong businessmen factory enterprises have been relaxed. Some enterprises that may be transferred to factories in Bangladesh or Indonesia. Wang Yong, vice president of Guangdong Silk Group force believes that the economic turmoil of the Vietnam Textile and Apparel of Guangdong will not be too much, mainly because the overall volume of trade is small and mainly concentrated in the fabric exports. But many companies have plans before the factory moved to Vietnam, the financial turmoil may make this part of the enterprise is more cautious.
Vietnam attaches great importance to the industry exports Home Appliances Industry is relatively optimistic about the Vietnamese economy. U.S. group said it would continue to increase investment in Vietnam and will invest 30 million U.S. dollars next year, construction of the first three industrial parks. "America's purchase and sale of 'two out', affected by the extent of Vietnam's financial crisis is small," the daily U.S. Appliance Group CEO Huang Jian believes that the main theme of the Vietnamese economy has not changed. The reason why the Vietnamese market favored by Chinese enterprises, mainly as member of ASEAN, ASEAN meet the strategic demands of domestic enterprises, with enormous market development space. In addition, Vietnam has a convenient geographical, cheap labor cost and related tax incentives. Therefore, most enterprises in Vietnam as the Association of Southeast Asian Nations will be a "bridgehead" for investment sales market is not a single market for Vietnam such as Gree air-conditioning in each local market in Vietnam sold only 10 million, also mainly Vietnamese beauty positioning as a base for ASEAN exports, so by the inflation pressure is not great.
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