Vietnam financial crisis in power PRD to move more suspension - Vietnam financial crisis, move more, PRD - footwear industries
Based on production cost and other factors, many labor-intensive industry once the Pearl River Delta in Vietnam as an ideal place for industrial transfer, but the trend since the second half last year, there has been Xiezhi. Guangzhou, more than had been intended to move the Vietnamese business executives told the Times reporter, Vietnam wages lag behind inflation rate increases, resulting in a strike into the tide, highly volatile business environment.
Guangdong Academy of Social Sciences Professor of Economics, Li Youhuan that the financial crisis turned into a Vietnamese economic crisis on the economy, people's lives a great impact on the operation of various economic activities very difficult, competitive banking system in dire straits, the financial service deficit, these are the business slowed down and the main reason for the Pearl River Delta.
More companies move nearly half of the country is Guangdong enterprises As Renminbi Accelerated appreciation of the difficulties to bring business and labor environment, increased production costs to change a few years ago there have been a part of the Pearl River Delta companies move production to Vietnam trend. Many domestic textile enterprises in Vietnam in recent years have advance.
Survey shows there are now more than 200 factories of China's textile enterprises in Vietnam. Textiles into the Guangdong Province Export Co., Ltd. Deputy General Manager Ling had just admitted, and now VND depreciation, invested in factories in Vietnam face the risk of depreciation of assets. Today, the safest way is only to produce Order Allocated to Vietnam, only do "import processing", equipment and raw materials SAP are purchased locally.
Li Youhuan subjects who participated in a national survey, to Vietnam to conduct investigations. He told reporters, was to gather the data, as of the second half of 2005 more than 290 enterprises throughout China to move to Vietnam, of which 46% of Guangdong's enterprises, and now certainly far exceed that figure.
Moved last year to suspend the more PRD "Move to Vietnam, Guangdong Enterprises has a feature, not to move past the whole industrial chain, but shifting some production to move in the past, the headquarters remained in China. Then Chinese companies to move to Vietnam, India is just a try, if Vietnam economic crisis does not occur, we can expect more Chinese enterprises in Vietnam will be transferred to Vietnam. Unfortunately, the Vietnamese Government in introducing foreign enterprises, but also aggressively opened its doors to the outside of hot money. "Li Youhuan said.
Li Youhuan survey found that "since the end of last year, PRD is impossible to move later, the Vietnamese serious inflation, real estate, the stock market boom, leading to production costs. Not only in Vietnam, also appeared this year in India and Vietnam last year similar to the situation of inflation and so the second half. "He believes that the financial crisis will evolve into an economic crisis, social and economic, have a great impact people's lives, all businesses are very difficult to do.
This year, Vietnam's stock market, both the real estate slump, VND depreciation. This situation, who want to move to Guangdong enterprises in Vietnam is not an opportunity? Li Youhuan that the transfer of industry there are two very important factors, first, production costs, the other is local, including government, financial system, including service capabilities. If a country region and the economic crisis, economic operation very difficult, competitive banking system in dire straits, ability to keep up with financial services is not conducive to business.
"1997 Asian financial crisis, Thailand and other Asian countries, government policies, services, capabilities, confidence is rebuilt after the investment at this time is the best time, but this time the unpredictability of Vietnam." Liyou Huan said.
China is still the best in the world for investment
Li Youhuan that the current around the world, China's investment environment is ideal. "The U.S. sub-prime crisis, deep, and when it ends, and still can not predict the subprime crisis in Europe by the great impact. Originally a fertile land for investment in Asia, Vietnam, India and other countries could fall into economic hardship." He said that both of the manufacturing cost, or from the political and economic stability is concerned, China is still the best for investment.
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