Vietnamese Chinese Enterprises Cut Off Difficulties, Chinese Brands Are Not Affected

At present, China has become Vietnam's largest trading partner. China has nearly 380 direct investment projects in Vietnam, and its actual investment is close to US $200 million.

The reporter learned that at present, there are 10000 Chinese enterprises in Vietnam. They are mainly engaged in plastics, food, machinery, glass and other industries.

During the economic crisis, Vietnamese Chinese enterprises were also subjected to different degrees of impact, and they had taken the reduction of staff members to reduce their difficulties.

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The Wenzhou real estate regiment was blocked, and the whole line withdrew and lost the first tier cities.

Deposits increased by 510 billion in May.

The Shanghai Stock Exchange: the stock market is dismal, and the capital is running away. The Shanghai Stock Exchange: the frequent rescue of the market has brought benefits to the branch of the Industrial Bank, which has misappropriated the anti earthquake funds to buy sports shoes. The State Bank of China, Wang Yi, is suspected of violating the rules of securities. Xie Guozhong, the first full circulation company, will be lifted by the double regulation Sany. Foreign investment banks are not optimistic about the Chinese stock market in the frenzy of currency devaluation. The impact of the importers is very obvious. Although the government has adopted a stable exchange rate policy, it has temporarily blocked the momentum of the exchange rate decline, but it is still hard for importers.

Profits of importers are reduced by 20%

In June 11th, a director of the office of a construction machinery company interviewed in Hanoi, Vietnam, said that although their construction machinery accounted for over 60% of Vietnam's construction machinery, it had a certain monopoly.

But it is hard to get much profit.

The director, who has worked in Vietnam for 20 years, said that due to the derogation of the currency, profits were getting thinner and thinner, and the Vietnamese government ordered the construction of unnecessary buildings and buildings. The demand for construction machinery declined, and the company basically stopped selling products.

At present, we mainly do some after-sale services.

An agent of a building decoration material in Hanoi told reporters that although its products were also monopolized in Hanoi, the depreciation of the Vietnamese shield increased the cost of its products by 10% in the past two months. The rise in prices reduced demand and reduced profits by about 20%.

Ah Shan, a clothing business in Peach Street, Hanoi, mainly imports clothes from Guangzhou's white horse clothing market and then sells it at Peach Street in Hoan Kiem Lake County, Hanoi.

According to him, because of the difficulty in raising the price of clothing, the decline of the currency from 1 to 20000 to 1: 26000 is already far worse than before.

In an interview with Hu Zhiming in the city, a stock broker said that this year's stock market plummeted. The most powerful investor was the stock of imported enterprises except the real estate stocks.

Chinese enterprises have cut down their staff prices

Walking on the streets of Hu Zhiming, reporters can see signs of Kyoto food retail shop from time to time.

Hu Zhiming, deputy manager of the embankment economic development center of the Chinese working office in Fang Shuming, introduces a well-known Chinese listed company.

Known as "Vietnamese food king", Chen Jincheng and Chen Rongyuan brothers are the second generation of Chinese in Vietnam. Their father was born in Shantou, Guangdong.

At present, it has become Vietnam's largest food enterprise. At present, the Kyoto group produces more than 100 kinds of food and employs more than 7000 people.

According to Fang, at present, besides Kyoto foods, Chinese listed companies and Xigong Shang Xin stock bank are also listed.

Besides, there are more influential Chinese enterprises such as ping Xian clothing, Tianlong stationery and so on.

Fang said that most of the Chinese enterprises started in 1988~1990 years, and enterprises could not move or escape from scratch.

In this crisis, Chinese enterprises, like other enterprises, have taken measures such as reducing staff and lowering prices to tide over difficulties.

Some of the more influential Chinese enterprises in this crisis are those that have entered the real estate sector, but Mr. Fang has failed to provide specific data.

Chinese brand name is not affected

In China, the fierce competition between domestic brands and foreign brands is well known. Reporters learned in Vietnam that fierce competition has been staged in Vietnam over the past few years.

In the economic crisis, China's famous brands basically claimed that they had little influence, because their investment in Vietnam was small.

In June 9th, the reporter went to a Hu Zhiming office in China, a well-known household appliance brand, and asked for an interview. The manager of the office claimed that they had not been affected by the devaluation of the currency because they refused to make an appointment.

But he later said, as a well-known brand, the company has its own development strategy considerations, so it needs to persist in the current predicament.

The implication is that the negative impact of Vietnam's currency decline has been revealed.