Vietnam'S Bright Red Light Has Limited Impact On China'S Textile Enterprises.

Recently, Vietnam's economy has seen a series of chaos, with the stock market plummeting and soaring prices.

Due to the rapid growth of Sino Vietnamese textile trade in recent years, more and more Chinese textile enterprises are set up in Vietnam.

So what will Vietnam's economic crisis do to China's textile industry?

According to the insiders, the Vietnamese crisis may slow down its efforts to import textile raw materials from China, which will delay the industrial pfer of Hong Kong Taiwan funded enterprises to Vietnam, but will have little impact on the export of Chinese textiles.

The pfer of Vietnamese businessmen to Vietnam is more prudent.

According to the Vietnam Textile Association, there are now more than 2000 enterprises in Vietnam's textile industry, including 500 foreign-funded enterprises.

Among the 500 foreign-funded textile enterprises, there are more than 200 textile enterprises invested by the mainland in China, with about 150 Taiwanese investment, which account for the largest number of enterprises and total investment.

But reporters learned that there are not many Guangdong textile enterprises that have invested heavily in Vietnam.

Due to the rising production costs in the Pearl River Delta and Yangtze River Delta region, many of the industrial pfer to Vietnam is Hong Kong and Taiwan funded enterprises in China.

The head of Hongkong's TDC told reporters that Vietnam's current comparative advantage of low cost of human labor has been greatly reduced due to the continued sharp depreciation and severe inflation of Vietnam's currency, so that many textile enterprises ready to pfer the industry to Vietnam have stepped up and become more cautious.

For those Chinese textile companies that have already set up factories in Vietnam, how should they tide over difficulties?

Regarding this, Sun Huaibin, director of the China Textile Research Center, said: "do not easily use the way of divestment. We should consider improving management to raise labour productivity and reduce cost pressure."