China'S Shoe Enterprises To Invest In Vietnam Investment Plan Temporarily Shelved

And shoemakers began to hesitate to invest in Vietnam.

The limited influence of Vietnamese firms is limited.

RMB appreciation, raw material prices, tax policy changes, rising labor costs, the introduction of the new labor contract law, new regulations on environmental protection and the cost of logistics caused by the rise in oil prices.

All kinds of factors have already greatly reduced the profits of domestic light export industries, and also allowed some farsighted enterprises, especially the textile industry, to have lower location costs in Vietnam.

Sun Huaibin, director of China Textile Research Center, pointed out that at present, China has invested more than 200 textile and garment enterprises in Vietnam, and textile and accessories enterprises are also entering Vietnam.

Market.

For Vietnam's current economic difficulties, experts believe that this is only temporary. Domestic textile enterprises should not lose confidence in investing in Vietnam.

Because Vietnam's factories are mostly exporting, they mainly settle in dollars, and most of them will be converted into Renminbi, thus resolving the negative impact of the devaluation of the Vietnamese shield.

International trade scholars say Vietnam's financial crisis has advantages and disadvantages for Chinese textile enterprises invested in Vietnam, mainly because of the financial crisis.

The financial market is not stable. It is not easy for Chinese enterprises to lend to local banks in Vietnam. This requires the manufacturers to invest in Vietnam have greater financial support in China.

Shoe companies slow down investment

More than a month ago, when interviewed a well-known shoe manufacturer in Jiaxing, the chairman of the factory revealed that, for the sake of cost reduction, the women's shoes for export were already designated for production in Vietnam.

But now, think

The shoe companies that go out are facing more concerns.

It is reported that most of the Chinese enterprises are in the wait-and-see view of the economic trend. The strategy adopted is to control costs through various means, including layoffs and business reduction.

Some enterprises

If the market is depressed for a long time, it is possible that only a few people will be watching more.

However, Vietnam's 3-4 year tax exemption and 5-7 year tax reduction policy still attract some enterprises.

"Some enterprises want to go, but they will not go alone or go alone.

It will continue to observe the economic situation in Vietnam, and so on.

This represents the view of most shoe companies in China.