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    Leather Clothing Industry In Vietnam'S Economic Turmoil

    2008/7/5 0:00:00 82

    Most Chinese people's Vietnamese imagination is built in the movies and novels of CC Chen Yingxiong's films and Margaret's novels.

    If so, when you fly to Hu Zhiming in search of the legendary "Xigong", you will be disappointed.

    With 200 yuan in one week to spend in death, the more realistic Vietnamese imagination is more like a joke in reality than in Vietnam. Maybe even a TAX is not enough.

    Similarly, if we enter Vietnam with the imagination of financial crisis, we will be disappointed.

    Although Hu Zhiming's stock market has fallen to below 400 points from the highest 1170 points last year, the Vietnamese shield has been depreciating and the trade deficit is amazing, you can't see the country's economic collapse.

    In the store of LV and GUCCI in Hu Zhiming, the distinguished guests in Hua Shang are still in a continuous stream, and their faces are seldom sad.

    Therefore, many Chinese counterparts went to Vietnam and returned home loudly to tell others: Vietnam has no crisis.

    Tourists can not see the whole country, they can only see the dance jump, horse running.

    Hotels in Hanoi also have casinos, and Casino restaurants are crowded at 2 a.m.

    But all this is just a representation.

    Only a few Vietnamese realize "bad".

    In Vietnam's high inflation rate, grain prices are the first push.

    The bulk of rice increased by about 50%, which was originally 7000 kilograms per kilogram. Now the market price has reached 10 thousand yuan shield 4 yuan.

    After the price rises, the price of Vietnam is basically the same as that of Shanghai.

    In fact, middle income people are not too concerned about rice prices. The price of rice is rising again, and it will not cost much in a month.

    Only those with low income will feel that rice prices are thrilling.

    In April, there were rumours of food shortages in Vietnam, causing rice to rush to buy. Rice traders took the opportunity to double the price of rice, but panic buyers still bought it.

    Now, rumours have subsided and rice prices have returned to normal growth.

    The depreciation of the shield is also fierce.

    At a foreign exchange point in the center of the city, the reporter exchanged RMB for 1:2600 in the ratio of nearly 1 million shield CC to a large stack of pink coins with a face value of 50000.

    And more than ten days ago, it can only be exchanged for 1:2300 for more coins, and later 1:2400 also changed.

    Not far from the point of foreign currency exchange, there are five star hotels, LV and Gucci stores and Lamborghini sports cars. The desire city Hu Zhiming continues its pace of life as usual.

    Of course, what is more obvious is the locust like motorcycles sweeping through the narrow road.

    Vietnam can be said to be a motorcycle riding country. A Vietnamese without a motorcycle is like a Chinese without bicycles.

    At every intersection, the motorcycles are interspersed with each other, and there is no danger of traffic accidents.

    So is Hu Zhiming City, the capital city of Hanoi.

    Zhang Li, a reporter who met with reporters in Hanoi in Southeast Asia, did not notice anything unusual. She came to Vietnam on numerous occasions. On this street, the mental state of the common people was calm as usual.

    But economist Ding Wenen's mental state is somewhat abnormal.

    Ding Wenen, President of the Central Economic Management Research Institute of Vietnam, is a member of the Vietnamese government's think tank. He has been engaged in the research of macroeconomics and China's reform and opening up for a long time.

    He told reporters that he was tired of dealing with Chinese reporters these days, and reporters waiting for him.

    The Chinese media's high interest in Vietnam has overwhelmed the Vietnamese government's think-tank expert.

    A year ago, he also strongly denied that Vietnam's economy was overheating. Now he has changed his mind that Vietnam's economic situation is bad.

    Only a small number of Vietnamese realize "bad". They seldom pay much attention to the macro-economy of the country. The rise of grain prices has a great impact on the poor population, but it can not change the pace of life of the middle class in the city.

    At the gate of the bar, there was "EURO2008" European Cup advertisement.

    At 11 in the evening of June 13th, the young people screamed for the Italy team in the bar, but the brave Italian finally failed to win the bravery Romanian.

    On the way from Hu Zhiming to Hanoi, the reporter met Lao Chen. He spent 2 million yuan from Guangdong four years ago to Vietnam for gold rush, and he ran a garment factory with two Vietnamese people. But he closed the factory a year ago and was said to have been in a terrible mess.

    He blamed the failure of the factory on Vietnamese's dishonesty.

    "If you go to Vietnam, you must not take the Vietnamese to invite you to dinner."

    Lao Chen said he had been talking to a Vietnamese native, and he felt like a friend.

    One day, the Vietnamese was very happy to say that he invited Lao Chen and several Chinese people to dinner and asked for a place in the evening.

    Lao Chen hurried on time, and the Vietnamese had not arrived yet. They were sitting around waiting.

    Suddenly, he received a phone call. Vietnam said he had something to do, but he was expected to arrive late.

    At about 10, the Vietnamese came and sat down, but he didn't talk about dinner, just chatting.

    Lao Chen finally could not help. He said, "he hasn't eaten yet. Let's have a quick meal."

    The Vietnamese looked at them in amazement: they had not eaten yet?

    I thought you had eaten it.

    The Vietnamese said he had eaten it.

    Lao Chen said that it's not just about eating, but doing business is also like this. When you talk about the time of the contract, he will suddenly tell you.

    It's normal to come in two hours later.

    The story is hard to distinguish true from false.

    However, reporters in the city of Hu Zhiming TAX was also severely slaughtered, only 8 kilometers away, the driver asked for 240 thousand shield, equivalent to about 100 yuan.

    Chinese enterprises have not yet been divestment

    In the streets of Hanoi and Hu Zhiming, fashion shops are not uncommon. A number of high quality garments in the window are waiting for the buyers to come. These are for the wealthy.

    In Hu Zhiming, there are also some Chinese clothing brand stores, such as burlung.

    When I walked into a burger lion store, the new decoration and the domestic store did not have two samples. The clothes in the shop were not labeled, but the price was cheaper than that in the mainland of China. A short sleeved shirt was 130 yuan C200 yuan, and the promotional activity was 100 yuan to 10 yuan.

    Clothing stores are densely populated by large markets.

    There are many large markets in the city that look like the vegetable market. CC has only one floor, the ceiling is very high, and the stalls are densely packed.

    Here is a paradise for foreign tourists and local citizens. Silk and cotton clothes are all available. The price depends on the bargaining power.

    The minimum wage standard in Vietnam is divided into three stalls, the highest one is "economic zone", including the big cities such as Hanoi and Hu Zhiming. The minimum wage is 1 million 200 thousand shield monthly (480 yuan), and the lowest "poor area" is only 900 thousand less than 360 yuan (RMB).

    Factory workers pay less than the minimum wage. Such low wages, Hanoi people and Hu Zhiming people are disdain to be workers.

    The factory workers are young people in the countryside.

    The salary of a young textile worker is about 400 yuan per month.

    A large number of strikes took place in Vietnam before June.

    Panasonic 1000 workers strike to raise wages by 25%, a factory in Taiwan for Nike shoes, 21000 workers to strike for 10%.

    There were more than 300 strikes in Vietnam in the first half of May this year, more than last year.

    In desperation, the Vietnamese government has even issued a recent rule that a strike without justification may compensate the employer for the loss.

    The improvement of manpower cost is a common problem faced by all Vietnamese enterprises.

    Many entrepreneurs have revealed that Vietnam has a higher social security fund, and that the cost of labor in Vietnam is not much cheaper than that in the mainland of China.

    And because of the lack of talents at a higher level, it may be hard to get satisfied people at a high price.

    Hanoi now has 13 industrial zones, and by 2020, it will also be newly built into 10 industrial zones.

    In the outskirts of the city, the industrial zone and the suburban combination of the Chinese cities are not two, the houses are low, the shanty towns are constantly and the dust is flying.

    After 4 p.m., the industrial district began to bustle, as workers came out of work, and they flocked out of factories, and the business of roadside restaurants also rose.

    The establishment of industrial zones is a token of Vietnam's overheated investment and a manifestation of Vietnam's emphasis on investment.

    In June, Hu Zhiming, governor of the Bank of China, conducted a survey in June. 24 respondents in the Vietnam Chinese funded enterprises answered what they were heading for in Vietnam. CC

    The answers are summarized in eight aspects, namely, stable political situation, advantageous geographical location and convenient maritime pport, abundant resources, cheaper labor costs, preferential tax policies, WTO preferential conditions to avoid trade barriers, China's adjustment of production structure, and bridgehead development to other ASEAN countries.

    Wang Qingbo believes that as long as there is no fundamental change in these eight aspects, it is not necessary for Chinese enterprises to withdraw from Vietnam.

    In fact, the Chinese textile and garment enterprises that have invested so far have not yet been divestment from Vietnam. They are waiting for the improvement of the Vietnamese economy.

    However, because of the depreciation of the shield, it is more difficult for the enterprises to import raw materials and sell products in Vietnam.

    But if the localization is high enough to solve the raw material problem in Vietnam, or the export of products, the situation will be much better.

    A new problem is that the industrial chain of Vietnam is not yet perfect, and localization of raw materials may be an impossible task.


     

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