How Did The Zhejiang Businessmen Stand At The Forefront Of Vietnam'S Economic Events?

People were caught unprepared. In May 2007, when an investment bank introduced the fund, Vietnam emphasized that Vietnam was the new favorite of Asian stocks. In December 2007, Vietnam's stock market began to cool down and inflation rose. The whole 2007, Vietnam is the world's highest growth stock market. Financial crisis, enterprise suffering. Whether it is a front line or a local one, Zhejiang businessmen once again stand at the forefront or periphery of economic events. People worry that this is the precursor of the global financial crisis. Will the future financial environment become worse and worse? Where will the next crisis happen? Has the whole Southeast Asia become insecure? Where is the last high ground in the flood? Everyone is looking for Noah's Ark. If we want to preserve our last strength, we will have the chance to reclaim our homeland when the flood is receding. Hai Liang group's future investment is overshadowed by Hai Liang group, which has two big investments in Vietnam. First, the Vietnam "China Longjiang economic and trade cooperation zone" was jointly built by Zhejiang Hai Liang Group Co., Zhejiang Concord leather Limited by Share Ltd and Sichuan Qian Sheng Mining Co., Ltd. at the end of last year. The overseas economic and trade cooperation zone covers an area of 6 square kilometers with an investment of 100 million US dollars. The project is the largest area of Zhejiang's 4 overseas economic and trade cooperation zones. The two is, Hai Liang shares. Information) (002203) in March this year, the board of directors approved the investment of 40 million US dollars, and set up Hai Liang (Vietnam) copper industry Co., Ltd. in the Longjiang Industrial Park of Xin Fu County, Qianjiang Province, Vietnam. The main construction project is an annual output of 71 thousand tons of high-grade copper alloy pipe project. The total investment of the project is US $47 million 180 thousand, which is a relocation, expansion and expansion project. The construction period is one year. In the expectation of Hai Liang group, Vietnam's construction cooperation area and the establishment of a production base were originally determined by the state macro regulation and control of land, export tax rebates, and the new policy of processing trade. Hai Liang shares pointed out in the announcement that it can make full use of Vietnam's superior investment environment and enjoy its preferential investment policy. According to the announcement, Vietnam, where the project is located, is in the deepening stage of economic reform. It has comparative advantages in land and labor force. The local tax policy is more favorable than that in China. Overseas investment in Vietnam helps the company continue to enjoy all relevant preferential policies. Vietnam's preferential policies and low labor costs have become an ideal place for Chinese enterprises to attract industrial enterprises. At the same time, this announcement said that the Vietnamese market has provided an opportunity for the Hai Liang group to transfer excess capacity, and it also can ease the constraints of the business elements and speed up industrial upgrading. On the other hand, by developing overseas processing trade, we can promote the diversification of origin of export products, bypass the restrictions of textile quotas in Europe and the United States, effectively deal with trade barriers, and enhance the competitiveness of enterprises in the international market. The reporter contacted Feng Yali, chairman of Hai Liang group for the first time. She said that Hai Liang's project in Vietnam is still in order. "Because our project is still in the construction stage, there is no big impact." At the same time, she said, investing in a place is a serious matter, and it will not give up lightly, but it will still be optimistic about the future growth prospects. In fact, Vietnam has seen such a large financial volatility in the short term, which many investors did not foresee. The Herald reporter noted in the announcement issued by Hai Liang shares that the production base was set up in Vietnam. When considering the risk of establishing Hai Liang (Vietnam) copper limited company, the company considered "market operation risk, production technology risk, raw material price volatility risk and exchange rate fluctuation risk", but did not mention the possible impact of financial risks. In response to this announcement, insiders said that to a certain extent, this has revealed Vietnam's inflation and the possible financial crisis. This indicates that the future of this investment is being shadowed by different degrees. As a result of the impact of Zhejiang's manufacturing industry, many people have considered moving to Vietnam with lower labor costs as Mok has done. Since the second half of 2007, a large number of small and medium-sized shoe enterprises have been closed down in Dongguan, one of China's largest footwear industry bases. According to the statistical report of the Asian footwear industry association in November 2007, there are five thousand or six thousand shoe factories in Guangdong, and more than 1000 large and medium-sized shoe factories have been closed. Of them, four hundred or five hundred shoe factories in more than 3000 of Huidong's more than 3000 shoe factories went bankrupt in two or three months. "Under the global background of industrial transfer, today, the eastern region where manufacturing is over saturated is suffering from multiple problems such as rising cost of raw materials and labor, appreciation of the renminbi, processing trade and adjustment of export tax rebate policy." Zhang Shuhua, chairman of China Leather Association, said the main problem is "cost revolution". The data revealed by Zhang Shuhua show that the overall cost of shoemaking in Dongguan has increased by 20% over the past year. Under the situation of no increase in the retail price of leather shoes, the cost pressures of enterprises are becoming more and more serious. Some companies are considering moving factories to inland areas of China, as well as those with artificial labor and low labor costs in Southeast Asia. Transfer is the way out. For example, AOKANG can save at least 20% of the cost of producing a pair of shoes in Chongqing. But Vietnam is not a good choice. Manufacturers who have moved to Vietnam to set up factories may face huge operational risks because of the local financial crisis. According to statistics, 300 strikes occurred in Vietnam in the first quarter, up from 103 recorded in the same period last year. This year's general strike took place in the Taiwan factory, which produced shoes for Nike Nike Inc.. In April, about 21 thousand workers in the factory went on strike for higher wages. In mid May, Wang Wenmeng, a journalist from Vietnam's people's daily, visited AOKANG, an enterprise in Zhejiang. He also said that Vietnam's footwear industry developed rapidly in recent years, but also suffered from various pressures from the European Union, such as anti-dumping. However, this change is not sudden. "At present, CHINT's sales in Vietnam have already felt the pressure." Zhang Ying, general manager of CHINT group China World Trade Center, said, "but I think this is not just a question of the Vietnamese market, but a change in the overall economic environment." Zhang Ying said that for the manufacturing industry, the global market has seen a general atrophy of common character, and Vietnam may just focus on one point. Many manufacturing enterprises are concerned about the same thing. Yesterday afternoon, HOLLEY group headquarters verified to the international trade department the sales situation of instruments, hardware and electrical appliances in Vietnam market. Li Minghua, editor in chief of the HOLLEY daily, told the reporter that in fact, as early as the beginning of the year, HOLLEY had already felt that the situation in Vietnam was rather special. Therefore, it was prudent to control Vietnam's trade and control orders. Lu Wenzhong, the venture capital research center of South China University of Technology and the capital venture investment fund, said that China's stock market also fell sharply due to the impact of the financial crisis, and the stock market value shrank seriously. Lu Wenzhong recalled that in 2006, Vietnam's stock market was all the way up. At that time, the stock index rose by 144%, ranking first in the Asian stock market, which is just the opposite of the current situation, rising by more than 50%. Lu Wenzhong even said that Chinese businessmen investing in Vietnamese stocks would be seriously affected. Pan Danhong, customer manager of Huili capital group, said that we are alert to the financial turmoil in Vietnam. China's current situation is that inflation is running high, the negative effect of bank deposit interest rates, hot money pouring into the country and so on, and the possibility of being affected is very great. ? Pan Danhong also said that on the other hand, due to timely and appropriate regulation and control of our country and the response of Zhejiang businessmen, we are now relatively new and stable in the Asian region. She said: "many policies in China's leadership have profound implications. This time, including the increase in the reserve ratio, indicates that the state is also aware that once the crisis is widening, the banking system will be expanded. In the first place, all channels related to finance, trade, investment income and so on will begin to be adversely affected and further affect the development of our economy as a whole. Tong Guoqiang, deputy general manager of Zhejiang LAN-STAR Glass Group, told reporters in an interview with the reporter, "look at the phenomenon of Vietnam, many bosses of enterprises in Zhejiang have taken a breath of cold air, because Vietnam is also weakened by the depreciation of the US dollar and the Vietnamese shield continues to appreciate. It is also the collapse of the stock market after the explosion. Vietnam is even more disadvantaged by overlooking for economic development and neglecting the internal quality." By contrast, China's earlier layout makes it easier to prevent and resist financial risks, he said. For example, the timely adjustment of Zhejiang's export tax rebate policy, the stability of foreign exchange reserves, the precautionary measures against inflation and the stability of prices show that our government is drawing lessons from it. ? Huang Haoming, chief executive officer of Zhejiang small and medium enterprises promotion center, said that finance is a key pillar industry in Zhejiang. From the recent three series of financial regulatory departments' frequent policies, the Banking Supervision Bureau's credit risk is strengthened and the financial system's credit growth is strictly controlled and censorship, etc., which shows that regulators are paying close attention to the pressure of appreciation in our province. Economic operation, including the excessive liquidity of hot money brought about by credit growth. The impact of Zheshang on the buffer zone is worth temporarily rejoicing that the Southeast Asian market around Vietnam does not seem to feel the obvious impact of the financial crisis. AOKANG news spokesman Zhou Wei said that the development of AOKANG India is still proceeding in an orderly way. The development of India market and China has been very close and stable over the past few years. On the Sino Burmese border, Wang Ke, President of Dongxing ASEAN commodity exchange center, said that Dongxing is a national level port, so far, it is the only port city connecting the two countries. In 2007, bilateral trade between China and ten ASEAN countries reached 220 billion US dollars. This free trade area is developing very fast. Based on such a big background, Dongxing's performance should still be worth looking forward to. In the same way, Xie Bairong, chairman of the International Mall of Burma, said that their merchants are currently operating small commodities and are essential varieties of daily life. A worry of foreign businessmen in Zhejiang Province Three months ago, Mr mfk and his colleagues in Yiwu said pessimistic that Vietnam might be a better choice for drifting buyers. "Because you don't know where the renminbi is at the end of the dollar, people only know that the trend is falling, which makes us unable to calculate the cost, which is more frightening than the temporary loss." Mofax is an Iraqi who has been doing business in Yiwu for six years. This is his favorite Chinese city. But as spring passed, these buyers who were loyal to the Yiwu market suddenly discovered that Vietnam did not seem to be a new market to be entrusted to.