Shoes And Clothes Enterprises Dream Of Gold Rush In Vietnam Under The Financial Crisis

For those businessmen who are used to finding profits and depression, Vietnam, which is experiencing financial crisis, is not entirely depressed or depressed. "If the timing is right, gold can be dug up."

Despite the continuing adverse news from Vietnam, it also gives Chinese business owners a potentially dangerous space for Vietnam's economy. However, for those businessmen who are used to finding profits, the financial crisis in Vietnam is not entirely a loss and depression. "If the timing is right, gold can be dug up."

A clothing business owner who is going to Vietnam to visit has said to reporters.

Chinese enterprises are in suspense with the more difficult situation. "Vietnamese prices are rising rapidly, and textile workers are beginning to strike. Some Chinese enterprises who invest in Vietnam have to lay off or temporarily suspend business to survive."

This is a statement made by a garment processing enterprise owner who had invested in Vietnam in an interview with the media.

However, this claim was rejected by some garment circles who had returned from Vietnam to consider returning to Vietnam, and thought this report exaggerated the plight of the local textile and garment enterprises.

Mr. Qian is the general manager of Shandong Xinguang knitting enterprise. He has just visited Vietnam with the Shandong delegation.

Mr. Qian told reporters that they visited Vietnam textile and clothing association and inspected the largest industrial park in Vietnam. According to his understanding, labor costs of local textile and garment enterprises have increased and pressure has increased due to inflation, but this pressure is not as serious as the external legend.

However, Mr. Qian said that Vietnam is not really suitable for investment at present. The main reason is that the infrastructure there is too poor. In the past few years, some of the Chinese enterprises who went to Vietnam to set up factories, in addition to the significance of avoiding quotas, have made very little profit.

"In contrast, there are more opportunities for investment in the mainland of China."

Mr. Qian told reporters.

Yao Liang, the Shenli knitwear Co. Ltd., thinks that the Vietnamese government's handling of the relationship between the local governments is rather complicated and its consumption quality is not high. He laughs and says, "in Vietnam, there are not many cars, and everywhere on the streets can be seen wearing slippers and driving motorcycles."

He thought there was no market for socks there.

What puzzles reporters is that most of the enterprises that have already run factories in Vietnam seem to have taboo about the topic of Vietnam's financial crisis. A Taiwanese funded garment enterprise leader in Guangdong refused to accept the interview directly, knowing that they were affected by the Vietnam financial crisis.

According to an industry source, these enterprises may be considered to maintain the stability of the global market. If there is any negative news in Vietnam, it will obviously have a certain impact on other regional markets.

Taiwanese capital, Hong Kong funded enterprises profit depression reporters in Zhejiang, Guangdong, Fujian, Shandong and other export-oriented enterprises in the relatively centralized area to investigate, since the beginning of this year, the Pearl River Delta region Taiwan capital, Hong Kong and capital enterprises have been retreating, a large number of enterprises have gone to Southeast Asia and other regions, of which India, Kampuchea, Vietnam is the main place.

Most of them think that they are passive behavior for the withdrawal of these enterprises, but Xie Jihong, Deputy Secretary General of Guangdong garment industry association, is more willing to think of it as "looking for larger profit depression".

He believes that Taiwanese businessmen and Hong Kong businessmen have very rich experience in global investment, because they are familiar with the history of Japan's labor-intensive industries pferring to South Korea, Hong Kong and Taiwan in the 70s and 80s of last century, and have witnessed the process of landing labor-intensive industries in coastal areas in Hong Kong and Taiwan in 80s and 90s of last century, which makes them very sensitive to business opportunities.

They may think that today's mainland is the replica of Japan and Taiwan that year. So, a few years ago, they began to look for the next profit depression, and Southeast Asia gradually became their prey.

"They used Vietnam as a development in Guangdong in the early 90s of last century. Although Vietnam is now facing financial crisis, just like the stock market, smart speculators tend to sell when retail investors are completely collapsed. Sensitive Taiwanese businessmen and Hong Kong businessmen will never be more pessimistic about the South as ordinary people do. Instead, they are likely to take this opportunity to enter Vietnam.

Moreover, most of them have enough economic strength to support the recession or even loss for three or four years or even longer.

Their vision lies in the longer term future.

One insider, who is familiar with the operation experience of Hong Kong businessmen, said so.

According to Xie Jihong, at present, Taiwanese investors and Hong Kong funded enterprises in Guangdong still have their own visits to Vietnam.

Anticipation of optimism and pessimism, Ye Xiangyang, chairman of Xiamen sprinter, has become a hot topic recently. His "factory acquisition theory" has also become a supporter of "Vietnam's business opportunity theory".

Earlier, media reports reported that the more than 20 Xiamen textile enterprises who planned to invest in Vietnam before July 1st did not change the original plan because of the financial crisis in Vietnam.

Ye Xiangyang, a member of the delegation, said differently in his interview with reporters: "Vietnam's financial crisis is actually a good thing. For example, the price of a Vietnamese textile mill was 1 million shields, which needed 60 thousand dollars.

Now, after the economic crisis, the price of the factory is reduced by 40% because of the real estate, so the amount needed will be reduced.

In the case of RMB appreciation, this is conducive to Xiamen's enterprises to acquire factories in Vietnam.

Ye Xiangyang then told reporters that he initially formulated the trilogy investment plan: the first step is to pport domestic fabrics to Vietnam, then sell the finished products to the US or Europe; the second step is to carry out OEM in Vietnam; the third step is to jointly invest in Xiamen and even other domestic enterprises to invest in Vietnam.

According to Liu Xiuluan, Secretary General of the Xiamen textile and clothing trade association, by the temptation of local Taiwanese funded enterprises, some enterprises in Xiamen are very optimistic about Vietnam, and some American businessmen are inviting companies to invest there, and some of their employees have gone to Vietnam to get jobs.

"Many people are talking about Vietnam, but we do not know exactly what extent the financial crisis in Vietnam has reached. We must have a look there before we can feel it."

Liu Xiuluan said that he might run in white, and he might find business opportunities.

However, reporters recently learned that whether the delegation can make a trip in July 1st is uncertain.

It is said that due to the deterioration of the financial crisis in Vietnam, Xiamen's TDC may be worried about the opportunity to change its inspection plan when the time is not ripe, and the visa has not yet been passed until the press release.

Ye Xiangyang seems to be optimistic about Vietnam's views. He even told reporters: "every day I see Vietnam's financial crisis, and I feel that the economy is going to collapse. I have the idea of not wanting to go.

For enterprises, the financial crisis is not terrible, and the terrible is how long it will last.

The instability of the economic environment will bring huge risks to enterprises who rush to invest. "

According to the statistics of the Vietnamese clothing trade association, last year, more than five hundred and sixty inspection teams from mainland China received four or five batches each week on average. However, "seeing more and less, there are only two or three coming."