Taiwanese Businessmen Have Become Vietnam'S Most Important Foreign Investors.
Vietnam is a new place for manufacturing.
Although the real rise of Vietnam is still a long time to come, this young country with a per capita age of 30 is bound to enjoy huge demographic dividends in its development.
Taiwanese businessmen have become Vietnam's most important foreign investors.
Up to now, Taiwanese businessmen have invested more than 8 billion US dollars in Vietnam, while mainland enterprises have invested only about 1000000000 US dollars in Vietnam.
Vietnam is a new place for manufacturing.
Although the real rise of Vietnam is still a long time to come, this young country with a per capita age of 30 is bound to enjoy huge demographic dividends in its development.
There is no need to worry that the rise of Vietnam will damage "made in China". Of course, although China is much higher than Vietnam, China is still one of the world's lowest labor cost regions.
The following situation should be more consistent with China's overall vision, higher technology content and higher added value.
Those industries that rely solely on low labor costs should have supported Vietnam's manufacturing.
From the mainland to Vietnam in Vietnam's Pingyang Economic Development Zone, Liu Zhongxue thought he was a foreign businessman.
A few months ago, he left Fuzhou, Fujian, and worked as a factory director at a Taiwan funded mold factory in Pingyang.
More than 10 years ago, Liu Zhongxue left his hometown in Hunan to work in Fuzhou and worked in Taiwan funded factory.
Now he has followed the pace of Taiwan businessmen again.
The devaluation of the Vietnamese shield has obviously had little impact on his life.
"My salary is settled in US dollars and RMB, and I just need to change the shield to pocket money."
Liu Zhong's theory.
His monthly salary is nearly $10000, while the average monthly wage of local workers in Vietnam is only fifty or sixty dollars.
"Vietnam's current level of development is only the same as that of the mainland in the early 1990s."
Liu Zhongxue managed Vietnamese factories to produce shoe models, providing support for Baocheng and other Taiwanese shoe factories.
The footwear industry has always been one of the "made in China" representative industries, and now there are more and more "Vietnam made".
This is a clear feeling for Chinese consumers.
Now, when they open the signs of Nike or Adidas, "Vietnam" is very common in the column of "origin".
The 20 year from 1970 to 1990 is the golden age of shoe industry in Taiwan island.
But after 1990, shoe factories in Taiwan moved to the mainland.
Three largest shoe making enterprises in mainland China, Baocheng, Qing Lu and Fengtai, all come from Taiwan.
In particular, Baocheng, a company founded by Taiwan teacher Cai Qirui in Lukang, Taiwan, has grown into the world's largest footwear manufacturer in 1990s.
But in recent years, Baocheng's career in mainland China has changed dramatically.
Since 2003, Baocheng group has entered the computer industry.
In the same year, Baocheng and Haier jointly established Haicheng (Shanghai) Information Technology Co., Ltd.
In the same year, Baocheng also injected capital into the elite computers of the motherboard manufacturing company and established the international company to help the elite computers expand rapidly.
In Tianjin, Baocheng even entered the field of seawater desalination.
Investing in Vietnam is, of course, a wise choice.
In today's Dongguan, the average wage per shoe factory is nearly 1500 yuan, which is more than two times that of Vietnamese workers.
By the end of 2006, there were 376 production lines in Baocheng group, of which 193 were in the mainland and 114 in Vietnam.
Although the more sophisticated and complex products are still produced in mainland China, Baocheng already has 1/3 capacity from Vietnam's factories.
Despite the current financial turmoil in Vietnam, Cai Naifeng, a general manager of Baocheng group, is very determined to invest in Vietnam. He believes that Vietnam's economic development is overheating. At present, there is only short-term turbulence. Bao's expansion plan in Vietnam will not change.
The rapid increase in manufacturing industry has become the most important foreign investor in Vietnam.
Up to now, Taiwanese businessmen have invested more than 8 billion US dollars in Vietnam, while mainland enterprises have invested only about 1000000000 US dollars in Vietnam.
The footwear industry is one of the most concentrated investments by Taiwanese businessmen in Vietnam.
Vietnam has become a new base for footwear manufacturers such as Baocheng, Fengtai and Baihe.
Like Dongguan in the mainland, Taiwan footwear manufacturers also regard Vietnam as an export processing base.
In recent years, the footwear industry in Taiwan has rapidly shifted its new capacity investment to Vietnam as Vietnam's shoes export products enjoy preferential tariffs such as the United States, the European Union and ASEAN.
In addition to Baocheng's huge shoe production line in Vietnam, Taiwan Fengtai Enterprise Group currently has two sports shoe factories in Vietnam, a total of 24 production lines, the largest monthly capacity of 900 thousand pairs, accounting for the largest monthly production capacity of 1/4.. According to Fengtai's plan, the group will continue to expand its investment in Vietnam, expand DO, Wei Yue one factory, Wei Yue two factory and DVM mold four new factories. After completion, the monthly production capacity of Fengtai Vietnam factory will reach 1 million 800 thousand or more. At that time, the Vietnamese factory will occupy 43% of the group's shoe-making production, thus replacing Jiangsu and Fujian factories in the mainland as Fengtai group's largest production base for shoemaking.
At the beginning of this year, with the implementation of the new labor contract law and new policies such as taxation and environmental protection, Dongguan, as a gathering area for Taiwanese businessmen, has already faced enormous pressure.
It is reported that at present, more than 500 Taiwanese enterprises in Dongguan have moved out of Dongguan.
Taiwan Lianbao also pointed out that Taiwanese businessmen in Dongguan had 80% ready to move away.
In Dongguan, the closure of Taiwan funded enterprises is not uncommon.
In mainland China, pformation and upgrading has become the theme word at present, and the vitality of Taiwan's manufacturing industry is facing challenges.
Taiwan island has a narrow market. Since the 70s of last century, Taiwanese businessmen have developed nomadic habits, and moving to Vietnam has become a natural choice.
Investment in Vietnam, like the entry into the mainland at the end of 1980s, is also diversified.
Besides the footwear industry, the textile industry is also an important industry for Taiwanese businessmen to invest in Vietnam.
At present, the investment of Tainan textile and Formosa Plastics in Vietnam is also expanding.
In addition, motorcycles, bicycles, food, feed, wire and cable are also promising industries for Taiwanese businessmen.
As for industries like paper making, there are few opportunities in the mainland, but there are great prospects in Vietnam, where timber resources are abundant.
According to the data of the Taiwan board of investment, the number of Taiwanese investment approved by mainland China in January this year was 71, a decrease of 32% over the same period last year, and the approved investment amount was 647 million 600 thousand US dollars, a 20.05% decrease from the same period last year.
Vietnam has become a new hot spot for Taiwanese businessmen outside the mainland.
At present, many Taiwanese enterprises have a deep foundation in Vietnam.
The investment scope of Formosa Plastics Group in Vietnam is mainly petrochemical, textile, power and other industries. The total investment totaled more than 1 billion US dollars, which is close to 1 billion 300 million US dollars invested in the mainland petrochemical industry, and has become Vietnam's largest external investor.
Like Dongguan, Vietnam's Pingyang province has become a new gathering area for Taiwanese businessmen.
For Taiwanese businessmen, it is an ideal investment area. It has not only a complete infrastructure, but also close to Hu Zhiming, International Airport and port.
In addition to factories, Taiwan businessmen have to build hospitals.
The 10 hectare land development hospital project of Taiwan Medical University has been approved. The project is planned to invest 100 million US dollars and set up 2000 beds.
China's +1 is still the most popular industrial investment place in the world, attracting nearly $83 billion in foreign direct investment in 2007.
However, more and more multinationals have adopted a strategy called "China +1" by analysts, and Vietnam has become the first choice to establish an expanded operation base in Asian countries outside China.
For example, Canon has not built or expanded factories in mainland China, but doubled the number of employees in a printer factory in Hanoi to 8000.
Nissan built an automobile engineering center in Hanoi.
A series of problems faced by China's economy have contributed to this trend. Inflation, labor and energy shortages, appreciation of the renminbi and the government's preferential policies to change foreign capital have made foreign businessmen afraid to put their eggs in one basket.
Over the past 3 years, China's foreign direct investment has increased by 1/3, while Vietnam's growth has increased by 3 times.
However, it remains to be seen whether Vietnam will become the next China. After all, the gap between Vietnam and China is still huge.
In 2007, Vietnam's foreign direct investment amounted to nearly US $18 billion, not yet 1/4. in China. Labor cost is not the only factor for foreign businessmen. Vietnam is a market with a population of only 80 million, and it is far from China in terms of domestic demand.
The investment strategy of Taiwan businessmen obviously refers to the "China +1" of foreign-funded enterprises.
However, due to the financial exchanges between the two sides of the Strait, Taiwan businessmen still have a short leg on the mainland, that is, financing.
Recently, with the acceleration of cross-strait three links, cross-strait financial cooperation has become a hot topic.
Recently, some Taiwan banks were allowed to carry out RMB exchange business. In the first half of this month, the announcement of Fubon Bank (Hongkong) Limited announced that it would buy 99 million 950 thousand new shares of Xiamen commercial bank at 230 million yuan, with a shareholding ratio of 19.99%.
Fubon Bank (Hongkong) is a subsidiary of Taiwan Fubang financial Cmi Holdings Ltd.
According to the policy announced by the Taiwan authorities in March of this year, the release of the island's financial industry to participate in the mainland bank policy, the upper limit of the shareholding is 20%.
The progress of the landing of the Bank of Taiwan is obviously far from the actual demand of mainland Taiwanese businessmen.
According to the statistics of the State Department, the amount of investment by Taiwanese businessmen in the mainland has reached US $280 billion.
Basically, these investments are direct investments by Taiwanese businessmen. Taiwanese businessmen have not received sufficient financing support in mainland China in the past 20 years.
In Vietnam, however, it is completely different.
Since the establishment of the first branch of Taiwan Qingfeng bank in Vietnam in 1993, as of the end of 2005, Taiwan bank has 18 branches or offices in Vietnam.
Qingfeng bank, China International Commercial Bank, China Trust Bank, first bank, Far East National Commercial Bank, China Vietnam Bank (Cathay Pacific Bank and Vietnam Industrial and commercial bank joint venture), federal bank, Jianhua bank, Southern China bank, Cathay Pacific Bank, Taiwan new bank, Shanghai bank and land bank have set up branches in Vietnam.
The total assets of the Taiwan capital bank in Vietnam are more than $800 million.
From another point of view, the mainland must retain Taiwanese businessmen, and cross-strait finance must also accelerate integration.
- Related reading
- Footwear industry dynamics | 1.5 Cm Children'S Shoes Are Best For Children.
- Office attire | How To Choose Shirts?
- Office attire | American Women'S Design Focuses On Climate Change
- Office attire | 服裝設計的比例與均衡
- Office attire | 別讓花樣涼鞋留下永久“后遺癥”
- Office attire | Buy Sneakers &Nbsp; First Choice Thick Sole.
- Management treasure | What Should We Pay Attention To Proxy Outdoor Products?
- business etiquette | Beijing People Etiquette Education &Nbsp; Do Not Wear White Socks With Black Shoes.
- Management treasure | Types And Identification Methods Of High Quality Denim Fabrics
- Marketing manual | Open The Clothing Store &Nbsp, Teach You How To Stock, How To Sell.
- Kobe Dressed In Luxury Sports Cars To Publicize New Shoes.
- Bally08 Autumn Winter Menswear Nostalgic Shoe Pack (2)
- Bally08 Autumn Winter Menswear Nostalgic Shoe Pack (1)
- Kangnai Zheng Xiukang - China'S Outstanding Entrepreneur
- Lining Store In Jiefang Road, Wuchang Was Ransacked In Broad Daylight.
- Patent For Finished Shoes: Adjustable Elastic Shock Shoes
- Patent For Slippers: Slippers That Can Be Illuminated
- Special Shoes Are Not Equal To Shoes.
- Nike Shamrock Lining Parkson Plaza Discount
- The Upper Shoe Industry Base Has Been Designated As The Provincial Characteristic Industrial Base In Jiangxi.