Taiwan Shoe Manufacturers Build Second Factories In Vietnam

From the Asian media "intellasia" January 15th report, we learned that Taiwan Shoemaking The company is working with Vietnamese companies to invest $40 million in Dong Thap in Vietnam. Leather shoes factory 。

The factory is located in the Tran Quoc Toan industrial area, adjacent to the city of Gao Ling, with a capacity of 9 million pairs per year. All shoes produced by the factory will be exported to foreign markets. The first phase of the plant will be put into operation at the end of 2014.

This is tranquilizing company. Vietnam? Second factories to be built. Anshen company operated a shoemaking factory in the Thap Muoi area of the same province.

Data released recently by the National Bureau of statistics of Vietnam show that in 2013, Vietnam's Footwear products Export value has increased significantly. Vietnam exported 20561 billion pairs of shoes last year, an increase of 9.5% over the same period last year, and its export value increased by 15.2% to 8 billion 400 million US dollars.

It is understood that since the 80s of last century, Taiwan shoemaking enterprises have gradually transferred overseas. At that time, the Vietnamese government was carrying out the economic reform, implemented the foreign investment law, and offered preferential policies to foreign investment. Taiwan shoemaking enterprises were rushing to Vietnam and taking root there. Most of the shoes produced by Taiwan enterprises in Vietnam are exported to the European Union and other overseas markets.

In recent years, Vietnam's sports shoes and leather shoes are growing at a speed of more than 20%, and output value is directly to China. Vietnamese shoe companies are mainly concentrated in Hu Zhiming, Pingyang, Haiphong and Hanoi.

The cost of labor in Vietnam is about 2/3 in China. At the same time, the rent of factory buildings is only about 1/3 of the domestic level. The most attractive part of Vietnam is its tax preferences, products sold to Japan and South Korea and India and other countries can achieve "zero tariff", it can also bypass the direct export to Europe and the United States and other places to face the higher trade threshold, foreign-funded enterprises in the first 3 years of Vietnam tax exemption, third to 5 years, the tax rate is 5%, the post tax rate is about 10%, lower than the domestic level.

At the same time, China Labor cost Improvement, raw materials and export tariff barriers affect the development of footwear industry, making more and more Chinese shoe enterprises move to Vietnam.