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    Exploration Of Domestic Textile Enterprises In Vietnam

    2016/3/10 20:14:00 71

    Domestic MarketTextile EnterprisesVietnam

    At present, Vietnam has gathered textile enterprises from many countries such as China, Korea, Japan and France. Although the number of foreign enterprises is relatively small, it occupies 60% of the annual export volume of textile and clothing in Vietnam, and the contribution of Chinese funded enterprises is greater. In the first quarter of 2015, there were more than 1000 foreign direct investment projects in the 31 industrial parks in the province, attracting foreign investment of about 17 billion 700 million US dollars, and many leading enterprises in the domestic textile industry such as Tianhong, Bailong and Shenzhou built their factories here. The above Chinese enterprises have the following important characteristics in Vietnam's production and operation:

    The Vietnam subsidiary's production line belongs to the new capacity of domestic textile enterprises. At present, the "go out" textile enterprises basically have not reduced the original domestic capacity. On the one hand, the new capacity transfer to some extent is to meet the needs of overseas customers. For example, Shenzhou International Group is a knitting garment originals manufacturer (OEM), its main customers are Adidas (Adidas), Nike (Nike) and UNIQLO (Uniqlo) and other famous brands. In recent years, the above brands have gradually split all orders from mainland China to half of the mainland and overseas. In order to maintain long-term cooperation with major customers, enterprises are forced to transfer new capacity with orders. On the other hand, the transfer of new capacity has not reduced the dependence on Chinese market. Many of the Chinese textile enterprises that invest in Vietnam, such as Tianhong Group, are most of them. Cotton yarn They will sell back to China, reflecting the potential of the consumer market in the mainland.

    The overall technical level of Vietnamese subsidiaries is higher than that of domestic parent companies. Most of the Chinese textile enterprises invested in Vietnam are listed on A shares in China, with strong strength and abundant capital. Therefore, greenbelt investment is more important than investment in Korea and Japan. On the other hand, due to the zero tariff imposed by the Vietnamese government on the importation of equipment and materials imported for the production of key mechanical products and services for the production of key mechanical products, Chinese enterprises have imported the most advanced equipment production lines from Europe to improve the degree of mechanization. Vietnam? The low quality of labor force has an impact on production.

    Paying attention to localization management is a common practice of various Vietnamese subsidiaries. The survey found that Vietnam's Chinese textile enterprises have a high degree of localization, and the vast majority of employees come from local recruitment. At the same time, it has become a common practice for all Chinese funded enterprises to appropriately increase the proportion of employees in the South Vietnamese staff in management. For example, in Tianhong Ren Ze company, from the production workshop team leader to the management team members of the company, we can see the figure of the Vietnamese workers, and the management efficiency of the company has also been greatly raised. In addition, the salaries of Chinese funded enterprises are slightly higher than those of local enterprises. The company also provides employees with benefits such as dormitories, canteens and free medical care, so Vietnamese workers generally attach great importance to this work.

    "Domestic textile enterprises invest in Vietnam" industry chain The phenomenon of "overall transfer" is obvious. For example, shortly after the investment and construction of Bailong east to Vietnam, Shenzhou International, Shandong Lu Tai and Taiwan state fabrics and textile enterprises, which are located downstream of the industrial chain, have been transferred here. The above phenomena are mainly based on two reasons: first, the overall strength of Vietnam's textile industry is not strong enough, and the layout of the whole industry chain is uneven, which is mainly made up of garments, and it can provide Chinese enterprises with insufficient supporting industries. Two, the United States firmly advocates the principle of "yarn priority" (yarn-forward) in TPP, that is, the textile and clothing that requires zero tariff to enter the US market, the production of raw materials from yarn to cloth, and the process of cutting from tailoring to sewing must be completed in TPP member countries. This has also become an important factor for the transfer of large quantities of textile enterprises to Vietnam. At present, Tianhong Group has invested in a large industrial park covering an area of 3300 hectares in northern Vietnam, Guangning. The main planning industry of the park is fiber, spinning, weaving, printing and dyeing, and machinery manufacturing. YOUNGOR group also plans to invest one billion yuan level Vietnam Industrial Park project, the fabric and other capacity into the park. In the future, the entire industrial chain built by Chinese funded enterprises will be formed in the above industrial parks, which can not only meet the relevant regulations of TPP, but also greatly improve the overall profitability of China's textile industry.


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