"Vietnam Made" Is Becoming More And More Common In Place Of "Made In China".

I went shopping last weekend.

and

Brand basketball

When shoes and socks arrived, they found that one of the six pieces (made in China) was made in China. One of the remaining five (double) was made in South America, and the remaining four (double) were all made in Vietnam.

In the United States, "Vietnam manufacturing" is becoming more and more common. This corresponds to the fact that the wave of "landing" Vietnamese factories in western countries is also rising.

Take the LONG AN Province, a major agricultural province in the southern part of Hou Chi Ming City, for example, more than one dozen industrial parks have been built now, and more and more processing industries are being settled. Large factories in many Western companies have begun to produce their products here.

Avery Dennison Corp, the world's largest clothing company based in California, is a typical example. In July last year, they opened a large processing plant in Vietnam. Now the Vietnamese workers who worked there have improved their technology very quickly, and have been able to do some more complicated processing, such as sewing Nike super light upper and selling Eli Dennison's sports shoes up to a pair of US $200 in the US.

As of May last year, the province alone attracted about $3 billion 670 million in foreign investment, of which 40% was clothing and textile industry.

If we look at the trend of import volume from Vietnam in the past few years, it will not only increase year by year, but also increase every year.

In the US, it is beginning to feel that "Vietnam made" is replacing "made in China".

　　如果你覺得紡織服裝業(yè)遷址越南已經(jīng)足夠讓中國加工業(yè)警示的話，這還不是最糟糕的，更糟糕的是越南正在成為世界新興的電子工業(yè)中心，尤其是世界大型手機生產(chǎn)公司的熱寵，譬如，三星(Samsung)已有兩個產(chǎn)品在越南生產(chǎn)，投資總額達75億美元;LG公司也在那里生產(chǎn)手機和其他的電器，總投資額15億美元;微軟(Microsoft)在越南也有手機生產(chǎn)工廠，總投資3.2億美元;此外蘋果的法定加工商富士康(Foxconn)已經(jīng)在越南建了工廠，不過尚沒開始生產(chǎn)蘋果產(chǎn)品;而蘋果公司自己最近也在越南邁出了第一步，繼去年10月底在越南開了一家分工廠，今年更是擬投資10億美元在越南建立蘋果在亞洲的研發(fā)中心，據(jù)消息透露地點很可能在河內(nèi)，目前越南政府正在協(xié)助蘋果公司完成必要的行政手續(xù)，更詳細的安排還有待落實之后才能得知。

What is more alarming is that in order to match the shift of the manufacturing focus from China to Southeast Asia, Mitsui OSK Lines, Japan's largest shipping company, recently plans to invest in a container port expansion project in Vietnam, with a total investment of 1 billion 200 million US dollars.

Ikeda Junichiro, Junichiro Ikeda, publicly acknowledged the decision to deal with the situation of more and more big manufacturers closing factories in China and pferring production to low-cost manufacturing centers in Vietnam.

Why is it that the "China plus one" in the past Asian manufacturing economy has become one of the few emerging economies in Southeast Asia, and has become the "not China" nowadays? Especially in favour of Vietnam's new economy? I think there are three main reasons.

The first is that China's wage and labor costs are soaring, and Bloomberg statistics show that the wage level in Vietnam is now almost half of China's wages and that the lack of labor in China's red population has worsened the wage disadvantage.

In the US, it is beginning to feel that "Vietnam made" is replacing "made in China".

The two is the p Pacific Partnership Agreement (TTP) agreement to be ratified by all participating countries.

If the TPP agreement is approved, the abolition of tariffs among the signatory countries will benefit most from developing countries such as Vietnam and Malaysia, which rely mainly on exports. Not only will more international big companies invest in factories, but they can also enter larger consumer markets, such as the United States and Japan, and Peterson Institute for International Economics predicts that Vietnam will become one of the fastest growing economies in the world by 2050.

Japan's relevant research institutes also gave similar results. For example, the Japanese Trade Promotion Agency (JETRO) found in the annual survey of Japanese enterprises with overseas businesses that the planned expansion of business in China has dropped to less than 40%, the first time since the launch of the survey in 1998. On the contrary, a report published by Mizuho Research Institute has claimed that Vietnam is a far more capital raising target than other countries in the 12 signatories of TPP.

The third reason comes from Vietnam's various preferential policies for recruiting foreign investment.

Take the Avery Dennison clothing company as an example, the person in charge openly admitted that "Vietnam needs only 30 years to do things in the past, and Vietnam only needs 10 years now, so more and more large companies are moving to Vietnam to build factories". At present, the factory's occupation and design space in Vietnam can fully meet its expansion before 2020, but the company has already been aiming at the possible expansion of TPP after signing it.