Robbing People And Robbing Factories, North Vietnam Set Off Another Wave Of Investment Wars.

At 5:30 in the morning, he was bright, and his work in Hanoi, Vietnam, had already been washed and replaced by morning exercise. But in the past six months, he can't relax when he runs. As a company cadre, he always worries, "will there be another employee who will not be taken away today?"

Vietnamese workers' "stable working ability", "fast learning" and "work close to home" are common views of many Taiwanese businessmen and one of the advantages of Vietnam's investment. However, before the outbreak of the Sino US trade war, Vietnam's annual wage increase was already the most painful part of Taiwan businessmen's mind.

The Sino US trade war catalyzes the North Vietnam wage war.

According to the 2019 salary adjustment notice put forward by the Vietnamese government in December 16th (2018), Vietnam was divided into four districts, with salaries ranging from $130 to US $190, and if the graded weighted trapezium salary and the rest of the insurance and overtime expenses were paid, the average base salary of a worker ranged from $250 to $300.

Among them, the North Vietnam Hanoi and coast defense salaries fell to the highest level.

The biggest impact of the US China trade war on investment in North Vietnam, like catalyst, has intensified the human capital market, so that salary growth has exceeded the expectations of Taiwanese businessmen. Even some new investors with ready silver bullets have been robbing people in excess of market wages, and are ready to go into production within 3 months after landing.

Before the real commercial war started, the wage war had already permeated the investment market of North Vietnam.

Vietnam's first precision industry in Yongfu City, Yongan, has been landing in North Vietnam for 18 years. It is one of the representatives of early Vietnam. At present, there are 5 factories in the park, a total of 4000 employees here for life.

Wu Congwu, the first general manager of precision industry in Vietnam, told the Central News Agency reporter that the manpower cost of North Vietnam is lower than that of Nanyue, which is a very attractive investment area in the early stage of foreign investment. With the agglomeration of the locomotive and motorcycle industry, it is an ideal investment environment for the manufacture of steam locomotive parts and intensive labor enterprises.

However, with the outbreak of the Sino US trade war, apart from the fixed 8% to 10% salary growth, he did not deny that many new manufacturers had brought a lot of manpower demand, so that the situation of human resource cost rising was "very sensible".

In addition to competing with the same type of manufacturers, the better environment for the electronics industry has also become a major competitor. Wu Congwu laughed and said that 10 people were asked to come to 150 applicants. Now they are 10 people and sometimes they are dissatisfied.

In the course of the interview, a number of Taiwan businessmen mentioned that in this wave of North Vietnam rush, not only operators, proficient Chinese translators, even drivers who connected to vehicles, have become the hottest targets in this war.

Shen Xianyu, President of the Federation of Taiwan chamber of Commerce in Vietnam, told the Central News Agency reporter that with the highest wage level one, the salaries of Chinese translators in Pingyang and Nanyue provinces of Nanyue can be shouted to NT $20 thousand, while other provinces and cities have also risen in varying degrees.

Another situation is that although the basic salary is divided into 4 levels by the Vietnamese government, many regions have long been "overstepping" as the manpower gap has expanded. Tai Chi, who worked in Vietnam, pointed out that he had heard of Taiwanese businessmen setting up factories in zone 2, in order to avoid labor.

The workers were dug out, leaving the salary of the 1 zone, and this happened just a few months ago.

Land and workshops, hot commodities in Vietnam

The war between the US and China is more than just wages. In order to rush into production, the new operators bought large quantities of banknotes to buy industrial areas and neighboring lands, which made the land more and more valuable. Wu Congwu observed that around the second half of last year, the price of land near the industrial zone has been soaring. Recently, the price of the land has increased by 20% to 30% compared with the first half of last year.

Hong Zhihua, chairman of Sheng Yu Engineering, said: "now I have 5 sites in motion, all of which are new investors' factories, and the investment situation is really hot."

"If you just grab a piece of money, if you just grab it and fail to make a comprehensive plan, then even if you get the land, the subsequent processing costs will not exceed the amount of land." Huang Yongzheng, President of the Taiwanese business association of Bei Ning, pointed out that the land price is very confusing. In North Vietnam, the maximum and minimum land price per 1 square meters can be reduced to 40 dollars, and the land price will be different from the policies and industrial zones stipulated by different provinces.

"I recently spent 1 million 500 thousand dollars on sewage treatment," he said. "If it is a cheaper industrial area, public facilities will be relatively small and imperfect, and the subsequent development costs will be very high." Institutional and legitimate industrial zones are relatively sound, and they also provide advisory services. For example, the development of the Yun Zhong Industrial Zone in Beijiang, which is developed by Foxconn, is hot and has been occupied.

To avoid the Sino US trade war, the North Vietnamese land is soaring into Taiwan businessmen's nightmare.

With the price of land flying all over the world, many new investors have changed their minds and put their eyes on idle factories. They can not afford to buy land and buy a factory head office. Indeed, some businessmen are in such a state of mind to advance into North Vietnam.

A Taiwanese investor who has invested in Vietnam for many years said indignantly that new investors from mainland China had purchased direct ready-made factories near the factory area, shipped machines from mainland China, and opened up 1.5 times to 2 times their salaries. At that time, many of the operators were attracted by the high salary and "went to the enemy camp". Their factories could be described as "heavy casualties". "Don't say that the orders have been transferred, even the customers of the plateau have almost opened the skylights," he said with a bitter smile.

Even though the Taiwanese businessman is not injured, this kind of "fast food" businessman creates a production line and job opportunity in a fast fashion in order to avoid a temporary war, but he does not have the intention to run in Vietnam for a long time.

The bell of the factory building in Hanoi rang. Whether it is robbing people, grabbing land or robbing factories, it is just the clarion call for new investors. After the mass production, the real war is officially launched.