2019 Is The Outbreak Of Vietnam'S Textile Industry. Difficulties And Opportunities Coexist Here.
According to the French 24 hour economic report: The biggest winner of the trade war was Vietnam. Half of the 52 companies that moved out of the country were 26 settled in Vietnam, 11 moved to Taiwan, and 8 moved to Thailand.
According to the French 24 hour economic report:
According to the study of financial analysis Numura, Vietnam is the biggest winner in the trade war. Half of the 52 companies that moved out of the country, 26 chose to settle in Vietnam, 11 moved to Taiwan, and 8 moved to Thailand. Vietnam has good labor resources, and labor is cheaper than China, especially in the textile industry. Data show that Vietnam's exports to the US in 2019 surged by 34%, about 8 billion US dollars, making Vietnam's GDP growth expected to hit 8% in 2019.
In addition, Taiwan, Malaysia, Bangladesh and India also have different levels of income, especially India, which has successfully attracted Fujitsu's main processor Fujitsu in recent months.
Outside Asia, Mexico is also one of the beneficiaries of trade wars, and Mexico's exports to the US increased by 10% in the first half of 2019. Brazil, another American country, has also benefited from trade wars to some extent. In Brazil's important soybean trade, Brazil's exports to China almost doubled. It increased from 14 million tons to 25 million tons in one year.
This year is the outbreak of Vietnam's exports.
In the first 8 months, Vietnam's exports to Canada increased by 31.3% over the same period last year. Exports to the United States increased by 25.3% Exports to Mexico increased by 20.9%; Exports to Japan increased by 9.9%; Exports to Korea increased by 5.3%; Exports to ASEAN increased by 3.7%; Exports to Russia increased by 14.2%; Exports to New Zealand increased by 12.8%.
On the other hand, with the escalation of Sino US trade frictions, Vietnam's exports to the United States have increased significantly, which has aroused the vigilance of the United States.
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