Vietnam'S 1.6 000 Factories Are Closed For Business! 200 Garment Factories In Kampuchea Apply For Stoppage. The European Situation Is Beginning To Reverse.

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Recently, Vietnam Vietnam News Agency reported:

According to the data from the General Administration of statistics of Vietnam, in the first 2 months of 2020, the number of newly established enterprises in Vietnam was 1.74, an increase of 9.1% over the same period last year. The number of returned enterprises was 1.19, an increase of 17.1% over the same period last year, and the number of business enterprises suspended nearly 1.62, an increase of 19.5% over the same period last year.

In February, there were 9163 newly established enterprises in Vietnam, with a registered capital of 96 trillion and 800 billion over the shield, involving 73 thousand workers, with an increase of 10.7%, 21.4% and 13.5% respectively.

Vietnam's 3630 national resumption and remanufacturing enterprises, a decrease of 57.1%, an increase of 107.8% over the same period last year.

The number of suspended business enterprises was 4567, down 61%, down 61.8% from the same period last year.

Vietnam's production advantage is no longer feared.

Recently, according to Taiwanese media reports:

The global supply chain capacity transfer has attracted more attention. Foreign investment has also focused on the textile, clothing and footwear supply chain. European foreign investment indicates that Vietnam's OEM garment manufacturers, which are able to produce large quantities of clothing, have gradually lost their production efficiency from China due to labor shortages and wage rises. We have seen 100% (9938) of the demand for sports brand factories and Shenzhou International, and downgraded the two textile companies (147 6), poly Yang (1477) target price.

European Department of foreign investment said that considering the slow growth of shipping, exchange rate and raw material costs will reduce the average unit price, and Vietnam's labor wages rise, this year will reduce the Taiwan clothing OEM factory profit forecast 13~15%.

In view of the global sports brand demand more than 8.5%, compared with 3% of the industry, it appears more flexible. Clothing OEM related to sports brand factories, such as Shenzhou International and Baihe (9938), will outperform industries.

33 garment factories in Kampuchea apply for stoppage.

20000 workers are affected!

As of March 3rd, a total of 33 factories in Kampuchea had applied to the Ministry of labour for stoppage due to shortage of raw materials, resulting in nearly 20 thousand workers being affected. If China's epidemic is not resolved, 200 factories may apply for a stoppage.

A spokesman for the Ministry of labour and vocational training, Hsing Suo, said that there were 62 thousand workers in the 33 factories. 17096 workers were asked to suspend work for two weeks when they stopped working.

He said that these companies or factories only applied for temporary suspension of part of the production line. For example, a factory has 6 production lines, but they only apply for 1 suspension.

"The factory expects raw materials to arrive at the end of March." He stressed that the Ministry of labour had thought that all production lines would be suspended, but later, after a factory assessment, it was found that it would only stop 1/4 and stop for only half a month.

The spokesman stressed that the government is making efforts to coordinate with the Chinese authorities in order to make the raw materials reach Kampuchea as soon as possible. He said that as of March 2nd, the number of factories that had stopped production was not worrying, and the time of production was also not the same as the previous 2 months.

The chairman of the Khmer trade union association, Zun Meng Tong, said that a factory in real estate province had applied for partial production line downtime because of the delayed arrival of raw materials, resulting in an impact of about 1000 to 1500 workers in the factory (equivalent to 50%).

He said that about 80% of the factories in China are now resuming work, and by the end of this month about 80% to 90% of raw materials can be shipped to Kampuchea. C.CAWDU, the chairman of the Kampuchea democratic clothing workers union (C.CAWDU), said that at least 7 to 8 companies have applied for temporary discontinuation.

If the new crown pneumonia epidemic in China is not resolved, there may be 200 factories applying for a stoppage.

No China can't do it.

Factories that migrate to Southeast Asia will not be able to start work smoothly.

China's advantage is that we are the only country in the world that owns the whole industrial chain. It has 39 industrial categories, 191 middle classes and 525 sub categories. It is the only country in the world that has all the industrial categories in the United Nations Industrial Classification, thus forming a complete industrial system.

Apart from quality and competitiveness, we can independently produce all industrial products from garments, shoes and socks to aerospace, from raw materials to industrial aircraft, and can meet the needs of people's livelihood, military, infrastructure and scientific research.

Like this epidemic, such a large-scale economic loss, the world only China can resist, other countries simply can not resist, can only be resigned to fate. That is to say, as long as China does not fall, the people of the whole world will be saved.

In addition to China, many factories that migrate to Vietnam, Kampuchea and other places are unable to start work smoothly. It is understood that a textile factory last year due to the Sino US trade war hot, in order to diversify the risk, the capacity to move from China to Vietnam, the factory has just completed, foreign orders have also been issued, the mainland's management cadres have also successfully completed the visa, only wait until the start of the new spring can start, but now China's mainland management cadres can not come, so that the production line can not operate smoothly. The family can understand us, and we do not want to encounter such a situation. The boss reluctantly replied.

In addition, the epidemic also brings the impact of logistics. Although the industrial chain of Vietnam is gradually improving, many raw materials are imported from China, and the links between them are very close. "Most of our factories have only 1 months or so of surface accessories. If the epidemic continues to be severe, the output of China's surface accessories is interrupted, and we may have to face a shutdown." A garment manufacturer said.

Apart from Vietnam, Kampuchea is also facing the shortage of raw materials and fabrics. In view of this, if China's epidemic continues to spread, even if customers transfer orders to Vietnam, Kampuchea and other places, orders will be full, and they will not be able to complete them smoothly.

European fashion week stopped, manufacturing stopped

Will impact Sino EU trade logistics

There is also concern about the further outbreak of Europe, and the rapid spread of the epidemic swept through Italy. 1332 confirmed cases were confirmed on a single day, and the president of the Democratic Party was confirmed to be infected. The bad news of the new crown pneumonia epidemic has come to Italy for a long time. This football country, which is good at defending Counterattack Tactics, is still unable to guard against today's rampant virus.

The total blockade is the most stringent defensive measure Italy has made. 14 provinces were blocked and 16 million people were restricted. Italy, who entered the national emergency, was finally determined to embark on the blockade from March 8th. Except for special reasons and emergency situations, it was forbidden to enter Lombardia and distribute in Venetian, Emilia Rome Nye, PieiTe Monte and Markey. In the 14 provinces of the big area, freight is suspended at the same time! It remains to be verified by readers.

There are 20 major districts in Italy, the largest Administrative Region in the country and the next Administrative Region in the greater part of the country. Lombardia is the country with the largest number of confirmed cases of new crown pneumonia so far. According to the decree, Lombardia and 14 provinces were divided into designated Red areas, including the capital of Milan and Venice of Lombardia.

At present, the economic pressure has been suspended in the top of Italy. The closure of tourist attractions, the stop of fashion week and the shutdown of manufacturing industry are also hanging over the whole of Europe, and will then rush back to the Sino EU trade logistics.

Up to 18 hours in Beijing on March 8th, there were 9908 cases of new crown pneumonia infection in Europe, and 949 cases in France, second only to Italy and 847 to Germany. The number of confirmed cases in Spain, Switzerland, Holland and Belgium exceeded 100.

"At first, no one cares about this disaster until this disaster is closely related to everyone."

The global supply chain is looking forward to the resumption of Chinese factories.

This epidemic not only has a great impact on China, Southeast Asian countries, the United States, and even the whole world, but also proves that China is indispensable in the textile industry chain.

At the very beginning of the new crown pneumonia virus in China, US Commerce Secretary Ross once said, "the spread of the epidemic is conducive to the manufacturing industry in the United States." But more and more facts have proved that Ross wants more if he wants to take advantage of the epidemic and get rid of China.