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Vietnamese footwear enterprises investing there differences: bargain-hunting or fleeing - Investmen by na b
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Vietnamese footwear enterprises investing there differences: bargain-hunting or fleeing - Investmen by NA B
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| Article Posted: 12/29/2010 |
| Article Views: 70 |
| Articles Written: 2638 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 766 |
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Vietnamese footwear enterprises investing there differences: bargain-hunting or fleeing - Investmen |
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Business,Business News,Business Opportunities
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Into the quagmire of Vietnam, the economic crisis, investors are also divided.
Unknown in the current international situation, the Vietnamese side has applied to invest in the company suspended the plan, originally interested to visit the company also discourage the idea; but the other side, some think that it is "buy the dips "Vietnam's a good time, land prices fell sharply and a large factory discounts eager to sell them.
Advantage is no longer! Escape? Stock market, soaring commodity prices, currency devaluation and a series of economic crises, so that the original Chinese companies interested in investing in Vietnam discouraged.
This year early in May, organized by the Hong Kong Trade Development Council and Hong Kong's clothing Shoes Producers in Vietnam to study the production base of the possibility of migration from the Mainland. "The delegation focused on the Vietnamese local financing, exchange rates, inflation and factory cost and other aspects, assessed by the corporate relocation feasibility. But the study, many enterprises think Vietnam's economic instability, will be temporarily shelved to open plant plan, there are those in the Mainland is more suitable for the development in central and western regions. "Hong Kong Trade Development Council, the Department of Public Affairs, Ms. Ko told reporters.
At the same time, the current investment in new companies to enter Vietnam with the intention of divestment, and even has to take action. Recently established joint venture in Vietnam days, feed plant state shares (market share it) made announcement that the investment is subject to economic fluctuations is not Vietnam, but Vietnam's inflation may force the project cost was higher than expected construction schedule delays and so on.
Yang, general manager of a Vietnamese industrial park, said frankly: "Now, some investment in Vietnam at the application stage Chinese enterprises have stopped, because the outlook is good. Including Vietnam, Taiwan's Foxconn had 3 in the development of industrial zones , but now has been temporarily removed an area of 500 hectares, 100 million U.S. dollars investment in the development of industrial areas. "
In fact, this crisis originated in the financial system, the impact of the manufacturing sector in Vietnam has been gradually emerging and serious than expected.
Soaring prices has triggered a series of children strike. Vietnam's CPI in May this year, up 25.2%, as wages lag behind price increases, staff to go on strike, demanding a raise. Such as the recent subsidiary of Matsushita Electric of Japan Communications Inc. 1000 Vietnamese workers launched a strike to demand pay rise of 25%. "In May we have a month to workers rose from 50 to 60 yuan Renminbi Wages, estimated this year had to go on forever. "A shoe factory in Dongguan, located in Vietnam, the boss told reporters that investment in Vietnam is like the original Chinese and the local labor cost advantage, but the advantage is gone now.
The same time, inflation also allow local procurement of raw materials in Vietnamese factories were hurt. This reporter has learned that many Chinese companies investing in Vietnam, starting with cardboard boxes and other materials are sourcing from China in the past, costs have risen sharply.
In addition, the Mr.Yang told reporters, "Now the exchange rate is very volatile day, 2% plus or minus 3%, resulting in foreign-invested enterprises in Vietnam imported U.S. dollar account, you can not control the timing converted into VND the same time, the procurement of raw materials factory, accounts receivable and so on with VND floating and adjusted to a large number of enterprises can not afford. "
Current interest bank financing in Vietnam 22% to 30%, and forced the cancellation of the Vietnam enterprise financing. "Now in almost all companies invest in Vietnam back to Taiwan, the mainland to raise funds and limited capital and many small and medium enterprises (market share it) the difficulties facing cuts or closure." One who reflects the investment in Vietnam, which allow originally intended to invest in Chinese small and medium enterprises in Vietnam daunting.
Acquisition opportunities! Bargain-hunting? But at present, the occasion of Vietnam's economic turmoil, there are companies that is "buy the dips" a good time in Vietnam.
Early July of this year, Xiamen Municipal Trade Development Bureau of Foreign Trade Department will organize a 20 to 30 people delegation to visit Vietnam textile and garment enterprises. I am Components Electronic suppliers writer, reports some information about needle thrust bearings , laser engraved crystals.
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