Vietnam Investment Sudden Case Of Cold Appliances Investment Adjustment Programs

Forced upward pressure on domestic costs, for some time

, Vietnam became part of China's household electrical appliance enterprises "going out" hot spot. Some brand-name household electrical appliance enterprises have been or will be set up production base in Vietnam. However, the arrival of Vietnamese financial crisis these companies caught off guard, have to reconsider their investment plans in Vietnam, led to the overseas investment of Chinese household electrical appliance enterprises "cool thinking."

It is understood that the main purpose of home appliance enterprises to invest in Vietnam First defuse the risk of RMB appreciation; second, lower labor costs, labor costs only PRD 1 / 3; Third, weakening tax effects, as among the ten ASEAN countries Export mutual exemption of tariffs, Vietnam's base by facilitating the export to the ASEAN countries. Based on these considerations, the United States, and Gree,

Glanz Magnates such as domestic appliances "into Vietnam."

Currently, the United States in Vietnam, has two production bases, namely

Air conditioning Production line and Small appliances Production base. In South America, Brazil, Pakistan, South Asia, plant, China's largest air conditioner manufacturer Gree chose Vietnam as the third overseas production base for air-conditioning, and the base of the plant equipment, production equipment installation and staff training has been completed. The second half of this year is expected to start production next year's Galanz in Vietnam is Vietnam's plans do the campaign, I hope the future will gradually shift low-end models of products to Vietnam to produce, re-export, and its Shunde, Zhongshan, plant will shift to high-end products.

However, did not last long in the Vietnamese financial crisis, worried about these Chinese companies. Midea Group Brand Director Dong Xiaohua said, beauty is aware of the financial crisis on Vietnam's production base will cause a certain extent, the United States is currently the internal communication, negotiation matter, on the practical implications of specific assessments will be carried out. Gree board secretary Liu Xinghao account companies are closely watching developments, but no specific measures. Galanz Liu, deputy director of Foreign Trade Administration Office, said in Vietnam than expected domestic economic deterioration, inflation, VND devaluation, many foreign companies have lost confidence in risky now to invest in Vietnam, it suspended plans to set up plants in Vietnam. "Vietnam should not be the financial crisis on China's home appliance industry has a tremendous impact, after all, the development of these enterprises in Vietnam's investment accounts in the local share of small or just beginning.

The other hand, the Vietnamese economy smaller in the event of changes in financial conditions, the risk will be expanded, but on our terms, or have the ability to defuse these risks. "China Household Electrical Appliances Association, Xu Dongsheng, Deputy Secretary-General told reporters." Previous household electrical appliance enterprises because the cost will be only because the Vietnamese as a "hot spot", which is actually a lack of rational decision-making approach. "Lau, a famous Chinese home appliance industry observers dust evaluation step. He pointed out that the overall speaking, the Pearl River Delta and Yangtze River Delta's investment environment is better than Vietnam, Besides China's future cooperation with ASEAN deepened, there is no need for the ASEAN market will certainly be in the ASEAN countries plants. Liu Buchen, suggestions, yet to invest in the enterprise need to be more cautious, we have invested enterprises can reduce by reducing staff productivity and reduce costs to achieve the effect.

Vietnam Investment Sudden Case Of Cold Appliances Investment Adjustment Programs

By: qoqo

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