subject: Unknown Situation Or Slow Domestic Household Electrical Appliance Enterprises Invest In Vietnam - [print this page] "Now we are still investing in Vietnam to do an emergency assessment of the factory, the specific figures have not come out, it is estimated that the overall impact on listed companies is not, however, inevitably affect the division of Vietnam."
TCL
Secretaries to directorate WANG Hong Bo told reporters by telephone.
Recent years, rapid economic development in Vietnam, with a certain amount of domestic
Home Appliances
Vietnamese enterprises invest abroad as the "starting point." Vietnam is experiencing significant inflation and currency depreciation, these enterprises can be described as "Happy Plumbing ducks." This reporter recently interviewed noted that many companies today are in Vietnam for their impact on the economic shock of doing emergency assessments. Sign domestic household electrical appliance enterprises in Vietnam may be slowing the pace of the market.
Little impact on local production
Midea June 16 release announcement, make note of the investment projects in Vietnam. The adoption of the U.S. wholly owned subsidiary of America's Appliance Co., Ltd. was established in Vietnam the United States of refrigeration equipment, close by the end of May 2008, cumulative investment amounting to 48.67 million yuan. The company will invest as the U.S. home
Air conditioning
Vietnam's production base to meet the Association of Southeast Asian Nations in Vietnam and neighboring countries in the region with market demand.
Midea also pointed out that as a production base in Vietnam in the early investment in 2008, air-conditioning production base in Vietnam is 20 million marketing plan, according to the actual current orders and business forecasting, production base in Vietnam for more than Bacheng products clearing for export, import and export settlement of U.S. dollar currency are not subject to the depreciation of VND.
"Vietnam's investment capacity of U.S. electrical production capacity is very small compared to, the specific impact on listed companies is almost negligible. But the division of Vietnam, will be affected." US-related electrical secretaries to directorate office staff said.
Only in Vietnam in April this year, officially put into operation in Supor not expect this full-blown financial turmoil, on behalf of its securities to the reporters, "We are a factory in Vietnam is still not during mass production, so impact is very small. "
6 17, Supor's announcement is also posted on the website of the Shenzhen Stock Exchange, investment in Vietnam has made instructions.
Announcement said the Vietnamese responsibility Supor Co., Ltd. is invested in Vietnam Supor Co., Ltd. a wholly owned subsidiary, is also Supor Co., Ltd. The first overseas production base, which produces the cookware products, mainly Vietnam to meet local and Southeast Asian market demand.
Supor side said that the Vietnamese branch is still in pre-production, Supor Vietnam's total investment amounted to 6.8 million US dollars, as of May 31, 2008, the company has not revenue. Most of Vietnam's main raw material production base in China, domestic procurement, settlement currency in U.S. dollars, from VND devaluation, while exports to Vietnam Supor also used in U.S. dollars. As the production base in Vietnam Vietnam's economic dependence on the low, Vietnam Vietnam's production base of economic fluctuations on the operation of no significant impact on production.
TCL Group secretaries to directorate Liu Hongbo then told reporters that the disclosure of listed companies no notice of the need: "TCL current investment projects in Vietnam to do an emergency assessment, if there will be a significant impact on information disclosure, but there seems to suffer loss of less than disclosure standards. "In response to reporters, the secretaries to directorate said, TCL Vietnam company was established in 1999, sales of products covering home appliances, consumer electronics and computers.
TCL Group also said that it will adhere to the development strategy in Vietnam, Vietnam strategy has not been fundamentally shaken.
Emergency preparations in Southeast Asia
From Vietnam, Chinese enterprises invested in other Southeast Asian countries have not always been smooth.
U.S. group in Southeast Asia Project Leader Jiang Yu told reporters in a telephone interview was conducted investigations and studies in Thailand: "Yesterday I met in Thailand to plant late, hope that through the coordination of the result of the devaluation losses to a minimum.
