subject: Fluctuations In Household Electrical Appliance Enterprises Said The Vietnamese Economy Has Little [print this page] < BR> the recent deterioration of the Vietnamese economy, the outbreak of hyperinflation, Vietnam domestic stock market, VND depreciation serious. October 2007, one U.S. dollar convertible 16,000 VND, 1 yuan convertibility in 1960 VND, 16,330 VND exchange one U.S. dollar now, 1 yuan exchange 2300 VND. The Southeast Asia including Vietnam, is
Home Appliances
Transfer of manufacturing industry, an important area, a number of Chinese household electrical appliance enterprises investing in Vietnam or are prepared to invest in production base. Recently, the Vietnamese domestic economic fluctuations, Midea, Supor has issued a bulletin on the assessment of the impact of investment projects.
Midea: No significant impact
Midea's production base in Vietnam, through its wholly owned subsidiary of the US's electrical (BVI) Co., Ltd. invested in the U.S. in Vietnam refrigeration equipment (Vietnam) Co., Ltd., which is the U.S. investment in Vietnam to establish the electrical The only company. Close by the end of May 2008, the U.S. electrical accumulated investment in Vietnam equivalent to 48678200 yuan.
The Vietnamese company as the U.S. home
Air conditioning
Production base in Vietnam for the production of "America's" free brand air conditioners, to meet in Vietnam and the ASEAN countries in the region with the surrounding market. Is still in production early this year, air conditioner production base in Vietnam is 20 million marketing plan, based on current operating forecasts and actual orders, production base in Vietnam for more than Bacheng products are export sales, and production base in Vietnam, the low percentage of local procurement, The addition to buying and selling currencies to VND Viet Nam settlement, the import and export settlement currencies are U.S. dollars, so U.S. production base in Vietnam not devalue dong impact.
America's announcement that the production base in Vietnam as the Vietnamese market less dependent on the Vietnamese economic fluctuations on the company's production base in Vietnam with the business operations of no significant impact.
Supor: the low level of economic dependence on the Vietnam
Supor has a wholly owned subsidiary in Vietnam, Vietnam responsibility Supor Co., Ltd., which is Supor first overseas production base, producing products for the kitchen, meet the Vietnamese and Southeast Asian market and local needs. The production base was put into production on April 28, 2008, is currently in pre-production, total investment in Supor 680 U.S. dollars, ended May 31, 2008, has yet to generate revenue.
Supor the main raw material production base in Vietnam, the majority of purchases in China, finished products for export to Vietnam, in the process of purchasing and selling currencies are settled in U.S. dollars, from VND devaluation effects.
Notice under Supor show Supor market sales in Vietnam in 2007 only 27.54 million yuan of RMB conversion, which accounts for the proportion of total sales in 2007 less than one per cent.
Supor assessment that, due to production base in Vietnam Vietnam's economic dependence on the low production of Vietnam's economic fluctuations of the low production operations in Vietnam was no significant impact.
