Vietnam's economic crisis hit, South American countries to become part of the transfer of Chinese enterprises to set up factories overseas.
The past two years, to take advantage of Vietnam's low labor costs and for Chinese enterprises to avoid the "tariff barriers", beautiful, Supor, Gree, etc.
Enterprises in Vietnam has four production plants.
Although the short term, the financial crisis will not lead to a greater impact overall company performance, but the Chinese enterprises to go, has been the emergence of new evidence.
Continue to invest "
TCL Group, said Vietnam is a successful exploration of new markets it, positioning the country as a whole ASEAN market, production and logistics center. "Wang interviewed in Vietnam when it is late at night.
1999 10 , TCL in Vietnam to set up wholly foreign-owned enterprises as the current Vietnamese companies and Vietnamese factories. The first end of the year, TCL
Sales is almost zero. After a period of time, "encircling the cities" of hard work, according to data provided by TCL in Vietnam, in 2007, TCL's color TV products brand behind only Japan and South Korea ranked third market, the market share of 16% -17%.
According to Vietnam's accession to WTO in 2007 when the commitment
Tariffs and other electrical appliances, 3-5 years to 25%.
for this "local" company, the product does not require tariffs, the cost to save this piece. Exports from Vietnam, other ASEAN countries, because the relationship between the ASEAN free trade area, customs is only 0-5%.
Present, TCL Vietnam in Dong Nai province has its own factories, the factory is only 45 minutes away from Ho Chi Minh City by car.
As Vietnam's third largest economic province, with the Nai Province, welcomed foreign investment. Wang says that when the TCL when entering Vietnam signed a 15-year tax credit contract. In addition, the land is leased to the local government.
Factory in Dong Nai province, where, TCL Vietnam has nearly 300 workers. Another country in Vietnam there are more than 120 sales and service personnel in Vietnam the greatest impact on the TCL, the yuan against the U.S. dollar in recent years, as well as the continuing appreciation against the VND.
Said, according to Wang, TCL Vietnam's major components and products need from China or other countries from ASEAN imports. Some accessories, such as plastics, packaging materials, electronic materials such as small is the direct procurement from Vietnam. So this is the case, the yuan rise against the Vietnamese dong from 1:1900 to 1:2350, 1:2700 or even on the black market is the conversion of the era, the cost impact of the TCL in Vietnam is very big.
TCL Vietnam's response strategy is to continuously introduce new products, so you can continually raise prices and absorb the rising costs of raw materials and workers as part of the wage price increases.
"What country a new product to be out here to participate immediately. Because the TV standard is the same. We are here as long as a change of art (design) can be more." Marketing manager Chen Lei told the reporter explained that can resolve part of the RMB to bring up the cost.
Dollar exchange rate risk is another problem for TCL Vietnam.
VND had been very stable against the dollar, the rate of 16000:1, the recent sudden drop in the open market, to 18000:1 dollars, nearly 12%. The black market exchange rate, foreign exchange control has been the real exchange rate countries such as Vietnam, a frame of reference. Moreover, even if the official exchange rate in Vietnam, recently demoted by 2%.
With Zongshen engine is not the same for the TCL Vietnam, they face in the retail market, so the sharp depreciation of the VND will greatly affect the profits of TCL Vietnam. I am a professional writer from China Food, which contains a great deal of information about solar hot water australia , solar powered roof vents, welcome to visit!
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