"Vietnam Made" Is Becoming More And More Common In Place Of "Made In China".

I went shopping last weekend.

and

Brand basketball

When shoes and socks arrived, they found that one of the six pieces (made in China) was made in China. One of the remaining five (double) was made in South America, and the remaining four (double) were all made in Vietnam.

In the United States, "Vietnam manufacturing" is becoming more and more common. This corresponds to the fact that the wave of "landing" Vietnamese factories in western countries is also rising.

Take the LONG AN Province, a major agricultural province in the southern part of Hou Chi Ming City, for example, more than one dozen industrial parks have been built now, and more and more processing industries are being settled. Large factories in many Western companies have begun to produce their products here.

Avery Dennison Corp, the world's largest clothing company based in California, is a typical example. In July last year, they opened a large processing plant in Vietnam. Now the Vietnamese workers who worked there have improved their technology very quickly, and have been able to do some more complicated processing, such as sewing Nike super light upper and selling Eli Dennison's sports shoes up to a pair of US $200 in the US.

As of May last year, the province alone attracted about $3 billion 670 million in foreign investment, of which 40% was clothing and textile industry.

If we look at the trend of import volume from Vietnam in the past few years, it will not only increase year by year, but also increase every year.

In the US, it is beginning to feel that "Vietnam made" is replacing "made in China".

　　如果你觉得纺织服装业迁址越南已经足够让中国加工业警示的话，这还不是最糟糕的，更糟糕的是越南正在成为世界新兴的电子工业中心，尤其是世界大型手机生产公司的热宠，譬如，三星(Samsung)已有两个产品在越南生产，投资总额达75亿美元;LG公司也在那里生产手机和其他的电器，总投资额15亿美元;微软(Microsoft)在越南也有手机生产工厂，总投资3.2亿美元;此外苹果的法定加工商富士康(Foxconn)已经在越南建了工厂，不过尚没开始生产苹果产品;而苹果公司自己最近也在越南迈出了第一步，继去年10月底在越南开了一家分工厂，今年更是拟投资10亿美元在越南建立苹果在亚洲的研发中心，据消息透露地点很可能在河内，目前越南政府正在协助苹果公司完成必要的行政手续，更详细的安排还有待落实之后才能得知。

What is more alarming is that in order to match the shift of the manufacturing focus from China to Southeast Asia, Mitsui OSK Lines, Japan's largest shipping company, recently plans to invest in a container port expansion project in Vietnam, with a total investment of 1 billion 200 million US dollars.

Ikeda Junichiro, Junichiro Ikeda, publicly acknowledged the decision to deal with the situation of more and more big manufacturers closing factories in China and pferring production to low-cost manufacturing centers in Vietnam.

Why is it that the "China plus one" in the past Asian manufacturing economy has become one of the few emerging economies in Southeast Asia, and has become the "not China" nowadays? Especially in favour of Vietnam's new economy? I think there are three main reasons.

The first is that China's wage and labor costs are soaring, and Bloomberg statistics show that the wage level in Vietnam is now almost half of China's wages and that the lack of labor in China's red population has worsened the wage disadvantage.

In the US, it is beginning to feel that "Vietnam made" is replacing "made in China".

The two is the p Pacific Partnership Agreement (TTP) agreement to be ratified by all participating countries.

If the TPP agreement is approved, the abolition of tariffs among the signatory countries will benefit most from developing countries such as Vietnam and Malaysia, which rely mainly on exports. Not only will more international big companies invest in factories, but they can also enter larger consumer markets, such as the United States and Japan, and Peterson Institute for International Economics predicts that Vietnam will become one of the fastest growing economies in the world by 2050.

Japan's relevant research institutes also gave similar results. For example, the Japanese Trade Promotion Agency (JETRO) found in the annual survey of Japanese enterprises with overseas businesses that the planned expansion of business in China has dropped to less than 40%, the first time since the launch of the survey in 1998. On the contrary, a report published by Mizuho Research Institute has claimed that Vietnam is a far more capital raising target than other countries in the 12 signatories of TPP.

The third reason comes from Vietnam's various preferential policies for recruiting foreign investment.

Take the Avery Dennison clothing company as an example, the person in charge openly admitted that "Vietnam needs only 30 years to do things in the past, and Vietnam only needs 10 years now, so more and more large companies are moving to Vietnam to build factories". At present, the factory's occupation and design space in Vietnam can fully meet its expansion before 2020, but the company has already been aiming at the possible expansion of TPP after signing it.