Vietnam, Chinese enterprises have limited impact on inflation
Vietnamese companies new hope to adjust the product structure in order to defuse the risk of Hubei Yihua withdraw staff in Vietnam, most of the company is still waiting to see
Few months ago, Vietnam or China production bases of the major objectives. However, with Vietnam's economic turmoil, many companies had to change tactics again.
Investment projects in Vietnam most recent weakness of China's listed companies have issued a public notice. As the VND devaluation and other factors, a small number of companies affected to some extent, but most companies that operate in Vietnam have limited impact on economic fluctuations.
Months, more than double-digit inflation rate in Vietnam and rising, huge trade deficit, VND depreciation. Market that the VND will be 12 months more than 30% devaluation against the dollar. Including institutions, including Morgan Stanley issued a report warning Vietnam may repeat the mistakes of 1997 in Thailand led to a new Asian economic crisis.
Currently, Chinese companies investing in Vietnam textile,
Home Appliances
, Feed and other production-based low-cost labor-intensive industries.
Sichuan New Hope Agriculture Co., Ltd (Shenzhen Stock Exchange code: 000 876, hereinafter referred to as the new hope) that the new hope in Vietnam, Hanoi, Ho Chi Minh, Haiphong were put into three feed production enterprises, there is a fish feed on the same tower in construction. As inflation VND depreciation, new hope has suffered some loss of profits; raw material prices, production costs, logistics costs, labor costs have increased; operating liquidity tight, the demand for the amount of funds increased. The rising costs of issuance of letters of credit and financial costs.
New Hope said, is adjusting its product mix and price, to defuse the risk of inflation.
Hubei Yihua Chemical Industry Co., Ltd (Shenzhen Stock Exchange code: 000 422, hereinafter referred to Hubei Yihua) has withdrawn chemical projects in Vietnam staff. Hubei Yihua in 2005 to establish 105 million investment in Vietnam Vietnam Vietnam and China Chemical Industry Co., Ltd., the production of urea and other fertilizer products, but not yet started. Hubei Yihua said, because in Vietnam there is no money or other assets, the economic turmoil has not caused direct economic losses to the company.
Guangdong Midea Electric Appliances Co., Ltd.
(Shenzhen Stock Exchange code: 000 527, hereinafter referred to as the United States electrical) and Zhejiang Supor Co., Ltd (Shenzhen Stock Exchange code: 002 032, hereinafter referred to Supor) are set up in Vietnam branches, products mainly to Vietnam and Southeast Asian market and local supply, the lower the proportion of localized procurement, settlement currency in U.S. dollars, from VND devaluation effects.
Both companies said that as the production base in Vietnam Vietnam's dependence on low, Vietnam Vietnam's production base of economic fluctuations did not materially affect the operations.
Qingdao Jin Wang Applied Chemistry Co., Ltd. (Shenzhen Stock Exchange code: 002094), and Zhe Jiang Hailiang Co., Ltd. (Shenzhen Stock Exchange code: 002203) also announced that less affected by fluctuations in the Vietnamese economy.
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Originally planned to set up factories in Vietnam this year, but with Vietnam's economic crisis, had shelved the plan.
Most of the enterprises that are watching the economic situation in Vietnam, and then make a decision.
China Textile Network
According to the information, the Chinese Chamber of Commerce vice president He Changshun said the financial crisis on the Vietnamese textile enterprises in China has little effect, as the textile products are exported to Europe and the United States in Vietnam production, and pay in dollars, so in Vietnam Most companies are waiting and watching, there are no corporate divestment home.
I am China Manufacturers writer, reports some information about roll towel dispensers , center pull paper towel dispenser.
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