Recently, there have been some reports that Chinese companies are withdrawing from the investment boom in India and starting to invest in Vietnam on a large scale. According to the data, between January and November this year, Vietnam's approved foreign direct investment grew to US$28.8 billion, of which US$8.3 billion was invested by Chinese companies. At the same time, the well-known iPhone foundry Luxshare Precision has also increased its investment in Vietnam, and BYD, which faced the rejection of Indian investment, has also begun to expand in Vietnam. It can be clearly seen that Chinese companies are accelerating the pace of building the best chain in Vietnam. However, this situation has made India's "spearhead" go in the wrong direction.
First, India has mistakenly targeted Chinese companies. Although the Indian market is not always friendly to Chinese companies, many companies still want to set up factories in India in order to reap the dividends of the Indian market and cope with the relocation plans of companies such as Apple. However, in this case, India has resorted to rejecting investment applications from a number of Chinese companies or using other means to restrict them. They have even openly stated that Chinese companies investing in factories in India are not much of a help to India's made-in-India exports. In short, they put Chinese companies under the pressure of **. As a result, since India is so unwelcoming to some Chinese companies, it is entirely possible for these companies to speed up their presence in other markets, and Vietnam is a good choice.
Second, India has targeted the Vietnamese market. We all know that the Indian manufacturing industry has big ambitions. At first, they mainly targeted the Chinese mainland market, because for them it was a competitor to be reckoned with. However, India's ambitions have become even bigger as India's manufacturing export data has soared, and they have turned their attention to manufacturers in places like Vietnam. In order to promote the development of manufacturing in India, they have delayed the review of products from other regions**, including products from Vietnam, and required these manufacturers to undergo local safety verification before they can produce products. Perhaps the outside world said that their attitude towards their sustainable development is that no matter where there is a potential competitive trend, they are unwilling to save face for their opponents. Today, however, they are facing investments that are welcomed and embraced by Vietnam. Between January and November this year, Chinese companies accounted for 30% of foreign investment in Vietnam, and this figure does not include some investments made through overseas subsidiaries. It can be said that the actual situation of Vietnam attracting investment from Chinese companies is far better than the data suggests. Vietnam itself has been the first choice for many enterprises to diversify their chain layout, and now they have received more support, which can be imagined to put some pressure on India's manufacturing industry. In fact, this situation is the opposite effect of India's measures, which could have achieved win-win cooperation, but had to point the finger at the outside world. It can only be said that India really only cares about its immediate interests, and does not plan for its own long-term. If this continues, I am afraid that they will not only fail to achieve their goal of replacing the Chinese market, but may also be robbed of a lot of production capacity by other competitors. What do we think about this state of affairs?Feel free to leave a comment, like and share!
Recently, there have been reports from Japan that Chinese companies are withdrawing from the wave of investment in India and instead looking at the Vietnamese market. According to the data, from January to November this year, Vietnam approved foreign direct investment of 28.8 billion US dollars, of which 8.3 billion US dollars came from Chinese enterprises. At the same time, Luxshare Precision, which is the iPhone foundry, has increased its investment in Vietnam, while BYD, which was rejected by India, has also turned to Vietnam. This shows that Chinese companies are accelerating the establishment of ** chains in Vietnam. However, this situation shows that India is pointing the "spearhead" in the wrong direction.
First, India mistakenly targeted Chinese companies. Although the Indian market is not entirely friendly to Chinese companies, many companies still want to set up factories in India in order to share the dividends of the Indian market and cope with the relocation plans of companies such as Apple. However, against this backdrop, India has resorted to rejecting investment applications from Chinese companies or using other means to hinder their development. They have even openly stated that Chinese companies investing in India will not play a big role in India's manufacturing exports. In short, they put Chinese companies under pressure. As a result, India does not welcome some Chinese companies to invest, so Chinese companies can speed up their deployment in other markets, and Vietnam is a good choice.
Second, India has targeted the Vietnamese market. We all know that India's manufacturing industry has ambitious goals. At first, they mainly targeted the Chinese mainland market, as it was a competitor to be reckoned with for India. However, India's ambitions have increased as India's manufacturing export numbers have surged, and they have turned their attention to manufacturers in places like Vietnam. To boost manufacturing in India, they have delayed auditing products from other regions**, including products from Vietnam, and require these manufacturers to undergo safety verification in India before they can produce their products. Perhaps India's attitude towards sustainable development can be seen in its reluctance to save face with its competitors, wherever there is an underlying competitive trend. Today, however, they are faced with Vietnam's enthusiasm for investment. Between January and November this year, Chinese companies accounted for 30% of total foreign investment in Vietnam, not including investments made through overseas subsidiaries. It can be seen that Vietnam has attracted much more investment from Chinese companies than the data shows. Vietnam itself has become the first choice for many enterprises to diversify their chain layout, and now they are receiving more support, which can be imagined that they may put some pressure on India's manufacturing industry in the future. This situation is actually the opposite effect of India's measures, which could have achieved win-win cooperation, but chose to point the finger at the outside world. It can only be said that India only cares about its immediate interests and does not plan for its own long-term. If this continues, not only will it be difficult for them to achieve their goal of replacing the Chinese market, but they may also lose a lot of production capacity. What do you think about this?Feel free to leave a comment, like and share!
Recently, there have been reports from Japan that Chinese companies are retreating from the boom in Indian investment and are beginning to turn to the Vietnamese market. According to the data, from January to November this year, Vietnam's agreed foreign direct investment increased to US$28.8 billion, of which US$8.3 billion was from Chinese companies. At the same time, as a major OEM manufacturer of iPhone, Luxshare Precision has also increased its investment in Vietnam, and BYD, which was rejected by India, has also begun to expand in Vietnam. It can be seen that Chinese companies are accelerating the pace of establishing ** chains in Vietnam. However, this situation suggests that India is mistakenly pointing the finger at Chinese companies.
First, India has mistakenly targeted Chinese companies. Although the Indian market is not always friendly to Chinese companies, many companies still want to set up factories in India in order to reap the dividends of the Indian market and to cope with the plans of companies such as Apple to relocate to India. However, in this case, India has resorted to rejecting investment applications from Chinese companies or using other means to block them. They have even publicly stated that investing in India by Chinese companies will not greatly help India's made-in-India exports. In short, they put Chinese companies under pressure. Since India's investment in some Chinese companies is so unpopular, these companies can speed up their deployment in other markets, and Vietnam is a great choice.
Secondly, India has previously targeted the Vietnamese market. We all know that the Indian manufacturing industry has big ambitions. Initially, they focused on the Chinese mainland market, which is a competitor to be reckoned with in India. However, with the growth of India's manufacturing export data, India's ambitions have become even greater, and they have directly targeted manufacturers in places such as Vietnam. In order to boost India's manufacturing sector, they have postponed the audit of products from other regions**, including Vietnam. These manufacturers are also required to pass security verification in India before they can produce their products. Perhaps it can be said that according to the outside world, in the context of their continued development, they are not willing to give face to places that may become competitors. Now, however, they are faced with Chinese companies investing in Vietnam. According to the data, from January to November this year, Chinese companies accounted for 30% of foreign direct investment in Vietnam, not including investment through overseas subsidiaries. It can be said that the actual situation of Vietnam attracting investment from Chinese enterprises far exceeds the level shown by the data. Vietnam itself has become the first choice for many enterprises to diversify their ** chain layout, and now they have more support, and it is conceivable that they will have a certain degree of pressure on the Indian manufacturing industry. This situation is actually the opposite of India's approach, which could have achieved win-win cooperation but chose to target the outside world. It can only be said that India only cares about its immediate interests and does not think about its own long-term interests. If this continues, they will not only fail to achieve their goal of replacing the Chinese market, but may also lose a lot of production capacity. What do you think about this?Feel free to leave a comment, like and share!