Although Vietnam has a large number of cheap labor, the quality of labor is generally not high. According to industry insiders, after three months of training, the pass rate of Vietnamese workers reached only 23%. This means that it will be very difficult for a junior high school student to take on the work of a high school student. The lack of labor quality leads to low production efficiency, which puts tremendous pressure on enterprises.
Vietnam's railway system is aging and undercapacityRail transportThe proportion accounts for only 1 percent of the volume of goods transported5%, logistics problems seriously restrict the development of enterprises. In addition, the instability of electricity** also brings great trouble to production. These objective hardware issues make Vietnam becomeThe world's factoryThere is a huge amount of resistance on the way.
Vietnam-made products have been met with skepticism from consumers. On the Internet, accusations of "poor quality and wrong goods" made in Vietnam are rampant, resulting in more and more returns. Consumers have said that when they see the label "Made in Vietnam", they will choose not to buy it. This negative evaluation has greatly reduced the image of Made in Vietnam in the minds of consumers, and made foreign companies much less optimistic about the Vietnamese market.
Due to various problems, Vietnam's competitiveness is gradually declining, and major foreign companies have withdrawn from the Vietnamese market. According to reports, foreign companies are dealing with VietnamInvestmentsIt can be seen that the amount has dropped from $5.3 billion in the first quarter of last year to $3.9 billion this yearInvestmentsEnthusiasm has diminished significantly.
The pessimism of foreign companies on the Vietnamese market is not only manifestedInvestmentsIn terms of the reduction of the amount, some manufacturing tycoons even chose to quietly move back to China. This is because they find that China's output rate is higher and it is difficult to get rid of ChinaChaindependence. This phenomenon once again proves China's strong competitiveness as a manufacturing powerhouse.
At the same time, a series of breakthroughs made by China in the field of technology have injected a strong impetus into the development of domestic manufacturing industry. For example,Carbon fiberCorner overtaking technology saves China 5 billion yuan in foreign exchange every year, and technological breakthroughs in the field of biotechnology have also promoted the development of related industries. The steady breakthrough of these technologies has made the Chinese market increasingly competitive, and the market can only be opened by offering lower** and smarter products.
Currently, Vietnam is facing large-scale layoffs and business closures, which industry estimates are likely to continue until 2024. Many female workers had to leave the factory in tears, feeling lost in the face of an uncertain future. Even if they can find a new job, their wages are meagre enough to make ends meet.
Foreign capital has also had to reassess whether the Vietnamese market is really comingThe world's factorypotential. Perhaps Vietnam's prosperity is only influenced by factors such as US sanctions, rather than its own strengths. In this case, we believe that China is the future development direction of the manufacturing industry.
In short, Vietnam is becomingThe world's factoryThere were many difficulties on the way, including poor labor quality, instability in logistics and electricity**, and product quality issues. Foreign companies have withdrawn from the Vietnamese market to the Vietnamese marketInvestmentsEnthusiasm has diminished significantly. As a major manufacturing country, China has excelled in technological breakthroughs and market competitiveness, and has become the first choice in the eyes of foreign companies. Vietnam's prosperity was short-lived, and only by being close to China could it find a way out. withManufacturing in ChinaWe have reason to believe that China will continue to lead the development of the manufacturing industry in the future.