Vietnam was once hailed as the new one".The world's factoryFigure 1: "Many foreign companies have moved their production lines from China to Vietnam. However, the recent sharp decline in Vietnam's export orders has led to a severe export crisis in Vietnam, with many factories closing and millions of workers losing their jobs. Vietnam originally expected to "surpass China" and becomeThe world's factorydreams are shattering. This article will ** Vietnam appearsEconomyCrashand the limitations of Vietnam's replication of China's development model.
According to official data, the number of companies that failed in Vietnam in the first half of this year exceeded 100,000, and even internationally renowned brands such as Adi and Nike had to carry out multiple rounds of layoffs, resulting in more than 1 million Vietnamese people losing their jobs. Previously, Vietnam's total foreign trade value had grown rapidly, giving people the impression of "surpassing China". However, due to the uneven quality of Vietnamese workers and the low yield rate of production lines, Vietnam's export orders plummeted, causing the manufacturing industry to suffer a heavy blow. This has made foreign media realize that the outside world's evaluation of Vietnam is too exaggerated.
ExceptEconomyThe superficial prosperity of the data is that the skill level and production quality of Vietnamese workers cannot match China's, especially in the high-end manufacturing sector. toApplesFor example, in ShenzhenFoxconnIn the factory, the product yield rate is close to 100%, while in the foundry in Vietnam, the yield rate is only 50%. This gap has led to a sharp drop in Vietnam's export orders and a hard hit to the manufacturing sector. The bottleneck of Vietnam's development lies in the fact that it has not established a complete industrial chain like ChinaChain, just relying on the hard-earned money of relying on foreign capital in low-end manufacturing.
Some think VietnamEconomyCrashThe reason is globalEconomyDownside, Western marketsPurchasing powerThe decline hit Vietnam. However, this explanation does not get to the root of the problem. China is in the sameEconomyIn the environment, the export value maintained a steady growth. China not only has the most complete industrial chain in the worldChainIt also actively promotes the development of high-end technology. Compare this with Vietnam'sChainIncomplete, over-reliance on low-end manufacturing. Vietnam lacks the core competitiveness of China and cannot replicate China's stability in a complex environmentEconomysuccess.
China has built its own industrial system through exploration and practice in the past few decades. China has successfully developed its manufacturing industry and established itself globally by adopting a local approach according to the actual situation and stage of development. However, Vietnam has only imitated China's superficial practices, but has not learned the inner essence of China. Vietnam, without core competitiveness, cannot replicate China's successful model and cannot become the next one."The world's factory
Vietnam has followed the path taken by China in the past few decades, joining the world organization and signing agreements with many countries. Vietnam has set a goal of "becoming a developed country in 100 years". However, Vietnam only imitated China's external practices and did not learnManufacturing in ChinaThe essence of success. Vietnam, which has no core competitiveness, can only replicate the superficial phenomenon, but cannot replicate the mystery of China's development. Therefore, Vietnam is not destined to become the next one".The world's factory
Vietnam had expected to "surpass China" to become new".The world's factoryHowever, the reality has cost Vietnam dearly. VietnameseEconomyCrashThere are two main reasons for this: first, the quality of Vietnamese workers is uneven, and they cannot match China's;Second, Vietnam is overly dependent on low-end manufacturing and lacks core competitiveness. Compared to China, Vietnam cannot replicate China's development model and therefore cannot be the next one".The world's factory”。This is the cruel reality of Vietnam's shattered dream, and it is also a lesson that other countries should ponder. In order to become a global leader in manufacturing, the country needs not only a complete industrial chain andChain, but also have core competitiveness and innovation ability. It isThe rise of ChinaThe experience is also a development path that other countries can learn from.