The dream of "the world's factory" has gradually been shattered in the eyes of foreign companies that have moved to Vietnam. Rising labor costs have made this low-cost paradise less enticing. A factory manager in Vietnam said: "Workers here are starting to demand higher wages, and we are also facing a labor shortage. ”
Not only that, but Vietnam's infrastructure has also become a bottleneck for the manufacturing industry. An entrepreneur with operations in both China and Vietnam said: "Vietnam's transportation and power conditions cannot meet our large-scale production needs. "He would rather earn 3,000 yuan in China than 6,000 yuan in Vietnam. "Because it's too hot in there, the diet is not good. ”
What's even more troubling is that Vietnam lacks technical and talent support in the field of high-end manufacturing. A head of a U.S. company investing in Vietnam said: "Our investment in Vietnam is mainly focused on labor-intensive industries and low-end manufacturing. "This has also put Vietnam's manufacturing development in a difficult situation.
In the context of global economic integration, the stability and diversity of the ** chain are crucial. Over-reliance on a single region can lead to chain breaks, bringing risks to businesses. A company leader who built a branch plant in Vietnam said: "We had to suspend operations due to hot weather, employees asking for wage increases, transportation problems, etc. ”
Some netizens commented: "A well-known brand of shoes made in Vietnam has not yet been imitated in China, which also reflects Vietnam's problems in the quality and stability of the manufacturing industry."
Policy and stability are also important considerations for foreign companies investing in Vietnam. Vietnam's political and economic environment is relatively unstable, and policy changes and geopolitical risks may affect the investment and operation of foreign enterprises.
To sum up, after moving to Vietnam, foreign companies found that the dream of "world factory" was not as expected. Although Vietnam has some potential, there are still many challenges in terms of infrastructure, technical talents, and ** chain. Therefore, when considering investing in Vietnam, foreign companies need to comprehensively assess the various risks and opportunities.