In order to crack down on China s manufacturing industry, the United States unexpectedly supported V

Mondo Finance Updated on 2024-01-29

AboutManufacturing in ChinaDiscussions of the transfer to Vietnam have been going on for a long time. On the one hand, the exhibitions held in Vietnam have attracted many Chinese bosses to come and inspect themManufacturing in ChinaThe impression that is massively being transferred to Vietnam;On the other hand, some experts say that only some will not be able to keep upEconomydevelopmentalTraditional manufacturingIt was transferred to Vietnam, and Vietnam is still far from being able to take on all the manufacturing in China. Since this issue relates to employment,EconomyIn terms of development and industrial upgrading, netizens have launched a heated discussion on this. This article will go through the analysisManufacturing in ChinaShifting trends, Vietnam's capacity to undertake and the possibility of internal migration in China provide answers to these questions.

There is indeed a tendency for China's manufacturing industry to shift to Vietnam, but this is not a sudden emptying of China's situation, but a slow and gradual process. With ChinaEconomyWith the relocation of high-tech enterprises, the energy level of the city continues to improve, and the original manufacturing factories will inevitably move out. In addition, factories in China from Western countries have also taken the lead in causing a wave of emigration. Compared with developed countries in the West, China started late, and the low labor cost in the past attracted many big brands of processing plants to invest and build factories in China. But withThe rise of ChinaAs manufacturing costs rise, these big brands have shifted their production capacity to Southeast Asia, seeking cheaper markets. This provokedChainPanic, someChainGoing abroad with these brands is also the result that international brands want to see.

Although Vietnam has increased in foreign investment in recent years, it has undertakenManufacturing in ChinaThe ability needs to be improved. First of all, Vietnam's labor costs are relatively low, which is an important factor in attracting foreign investment. However, the quality and technical level of workers in Vietnam is relatively low, and there is still a certain gap compared with China. In addition, Vietnam's infrastructure andChainThe system is relatively weak and lacks a level of integrity comparable to that of ChinaChainInternet. These problems have constrained Vietnam from undertaking themManufacturing in Chinacapacity.

AlthoughManufacturing in ChinaThere is a shift to Vietnam, but it does not mean that China will completely lose its manufacturing sector. ChinaEconomyLarge scale, strong technical strength, with a complete manufacturing system andChainInternet. China** has been promoting the upgrading and transformation of the manufacturing industry, increasing support for technological innovation and high-end manufacturing. In addition, some in Chinese mainlandMidwestis facingIndustrial transferThe opportunity has attracted some manufacturing enterprises to move back to their hometowns. Therefore, China still has the conditions to attract manufacturing in China, and is expected to achieve industrial upgrading and transformation.

In summary,Manufacturing in ChinaThere is indeed a shift to Vietnam, but this is not a case of sudden emptying out of China. Vietnam undertakesManufacturing in Chinacapacity needs to be improved, especially in terms of worker quality, technical level, infrastructure andChainetc. There are also opportunities and conditions for migration within China. Therefore,Manufacturing in ChinaThe shift to Vietnam is just one trend, not the whole story. Correctly viewing and understanding this trend is to promoteManufacturing in ChinaDevelopment and transformation and upgradingCritical

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