Why Do Chinese Enterprises Invest In Vietnam'S Textile Industry?

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(P) Vietnam media recently said that Chinese companies invested in Vietnam not only brought some funds but also did not produce any other benefits, because Chinese enterprises brought workers directly from China while implementing related projects without giving Vietnamese jobs any job opportunities.

In addition, the investment of Chinese companies in textile and clothing industry has increased rapidly. This is nothing more than using Vietnam as a member of the p Pacific Partnership Agreement (TTP) and obtaining better trade treatment when exporting.

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Vietnam has been ranked first among Vietnam's direct investment (FDI) countries, with a total investment of $33 billion 400 million as of last year, followed by Singapore ($28 billion 800 million), followed by Taiwan (27 billion 490 million US dollars) and Korea ($24 billion 300 million).

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< p > China is not the top ten foreign source country, but its investment in Vietnam has increased rapidly from 345 million US dollars in 2012 to 2 billion 300 million US dollars at the end of 2013.

Analysts pointed out that China's capital entered Vietnam with a special purpose, and a large proportion entered the garment and textile industry. In this field, the competitiveness of Vietnamese local enterprises is still not strong.

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In addition, China's capital has been pouring into the Vietnamese real estate industry and the "sensitive" mining industry, but also to the processing industry - the added value of the industry is not very high. P

At the same time, China's capital also points to the infrastructure construction industry.

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< p > analysts and economists have expressed their concern more than once: Chinese companies have won 90% of the bid in Vietnam's most critical projects.

Some Vietnamese newspapers also expressed concern about the growing number of "Chinese villages".

The relatively concentrated places of Chinese people include Ha Tinh Province, Pingyang Province, Dak Nong province and so on.

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< p > < < a href= > //www.sjfzxm.com/news/index_c.asp > > Chinese company < /a > implementation of relevant engineering projects, the Chinese settlements gradually formed.

However, even after the completion of these projects, these settlements still exist.

Some economists worry that Chinese communities will spawn more "Chinatown" like Hu Zhiming.

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< p > China is not a member of the p Pacific Partnership Agreement (TTP), but Chinese companies are rushing to set up textile and garment factories in Vietnam to make use of Vietnam's trade opportunities as a member of TTP.

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< p > at this stage, Chinese companies have invested more and more capital in the acquisition of a href= < //www.sjfzxm.com/news/index_p.asp > Vietnamese enterprises < /a >.

At the end of last year, the Gaoling fund invested $40 million at the end of last year, buying a large stake in the Vietnamese coffee maker Vinacafe Bien Hoa and jumped into a shareholder of second.

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< p > Vietnam has three purposes to attract foreign investment: first, learn advanced foreign technology; second, absorb advanced management experience from foreign countries, enhance the qualification of Vietnamese enterprises; and third, create more jobs.

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< p > however, Chinese companies can not bring other benefits to Vietnam besides capital injection, especially in the creation of jobs, because Chinese companies often introduce Chinese workers to carry out their projects in Vietnam.

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