According to the statistics of the Vietnamese government, from January to May this year alone, the import of electronic and mechanical equipment from China increased by 80.8% over the same period last year. During this period, the amount of investment from China even exceeded the figure of last year's whole year. "The current trade frictions between the United States and China also bring business opportunities to Vietnam," said the operator of the industrial zone.
Many large enterprises have begun to layout and migrate production lines to countries such as India.AppleHas teamed up with Foxconn and Shuohe Weichang Communications Company to produce low-end products in India.IPhoneAndthree stars It also opened the largest in the world in India.Mobile phoneManufacturing factories.
Outside of India, some large enterprises are also targeting Indonesia, Thailand and Vietnam, among which Vietnam is the focus. The New York Times was quoted as reporting that manufacturers in the country were negotiating with technology giants and hoping to expand their capacity.
At present, the main difficulty in Vietnam's production is the cost of various materials, many of which are imported from China. The most typical example is plastics, which costs 5% to 10% more in Vietnam than in China, and local suppliers do not have enough incentive to improve.
Vietnam is currently working hard to develop infrastructure and has signed trade agreements with the European Union, which has attracted many technology companies. A more convincing piece of news is that Foxconn has bought a piece of land in Vietnam to add production lines. Although Apple is unlikely to migrate to Vietnam this year for the production of the iPhone, this trend has already been shown.