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Introduction: Will Vietnam become the next "world factory"? Apple and Foxconn "run away". What are the signals?
As we all know, as a superpower with a population of 1.4 billion, my country also plays an extremely important role in the global market; over the years, with the rapid development of China's economy, my country's continuous release of demographic dividends and land, resources and other dividends has also attracted many technology companies such as Apple, Foxconn, , Samsung, and to come to the mainland market to develop, which has also made my country the world's largest production and manufacturing base, and even become the "world factory"!
Will Vietnam become the next "world factory"?
Over the years, China's manufacturing has been a loud business card for us. Products of small factories in Yiwu have been sold all over the world. In order to increase foreign trade, we have also opened China-Europe freight trains. It is worth mentioning that as the demographic dividend period of my country's gradually dissipated, the global economic structure has gradually changed. Among them, Vietnam, the leader of my country, has developed particularly rapidly in recent years. In the global production and manufacturing industry, Vietnam's status is gradually changing. After Apple and Foxconn collectively "run away" and moved to Vietnam , the outside world also said that Vietnam will become the next "world factory"!
Apple and Foxconn collectively "run away" and entered the Vietnam market to develop
The strong production capacity of the Chinese market and the huge consumer market have been attracting Apple, Foxconn and other companies to develop in the mainland Chinese market, in order to increase profits and reduce the risks of a single market, and avoid being stucked by the development like Huawei , Apple and Foxconn have also changed their attitude towards the mainland Chinese market in recent years. After Apple stated that they would go to India and Vietnam to build factories, Foxconn's Guo Taiming also followed closely and began to enter the Vietnam market!
What signal does the market release?
Now, Apple has announced that it will produce iPhone phones in Vietnam, and Foxconn also said it will invest US$300 million to establish production factories in Vietnam; in addition, even South Korea's Samsung is planning to expand its production scale in the Vietnamese market, and Samsung has closed almost all mobile phone factories in the mainland market and shifted its production focus to Vietnam and local markets. With the help of these giants, Vietnam is likely to become the next "world factory". So what are the signals that , a technology giant such as Apple and Foxconn, collectively "run away".
You should know that these technology giants have collectively "run away" and have increased their efforts to develop in the Vietnamese market, mainly because on the one hand, they can reduce costs and increase profits; on the other hand, they can disperse supply chain resources and reduce their dependence on a single market. The Vietnamese market not only has a lower labor cost, but is much lower than that of mainland China. In addition, Vietnam has also given a large amount of land, tax and other resources in recent years, which is also very useful to attract these technology giants to build factories in Vietnam. Moreover, the labor efficiency of the Vietnamese market is also relatively high, far higher than that of markets such as India. Under the influence of these factors, many technology companies have invested in and built factories in Vietnam!
These technology companies invest in and build factories in Vietnam, which also sends out signals that the focus of technology companies' development has changed. You should know that as technology companies, of course, they are chasing profits; and developing in the Vietnamese market can not only increase product profits, but also disperse the risks of the single industrial chain, so Vietnam has naturally become a hot commodity in the eyes of major technology companies. Although Vietnam may become the next "world factory", my country's production and manufacturing industry is still irreplaceable in the global economic field. I wonder what you think about this?
