The hottest GDP soars 71 Vietnam is stuttering up

2022-08-05
  • Detail

GDP soars by 7.1% Vietnam is "eating up" made in China

according to Bloomberg, in December, the recycled plastic granulator has a broad development space in China. Due to strong manufacturing output, Vietnam's economic success is worth mentioning that it has handed over a global best report card. According to the data of Vietnam's National Bureau of statistics, Vietnam's gross domestic product (GDP) grew by 7.3% year-on-year in the three months to December, and the annual GDP growth rate reached 7.1%, higher than the 6.9% predicted by 12 economists in the industry

Bloomberg pointed out that from footwear to intelligence, Vietnam's manufacturing industry covers almost all products, and the manufacturing industry and foreign countries are named as the strong growth of Kedi Huaguo investment, which is enough to support the "half sky" of Vietnam's economy. According to statistics, Vietnam's footwear exports reached 18billion US dollars last year, accounting for 7.4% of the global supply. It is second only to China among the top ten footwear exporters in the world

Vietnam said that its performance was excellent in both economic outlook and investment environment. According to the data, Vietnam's total foreign direct investment (FDI) in 2017 was nearly US $36billion, a year-on-year increase of 44%, breaking the record of the past decade. Just when the market generally believed that the growth rate of 44% was enough to make Vietnam hit the "ceiling", Vietnam's total FDI this year actually increased by another 9%, and its strength should not be underestimated

it is true that in recent years, Vietnam's low labor cost (the average monthly salary of workers is 1700) has attracted many foreign enterprises. Take a closer look at the foreign enterprises that have closed their factories in China, such as Samsung, Nikon, Panasonic, etc., all have built new processing bases in Vietnam. Among them, Samsung is the foreign enterprise that makes the largest contribution to Vietnam

when visiting Vietnam in October this year, Samsung threw an olive branch at the local manufacturing industry. Li Zairong, vice president of SamSung group, said that Samsung is willing to make long-term investment in Vietnam to build Vietnam into Samsung's largest production base. The result of the cooperation between Samsung and Vietnam is that at present, Samsung Vietnam has become the largest processing plant of Samsung. This year alone, it has created an export volume of more than $60 billion, accounting for a quarter of Vietnam's total export volume. This year, Vietnam's import and export increased by nearly 13% year-on-year, thanks to Samsung

the Foreign Trade Bank of France once predicted that under the influence of the international turmoil, Vietnam may "eat" China's parts in the labor-intensive manufacturing industry, which will not only wear and scratch the surface of some parts; Market share, becoming the biggest winner. The Vietnamese Prime Minister has also vowed that Vietnam has become a new generation of "world factory". From this perspective, will Vietnam really surpass China and become the next "world factory"

Copyright © 2011 JIN SHI