China no longer top clothes exporter to US as Vietnam gains market share

[Viet]

This is the first intelligent thing you've ever said. Congratulations! Indeed you are correct that sewing socks and underwear is beneath China's stature - but it's the perfect thing for a country like Vietnam. To be honest, I'd rather that work go to a country like Cambodia that has better relations with China. It seems China will have to sabotage Vietnamese industry with sanctions and the like so this business moves elsewhere.

Feel free to go to Cambodia nobody stops you. First thing you need to learn is to stop eating rice by chopsticks. Lots of made in China worth less than $1 can be seen in one dollar shop. You and other chinese talk as if China only makes high price stuffs.

 

[Viet]

You put too much importance to cheap labor...
Unlike garment, labor costs only a tiny fraction for the high-tech stuff like HSR, etc., the costs are lowered from R&D, economy of scale, supply chain, infrastructures, industrial process optimization and automation, etc...

Vietnam is about 15 years behind China in economic development. That’s good by any standard. If we consider we signed peace treaties with the US and China in the 1990s. You have better. While Vietnam‘a infra was completely destroyed. We started very late. You enjoy one of longest development period in history since 1945 with no wars on own sole. Economic wise you have to start somewhere even by zero. There is no reason to make joke.

 

[KAL-EL]

Good for Vietnam

 

[S10]

It's going to be a trend. Textile factories are moving to Vietnam while China climbs up the manufacturing train. In Guangzhou, you can't even hire a worker for less than RMB 5000 ($720 USD) a month. Dongguan is a bit cheaper, but you'd still need to pay above RMB 3000 ($430 USD) at the very least. You can hire similar workers for less than half that price in Vietnam.

 

[S10]

On an unrelated note, I notice more and more furniture are being made in Vietnam. Not just the cheap stuff at Ikea, but they're making high end stuff as well. I recently bought the exact set below:

It cost me $8,000 CDN, and I only found it was made in Vietnam when I was putting my mattress on it. The workmanship and material were excellent. I was pretty impressed.

 

[FairAndUnbiased]

Vietnam is about 15 years behind China in economic development. That’s good by any standard.

15 years ago SMIC was already a global top tier semiconductor foundry, producing at near leading edge nodes (<0.11 micron, 300 mm wafer). Are there any semiconductor foundries in Vietnam?

15 years ago Huawei was already exporting $4 billion worth in telecom equipment using its own IP. What about in Vietnam?

15 years ago Tencent, Baidu and Alibaba were already IT giants in social media, search and ecommerce. What about Vietnam?

You're only 15 years behind if you grow at the same rate China does. You won't because you don't have the same economic fundamentals.

 

[Viet]

On an unrelated note, I notice more and more furniture are being made in Vietnam. Not just the cheap stuff at Ikea, but they're making high end stuff as well. I recently bought the exact set below:

It cost me $8,000 CDN, and I only found it was made in Vietnam when I was putting my mattress on it. The workmanship and material were excellent. I was pretty impressed.

Good choice
We need more chinese buyers.

 

[Daniel808]

That's mean, Cheap labour intensive manufacturing moving to third world countries.

Because China moving to Higher Value Industry, like IT, Automotive, Aviation, etc.

Which is good for both, China and those third world countries

 

[Figaro]

15 years ago SMIC was already a global top tier semiconductor foundry, producing at near leading edge nodes (<0.11 micron, 300 mm wafer). Are there any semiconductor foundries in Vietnam?

15 years ago Huawei was already exporting $4 billion worth in telecom equipment using its own IP. What about in Vietnam?

15 years ago Tencent, Baidu and Alibaba were already IT giants in social media, search and ecommerce. What about Vietnam?

You're only 15 years behind if you grow at the same rate China does. You won't because you don't have the same economic fundamentals.

I think he is mainly quality of life in Vietnam, which has undoubtedly made great strides. I don't think he meant that Vietnam technology is 15 years behind that of China ... instead he is talking about life in Vietnam, for which I think 15 years behind is reasonable.

On an unrelated note, I notice more and more furniture are being made in Vietnam. Not just the cheap stuff at Ikea, but they're making high end stuff as well. I recently bought the exact set below:

It cost me $8,000 CDN, and I only found it was made in Vietnam when I was putting my mattress on it. The workmanship and material were excellent. I was pretty impressed.

That is one hell of a master's set

 

[S10]

That is one hell of a master's set

Getting married soon. Gotta get new furniture.

 

[ZeEa5KPul]

Getting married soon. Gotta get new furniture.

Congratulations!