Microsoft to shut two Chinese plants, wrap up 9,000 layoffs

[Rechoice]

After China and India collapse, maybe the jungle can replace us and become the world's most dominant economic power (for once)

when you are sill washing dish samewhere in this world.

 

[Edison Chen]

you have a good humor sense.

lol hahaha

 

[BoQ77]

MV for Recruitment of Microsoft Mobile Vietnam

No more, even the name changed to "Microsoft Mobile"

Which company Vietnamese like to work for the most ?
#1 - Unilevel Vietnam
#2 - Vinamilk
#3 - Microsoft Vietnam
#4 - Abbott Lab
#5 - Nestle Vietnam
#6 - P&G Vietnam
#7 - HSBC Vietnam
#8 - IBM Vietnam
#9 - Cocacola Vietnam
#10 PepsiCo Foods Vietnam
#11 - HP Vietnam
#12 - Mobifone
#13 Suntory PepsiCo Vietnam
#14 - Viettel
#15 Samsung Vina
#16 GE Vietnam
#18 Bosch Vietnam
#20 - Intel
#21 Microsoft Mobile

 

[Edison Chen]

Which company Vietnamese like to work for the most ?
#1 - Unilevel Vietnam
#2 - Vinamilk
#3 - Microsoft Vietnam
#4 - Abbott Lab
#5 - Nestle Vietnam
#6 - P&G Vietnam
#7 - HSBC Vietnam
#8 - IBM Vietnam
#9 - Cocacola Vietnam
#10 PepsiCo Foods Vietnam
#11 - HP Vietnam
#12 - Mobifone
#13 Suntory PepsiCo Vietnam
#14 - Viettel
#15 Samsung Vina
#16 GE Vietnam
#18 Bosch Vietnam
#20 - Intel
#21 Microsoft Mobile

We Chinese are not proud of working for these companies.

 

[BoQ77]

Of course, they are Vietnamese companies. You can't.
---------
Because all of ??? Vietnam are Vietnamese companies, they must follow Vietnam laws, and if they want to hire foreigners as employees, they must get approval of Vietnam authorities.

 

[Edison Chen]

Of course, they are Vietnamese companies. You can't.

About 3 out of 21 companies listed above are pure Vietnamese, the rest? Please....BoQ77, even grow a second brain won't save you.

 

[BoQ77]

About 3 out of 21 companies listed above are pure Vietnamese, the rest? Please....BoQ77, even grow a second brain won't save you.

Because you are not good about law, I must tell you that 100% FDI company in Vietnam, is Vietnamese company.

 

[TaiShang]

What is Nokia, really? My grandpa used to have one.

That's good news. Unproductive industries better to leave China as the economy transitions. These kind of businesses are bound to end up in Vietnam, India and the likes.

It is no wonder that China has been the largest recipient of FDI in 2014 despite the fact that most low end manufacturing has already left China.

China now largest recipient of FDI inflows - FTSE Global Markets

In 2015, FDI to China is going to further increase, according to estimations.

 

[Echo_419]

Hope Vietnamese can save them ... sell more WP phones in Vietnam, LOL !

View attachment 197544

Sad to see such a great brand going down

 

[SpArK]

Lumia 1520... made In vietnam.... sounds tempting.

 

[BoQ77]

Sad to see such a great brand going down

Now here they come, Microsoft Mobiles

 

[Echo_419]

Now here they come, Microsoft Mobiles

Hopefully Microsoft will restore Nokia to its past glory

 

[BoQ77]

Nokia exit: Is China's 'golden age' of foreign investment over?

By Peter Ford, Staff Writer MARCH 9, 2015

• 
  
  Shanghai Pacific Institute for International Strategy/REUTERS
  View Caption

BEIJING — In the Yizhuang hi-tech industrial park in southeast Beijing, a gleaming seven-story glass and steel building that houses Nokia’s mobile phone factory will close by the end of the month. Its sister plant in southern China is to suffer the same fate as Nokia’s new owner, Microsoft, shifts jobs and investment to Vietnam.

Nokia's high-profile move is the latest sign that for international companies, China is losing some of its luster after years of shining as the brightest star in global capital's firmament. “The ‘golden age’ for business in China is drawing to a close,” a recent report by the European Union Chamber of Commerce in Beijing concluded.

China is still a huge, growing market that no global company can afford to ignore. Its economy, the world's second largest after the US, is expanding at around seven percent a year.

But for reasons ranging from air quality to restrictive rules, to higher costs of business and obstacles on market access, China has become a tougher place to do business. And that is putting off many foreign companies.

One big problem for these firms is simply that China’s economy isn't growing as rapidly. Seven percent a year is high by international standards but it is well down from the double-digit rates that astounded the world for the past 30 years. And most forecasters expect growth to slow further, while still outpacing Europe and the US.

A survey by the American Chamber of Commerce in Beijing last September found other reasons that made 2014 what it called “the most challenging year in recent history” for many of its members.

High among them was a widespread sense that Chinese laws are unclear and often arbitrarily applied. Fifty seven percent of US firms believed that foreign companies are being singled out in recent government anti-monopoly, anti-corruption, and pricing campaigns.

At the same time, foreign firms are being kept out of some of the most lucrative investment opportunities in China's service sector. “These are some of the most strictly controlled sectors in terms of foreign investment,” complains James Zimmerman, Chairman of the American Chamber of Commerce.

Nearly half of the survey respondents felt that foreign businesses are less welcome than they once were, and for the third year in a row the survey found an increase in the number of firms moving production out of China or planning to do so, though they still represent only 15 percent.

Dan Harris, who helps small and medium sized American companies operate in China, says that most of the businesses here he has helped to wind up have closed because of disappointing local sales, not because they are moving elsewhere.

Smaller firms cannot afford to move abroad because they have made big investments to establish themselves in China, Mr. Harris says. Nor are they big enough to take sufficient advantage of lower per-unit production costs to make a move from China to Vietnam worthwhile, as it has been for Microsoft, Intel and Samsung, among other global firms.

“But if the big companies go, the feeder firms will want to go too,” says Harris. “Eventually my clients will have to follow them.”

“A company puts its resources where it thinks its future market will be,” says Mr. Brennan. “China is not going away, but it is becoming just one market among others” while countries such as Indonesia offer the prospect of faster revenue growth.

“So far, companies have been focusing on China,” Brennan adds. “Now they are looking at southeast Asia and India too. We are seeing a groundswell shift in what companies are spending their time on."

 

[Beast]

Nokia exit: Is China's 'golden age' of foreign investment over?

By Peter Ford, Staff Writer MARCH 9, 2015

• 
  
  Shanghai Pacific Institute for International Strategy/REUTERS
  View Caption

BEIJING — In the Yizhuang hi-tech industrial park in southeast Beijing, a gleaming seven-story glass and steel building that houses Nokia’s mobile phone factory will close by the end of the month. Its sister plant in southern China is to suffer the same fate as Nokia’s new owner, Microsoft, shifts jobs and investment to Vietnam.

Nokia's high-profile move is the latest sign that for international companies, China is losing some of its luster after years of shining as the brightest star in global capital's firmament. “The ‘golden age’ for business in China is drawing to a close,” a recent report by the European Union Chamber of Commerce in Beijing concluded.

China is still a huge, growing market that no global company can afford to ignore. Its economy, the world's second largest after the US, is expanding at around seven percent a year.

But for reasons ranging from air quality to restrictive rules, to higher costs of business and obstacles on market access, China has become a tougher place to do business. And that is putting off many foreign companies.

One big problem for these firms is simply that China’s economy isn't growing as rapidly. Seven percent a year is high by international standards but it is well down from the double-digit rates that astounded the world for the past 30 years. And most forecasters expect growth to slow further, while still outpacing Europe and the US.

A survey by the American Chamber of Commerce in Beijing last September found other reasons that made 2014 what it called “the most challenging year in recent history” for many of its members.

High among them was a widespread sense that Chinese laws are unclear and often arbitrarily applied. Fifty seven percent of US firms believed that foreign companies are being singled out in recent government anti-monopoly, anti-corruption, and pricing campaigns.

At the same time, foreign firms are being kept out of some of the most lucrative investment opportunities in China's service sector. “These are some of the most strictly controlled sectors in terms of foreign investment,” complains James Zimmerman, Chairman of the American Chamber of Commerce.

Nearly half of the survey respondents felt that foreign businesses are less welcome than they once were, and for the third year in a row the survey found an increase in the number of firms moving production out of China or planning to do so, though they still represent only 15 percent.

Dan Harris, who helps small and medium sized American companies operate in China, says that most of the businesses here he has helped to wind up have closed because of disappointing local sales, not because they are moving elsewhere.

Smaller firms cannot afford to move abroad because they have made big investments to establish themselves in China, Mr. Harris says. Nor are they big enough to take sufficient advantage of lower per-unit production costs to make a move from China to Vietnam worthwhile, as it has been for Microsoft, Intel and Samsung, among other global firms.

“But if the big companies go, the feeder firms will want to go too,” says Harris. “Eventually my clients will have to follow them.”

“A company puts its resources where it thinks its future market will be,” says Mr. Brennan. “China is not going away, but it is becoming just one market among others” while countries such as Indonesia offer the prospect of faster revenue growth.

“So far, companies have been focusing on China,” Brennan adds. “Now they are looking at southeast Asia and India too. We are seeing a groundswell shift in what companies are spending their time on."

How can you use a sunset company exit as a gauge for China attraction of Foreign investment? If Apple is leaving China then it will be something but unfortunately Apple is more and more dependent in China market. 17% of iPhone are sold in China.

Dumb article!

 

[BoQ77]

How can you use a sunset company exit as a gauge for China attraction of Foreign investment? If Apple is leaving China then it will be something but unfortunately Apple is more and more dependent in China market. 17% of iPhone are sold in China.

Dumb article!

Hon Hai, Foxconn Vietnam plants