What's new

Why You May Soon See More Goods Labeled ''Made in Vietnam''

DaiViet

FULL MEMBER
Joined
Oct 12, 2013
Messages
557
Reaction score
0
Country
Viet Nam
Location
United States
I like the part where it said what took China 30 years is taking 10 years in Vietnam. Similar to another article about intel locate its facility to Vietnam where intel director said, what took China 30 years, take Vietnam 10 years.

Hehehe, Good job Nguyen Tan Dung and Tpp his Tpp strategy. Its entertain to see Asia countries rivalries in many fields, economic, culture and military influence among China, Japan, Korean, Vietnam.

Korea needs to unify and independent on its military, right now, Korea economic is second place after Japan, its entertainment industry culture Kpop, kdrama is leading. Though its military and politic does not have any influent in region affair.

Japan still leader in all field, except military where it face competion with China for regional influence.

Vietnam is far in the bottom of everything but progress fast, soon will be very competitive as it is holding some influent among mekong countries..


LONG AN, Vietnam--This rural expanse of pineapple fields and mango trees south of Ho Chi Minh City is a good place to see how the winds of global trade are shifting.

Already, massive factories have sprung up here to make goods for Western companies such as sportswear maker Nike Inc., taking advantage of Vietnam's young workforce and wages that are roughly half those in China.

This largely agricultural province, located near Vietnam's most populous city, now has more than a dozen industrial parks, and is playing host to an increasing amount of manufacturing. By May, it had attracted pledges of $3.67 billion for foreign investment, about 40% of it for the garment and textile industry.

Economists say this growth could accelerate if the U.S. and 11 other Pacific Rim nations ratify the Trans-Pacific Partnership agreement, a landmark trade deal concluded earlier this month. The deal would eliminate certain tariffs between members, mostly benefiting developing nations such as Vietnam and Malaysia, whose growth depends heavily on exports.

The trade agreement would be "fantastic if it happened," says Frank Smigelski, a vice president at Avery Dennison Corp., one of the world's biggest makers of clothing labels and tags. In July, the company, which is based in Glendale, Calif., opened a 300,000-square-foot facility in Long An. Inside, sewing-machine-like contraptions print tags for Japanese clothing brand Uniqlo, while workers pour red ink into giant machines that print the labels sewn into North Face outdoor-sports clothes.

The TPP "would encourage more garment manufacturers to push volume here, " says Mr. Smigelski. "The more they come, the more we'd benefit."

Skyrocketing wages and a growing labor shortage in China are heightening Vietnam's appeal. The country's growth has waxed and waned since the 1980s, when its leaders ushered in an era of market-oriented reforms.

Last year, foreign direct investment into Vietnam totaled $12.4 billion, up nearly a quarter from 2009. One of the biggest investors is South Korea's Samsung Electronics Co., which plans to nearly double its current $4.5 billion investment in manufacturing electronics in the country.

If the trade deal goes through, Vietnam's economy would be the single largest beneficiary, because it would gain much greater access to large consumer markets, according to the Peterson Institute for International Economics, a Washington-based think tank.

The pact "gives those inside privileged access to the U.S. and Japan," said Chris Clague, a senior consultant at the Economist Intelligence Unit.

The Vietnamese government estimates that TPP could boost Vietnam's economy by $33.5 billion during the next decade, roughly a fifth of the country's current gross domestic product. Exports from its key garment and footwear industry, one of the biggest TPP beneficiaries, could jump 46% to $165 billion by 2025 as tariffs gradually fall to zero, the Peterson Institute says.

Money pouring into the Southeast Asian economy could make Vietnam one of the world's two fastest-growing large economies between now and 2050, along with Nigeria, if overall trade restrictions continue to lift, according to consulting firm PricewaterhouseCoopers.

In Long An province, Avery Dennison's gleaming three-story factory, located in an industrial park dominated by Japanese and Korean investors, is preparing for a surge in orders for garment-care tags, labels and price tags.

Down the street, dozens of concrete homes for factory workers are sprouting among the tall weeds that still cover parts of the area, a sign that other manufacturers are coming here too.

The Long An facility should give Avery Dennison room to grow through 2020, but the company will consider expanding if apparel production surges because of the trade deal, Mr. Smigelski says.

How much Avery Dennison and others in Vietnam's apparel industry benefit from the trade deal will depend on the final details.

Many analysts expect the deal to require that everything from yarn to the final garment itself come from member countries in order to qualify for the elimination of tariffs, a stipulation favored by U.S. yarn and textile producers.

Such a rule could leave manufacturers scrambling to comply since Vietnam imports most yarn and fabrics from China and other countries that aren't part of the pact. In the long term though, a strict local-content rule could push even more apparel-making business to Vietnam if yarn and fabric weavers are forced to set up in the country, Mr. Smigelski says.

Avery Dennison has begun to do more sophisticated manufacturing in Vietnam, using giant looms to produce Nike's lightweight shoe uppers. A machine with yellow and green harnesses holding spools of yarn makes a deafening click-clack sound as it rapidly imprints a silhouette of a leaping Michael Jordan on the high-end shoes, which retail for about $200 a pair.

The skills of Vietnamese workers are increasing exponentially every year, and the country is able to accommodate ever more complex production, according to Avery Dennison.

"What took 30 years in China is taking 10 years in Vietnam to happen," said Mr. Smigelski. That is why "more and more companies are making bets on Vietnam."



Read more: Why You May Soon See More Goods Labeled ''Made in Vietnam'' - NASDAQ.com
 
.
"I like the part where it said what took China 30 years is taking 10 years in Vietnam"

This is why Vietnam and other TPP countries are more advanced than China. Sorry Chinese people.
 
. . . .
I remember vividly the same words when NAFTA was signed that the world will see more Made in Mexico stuffs. Look where Mexico has been ever since. :lol:

This fake german Gotter always bad mouth Vietnam and Japan while true german does the opposite. Is fake BMW not enough, now chinese fake german too. Why you chinese has to go through all shameful fake others to make chinese look leverage? See us Viet we fake no one, one proudly viet.

Siemens seeks big opportunities in Vietnam
German-backed Siemens AG Group will expand its business in Vietnam in many sectors.

ctSM.jpg

Joe Kaeser
The group’s president and chief executive officer Joe Kaeser told VIR that Vietnam’s rising demand for energy and infrastructure works was creating huge opportunities for Siemens to do bigger business in Vietnam.

“We will expand our business in Vietnam, with a long-term commitment, in providing high technologies in the sectors of infrastructure, healthcare, urban management, mobility, airports, and efficient logistics. We will also boost our co-operation with Vietnam’s universities to help Vietnam produce a high-quality workforce,” he said.

Notably, he said that Siemens was greatly interested in providing technology for metro lines in Vietnam, firstly in Ho Chi Minh City and then Hanoi. “Metros will help people move faster. Meanwhile, Vietnam is facing big traffic problems.”

Siemens also suggested that the government focus on developing gas-fired power plants rather than coal-fired power plants. Additionally, Vietnam should have incentives for investors who develop wind-power plants in Vietnam, with a rise in the price of wind power.

“With our state-of-the-art technologies and years of operations in Vietnam in the power sector, we are greatly interested in the upcoming important gas-fired power projects in Vietnam, such as O Mon 3 and 4, the expansion of Nhon Trach 2, Kien Giang 1 and 2, and other gas-fired power plants in the central region of Vietnam,” Kaeser said.



At a meeting with Vietnam’s Prime Minister Nguyen Tan Dung on October 16, Kaeser called upon the Vietnamese government for its bigger support to Siemens and to boost the enactment of policies on the usage of environmental-friendly and high-efficient technology in order to develop the country’s infrastructure.

According to Kaeser, Vietnam’s market is full of big potential for Siemens. The country’s economic high growth and population of more than 90 million people have led to big demands for power, infrastructure and high technology.

“Siemens’ technology will make differences, which will help Vietnamese people have a better life,” he noted.

Siemens Vietnam dates back to 1979, when the company supplied and installed two industrial steam turbines at Bai Bang Paper Mill. The establishment of Siemens’ representative offices in 1993 and the turn into limited company in 2002 are the group’s most significant and far-reaching steps in its history in Vietnam.

During several decades, Siemens has successfully participated in numerous Vietnam’s infrastructure projects. Today, Siemens is a market and innovation leader in the fields of power and gas, energy management, power generation services, mobility, building technologies, digital factory, process and drives as well as in healthcare.
 
Last edited:
.
This fake german Gotter always bad mouth Vietnam and Japan while true german does the opposite. Is fake BMW not enough, now chinese fake german too.

Siemens seeks big opportunities in Vietnam
German-backed Siemens AG Group will expand its business in Vietnam in many sectors.

ctSM.jpg

Joe Kaeser
The group’s president and chief executive officer Joe Kaeser told VIR that Vietnam’s rising demand for energy and infrastructure works was creating huge opportunities for Siemens to do bigger business in Vietnam.

“We will expand our business in Vietnam, with a long-term commitment, in providing high technologies in the sectors of infrastructure, healthcare, urban management, mobility, airports, and efficient logistics. We will also boost our co-operation with Vietnam’s universities to help Vietnam produce a high-quality workforce,” he said.

Notably, he said that Siemens was greatly interested in providing technology for metro lines in Vietnam, firstly in Ho Chi Minh City and then Hanoi. “Metros will help people move faster. Meanwhile, Vietnam is facing big traffic problems.”

Siemens also suggested that the government focus on developing gas-fired power plants rather than coal-fired power plants. Additionally, Vietnam should have incentives for investors who develop wind-power plants in Vietnam, with a rise in the price of wind power.

“With our state-of-the-art technologies and years of operations in Vietnam in the power sector, we are greatly interested in the upcoming important gas-fired power projects in Vietnam, such as O Mon 3 and 4, the expansion of Nhon Trach 2, Kien Giang 1 and 2, and other gas-fired power plants in the central region of Vietnam,” Kaeser said.



At a meeting with Vietnam’s Prime Minister Nguyen Tan Dung on October 16, Kaeser called upon the Vietnamese government for its bigger support to Siemens and to boost the enactment of policies on the usage of environmental-friendly and high-efficient technology in order to develop the country’s infrastructure.

According to Kaeser, Vietnam’s market is full of big potential for Siemens. The country’s economic high growth and population of more than 90 million people have led to big demands for power, infrastructure and high technology.

“Siemens’ technology will make differences, which will help Vietnamese people have a better life,” he noted.

Siemens Vietnam dates back to 1979, when the company supplied and installed two industrial steam turbines at Bai Bang Paper Mill. The establishment of Siemens’ representative offices in 1993 and the turn into limited company in 2002 are the group’s most significant and far-reaching steps in its history in Vietnam.

During several decades, Siemens has successfully participated in numerous Vietnam’s infrastructure projects. Today, Siemens is a market and innovation leader in the fields of power and gas, energy management, power generation services, mobility, building technologies, digital factory, process and drives as well as in healthcare.


True Germans do this in my city:
ttip-ceta-protest-1260-jpg--1779cad623f4782a-.jpg


And in Berlin:
20151010-ttip-hunderttausende-berlin.jpg


In Münster:
Münster-gegen-TTIP-Warmup-Berlin0915-73-450x300.jpg


In Munich:
783955697-ttip-demo-kruse_20150419-162433-Mo7p0qBbNa7.jpg
 
.
I remember vividly the same words when NAFTA was signed that the world will see more Made in Mexico stuffs. Look where Mexico has been ever since. :lol:

I was in Mexico in -1994 and things were really bad.The only cars you saw on the road were Volkswagen taxis. Children ages 5-10 were tying strings on your wrist and asking for any kind of spare change in return. Grown men would run up and open doors for you with one hand and outstretch the other for some money.

It wasn't unusual for people to hand over all their pesos to little kids before heading to the airport for the flight back home.

Now you see private cars all over the place. No kids begging for change.

While drug gangs are still making life horrible it was far worse back then for the average person.
 
. .
I was in Mexico in -1994 and things were really bad.The only cars you saw on the road were Volkswagen taxis. Children ages 5-10 were tying strings on your wrist and asking for any kind of spare change in return. Grown men would run up and open doors for you with one hand and outstretch the other for some money.

Now you see private cars all over the place. No kids begging for change.

While drug gangs are still making life horrible it was far worse back then for the average person.

NAFTA: 20 years of regret for Mexico | Mark Weisbrot | Comment is free | The Guardian
Since 2000, the Latin American region as a whole has increased its growth rate to about 1.9% annually per capita – not like the pre-1980 era, but a serious improvement over the prior two decades when it was just 0.3%. As a result of this growth rebound, and also the anti-poverty policies implemented by the left governments that were elected in most of South America over the past 15 years, the poverty rate in the region has fallen considerably. It declined from 43.9% in 2002 to 27.9% in 2013, after two decades of no progress whatsoever.

But Mexico hasn't joined in this long-awaited rebound: its growth has remained below 1%, less than half the regional average, since 2000. And not surprisingly, Mexico's national poverty rate was 52.3% in 2012, basically the same as it was in 1994 (52.4%). Without economic growth, it is difficult to reduce poverty in a developing country. The statistics would probably look even worse if not for the migration that took place during this period. Millions of Mexicans were displaced from farming, for example, after being forced into competition with subsidized and high-productivity agribusiness in the United States, thanks to NAFTA's rules.

NAFTA Is 20 Years Old – Here Are 20 Facts That Show How It Is Destroying The Economy | Global Research - Centre for Research on Globalization

And I dont see any true german praising Chinese while talk down Viet and Japan. Only fake german like you do.

Boy, I couldn't care less about Vietnam or Japan.

I care for the benefit of my country and we get the most benefit from a 1.3 billion market, not Vietnam.

Funny how you know who is a true German. Sprichts du überhaupt Deutsch? :lol:
 
.
. .
Boy, I couldn't care less about Vietnam or Japan.

I care for the benefit of my country and we get the most benefit from a 1.3 billion market, not Vietnam.

This statetement above see how fake you are, I dont see german that obsessed with Japanese culture, anime, manga, video game, jpop and is biggest trade E.U. country with Vietnam and admire Vietnamese spirit for defeat U.S., turn to talk down Vietnam and Japan while praising Chinese for which country most german dislike for faking bmw and poisoin products in europe. You are more of fake than true german. Look up the articles I posted see if those true german think like you do. Time to change your flag to china fake german.

See how lack info you are to fake german
"Germany is Vietnam’s biggest European trade partner, as the two-way trade turnover amounted to nearly $8 billion in 2014, more than 20 per cent of Vietnam’s overall trade with the EU. "
 
Last edited:
.
This statetement above see how fake you are, I dont see german that obsessed with Japanese culture, anime, manga, video game, jpop and is biggest trade E.U. country with Vietnam and admire Vietnamese spirit for defeat U.S., turn to talk down Vietnam and Japan while praising Chinese for which country most german dislike for faking bmw and poisoin products in europe. You are more of fake than true german. Loo up the article I posted see if those true german think like you do.

How old are you? Still watching anime? :lol:

Our export to China was Euro 74 billion in 2014. Export to Vietnam was USD 2.6 billions.
 
.
How old are you? Still watching anime? :lol:

Our export to China was Euro 74 billion in 2014. Export to Vietnam was USD 2.6 billions.
I dont watch anime but many germans do. Look up google. Your knowledge about german and Vietnam is limited. Trade between Vietnam and Germany is 8$ billions. Germany is the biggest trade with Vietnam among EU and is one of biggest Vietnamese donor. Germany is also among the biggest official development assistance donors to Vietnam and serves as a gateway for Vietnamese products to penetrate and expand markets in other countries in the region.

Look at shameful smiley face in your posts and how you keep insisting and proving how a true german should behave by constantly talk down Vietnam and Japan while praising China.

And since germany does not have any territoy dispute with neither Japan or Vietnam. I dont see constantly talk down Vietnam and Japan that a german would do. You just a fake. Fake from behavior. Idiot cant fool smart person.

About the trade so does Vietnam - China trade way double, and China - Japan China trade. This does not convince one shoudl praise another because of high volume trade. It is politcal and culture tie that dtermine. Anyway A real person never use trade as something to love and hate a country, only fake ones use it hope to cover his fakeness.
 
.
Back
Top Bottom