Föhrenbergkreis Finanzwirtschaft

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Posts Tagged ‘Vietnam’

Manufacturers Want to Quit China for Vietnam. They’re Finding It Impossible.

Posted by hkarner - 23. August 2019

Date: 21-08-2019
Source: The Wall Street Journal

Global companies are rushing to seek alternative bases, only to find even promising countries like Vietnam don’t match up

Vo Quoc Thanh and Nguyen The Do, engineers from Omnidex Manufacturing Vietnam, monitor production at a partner factory in Binh Duong Province, Vietnam.

HO CHI MINH CITY, Vietnam—With the U.S. and China tangled in a nasty trade fight, this should be Vietnam’s time to shine. Instead, it is becoming increasingly clear that it will be years, if ever, before this Southeast Asian nation and other aspiring manufacturing destinations are ready to replace China as the world’s factory floor.

The specialized supply chains that made China a production powerhouse for smartphones and aluminum ladders and vacuum cleaners and dining tables are nowhere near as developed in Vietnam. Factories with U.S.-focused safety certifications and capital-intensive machinery aren’t as easy to find.

And Vietnam, with less than one-tenth China’s population, is already running into labor shortages as global manufacturers rush to set up shop here to avoid U.S. tariffs.

“China has a 15-year head start—whatever you want, someone’s doing it,” said Wing Xu, the operations director for Omnidex Group, which helps make large pumps for Pennsylvania-based industrial equipment manufacturer McLanahan Corp.

Omnidex has shifted some production to Vietnam, but out of more than 80 parts of a pump used in mining operations, factories here have been able to begin work on only 20 so far because molds must be created from scratch.

“You can’t just shift your business to Vietnam and expect to find what you’re looking for,” she said. Den Rest des Beitrags lesen »

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The “Next Eleven” and the World Economy

Posted by hkarner - 20. April 2018

Jim O’Neill, a former chairman of Goldman Sachs Asset Management and former Commercial Secretary to the UK Treasury, is Honorary Professor of Economics at Manchester University and former Chairman of the Review on Antimicrobial Resistance.

While China and India continue to drive the global economy, they are joined by a number of other high-population, high-potential countries, particularly in Asia. It is becoming increasingly clear that future growth will be based not just on one powerhouse country, but on region-wide gains in prosperity.

LONDON – On a recent holiday in Vietnam, Cambodia, and Laos, I couldn’t resist thinking about these countries’ economic potential and ongoing policy challenges. After all, in 2005, my Goldman Sachs colleagues and I had listed Vietnam as one of the Next Eleven (N-11) – all countries with the potential to become important economies during this century.

Vietnam reported that its real (inflation-adjusted) GDP growth was 7.4% in the latest quarter, outpacing China. And, according to the World Bank’s forecast, Vietnam, along with Cambodia and Laos, is on track to maintain a similar level of growth for the year. Den Rest des Beitrags lesen »

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Ökonom über Trump: „US-Amerikaner wollen keine Nüsse pflücken“

Posted by hkarner - 21. März 2017

András Szigetvari21. März 2017, 13:00 derstandard.at

Kritik am Freihandel wächst. Ein Megadeal im Pazifik scheiterte an Trumps Widerstand. Verlierer sind laut Vu Thanh ärmere Länder

Als eine seiner ersten Amtshandlungen unterzeichnete US-Präsident Donald Trump ein Dekret zum Ausstieg seines Landes aus dem transpazifischen Freihandelsabkommen TPP. Zwölf Staaten, darunter die USA, Australien und Japan, aber auch ärmere Länder wie Vietnam und Malaysia, hatten sich auf TPP geeinigt. Trump bezeichnete den von Barack Obama mitinitiierten Pakt als „Vergewaltigung“ von US-Interessen. Verlierer sind laut dem Ökonomen Vu Thanh Tu Anh die ärmeren Länder.

STANDARD: Was bedeutet der Rückzug der USA aus TPP für Vietnam.

Vu Thanh: Die Entscheidung hat Unzufriedenheit ausgelöst. Vietnam hatte sich viel erwartet.

STANDARD: Was genau? Den Rest des Beitrags lesen »

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Why You May Soon See More Goods Labeled ‘Made in Vietnam’

Posted by hkarner - 20. Oktober 2015

Date: 19-10-2015
Source: The Wall Street Journal

Vietnam’s production of goods like clothing and footwear are likely to grow if the U.S. and other countries ratify the TPP

The Trans-Pacific Partnership would mostly benefit developing nations such as Vietnam, whose growth depends heavily on exports.

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. Den Rest des Beitrags lesen »

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