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Viet Nam's electronics exports soar, to replace Chinese manufacturing? It's slightly stronger than India

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Lead

"Now the world's largest assembly plant is in Viet Nam, and the world's first and second largest mobile phone company assembly plants are also in Viet Nam."

China has always been the "factory of the world", but now we hear the news that Viet Nam has become an important player in the world's manufacturing industry, so what is so special about Viet Nam that it can move towards the status of "world factory"?

Viet Nam's electronics exports soar, to replace Chinese manufacturing? It's slightly stronger than India

And when we conclude that Viet Nam has replaced India in the past two years, the next person who can replace it is China.

So is this Viet Nam's weakest link in its own strength, or is it a challenge to the mainland's hegemony?

Reasons for Viet Nam's success.

Originally, the mainland was a well-deserved "world factory" in the world and the world's largest manufacturing country, but now it has a feeling of being on par with Viet Nam.

From the data, we can clearly see that the mainland relies on the development of the electronics manufacturing industry and has achieved the extreme, in the world's electronic manufacturing rankings, the mainland can be said to steal the limelight, becoming the "first in smartphone production".

However, compared with the previous two years, the first position was won by Viet Nam, and with Huawei, the former "first", retreated to "second", our country gradually lost the status of "the world's largest smartphone producer".

And this position was taken away by Viet Nam precisely because Viet Nam is the world's second largest exporter of smartphones, and it is calculated according to the output value, which is also the direct reason for the soaring electronics exports of Viet Nam.

Viet Nam's electronics exports soar, to replace Chinese manufacturing? It's slightly stronger than India

The reason for this is that many multinational companies in the world have production bases in Viet Nam, and in addition to China, the largest investment in China for foreign multinational companies in the world is in Viet Nam. ”

More and more multinational companies in Viet Nam are relocating their production bases to Viet Nam, and the reason why Viet Nam is the world's largest manufacturing base for multinational companies is precisely the successful experience of China's manufacturing industry that cannot be replicated.

Whether it is Korea's Samsung or Taiwan's Hon Hai and other multinational companies, each of them has invested heavily in Viet Nam.

Especially for Samsung, Viet Nam's mobile phone output accounts for half of Samsung's global output value, and Viet Nam is also the Korea company's largest and only production base in the world.

It is the largest smartphone manufacturing plant and has broken China's industry position for many years, but the current situation of Viet Nam's manufacturing development is not optimistic.

Viet Nam's electronics exports soar, to replace Chinese manufacturing? It's slightly stronger than India

The current state of manufacturing in Viet Nam.

Viet Nam's economic development has always been relatively fast, especially in the direction of manufacturing, and at the same time, it has also contributed a lot of profits to the development of Viet Nam.

However, Viet Nam's manufacturing industry is still stuck in the simple assembly stage, mainly because Viet Nam's manufacturing companies only play the role of "OEM".

Viet Nam's electronics exports soar, to replace Chinese manufacturing? It's slightly stronger than India

Manufacturing enterprises do not develop their own products, nor do they apply the technological achievements of developed countries to their own research and development products, from this point of view, Viet Nam's manufacturing industry is also in a backward stage in terms of technical level, and in many enterprises, Viet Nam entrepreneurs are more in the role of capital operators, so Viet Nam entrepreneurs rely more on foreign enterprises for cooperation.

Viet Nam's electronics exports soar, to replace Chinese manufacturing? It's slightly stronger than India

Moreover, many entrepreneurs are only local tycoons, and in the process of enterprise development, they do not know how to innovate products, and only carry out advertising hype, so it will lead to no major changes in Viet Nam now and Viet Nam ten years ago.

If Viet Nam wants to break the current situation, it must vigorously develop its scientific and technological strength, and also increase its efforts in infrastructure construction, which is the advantage of the mainland itself, but a link that Viet Nam needs to surpass.

Viet Nam's electronics exports soar, to replace Chinese manufacturing? It's slightly stronger than India

The problems faced in the development process of Viet Nam's enterprises are also multifaceted, the most direct problem is the power crisis, Viet Nam's current power supply is in short supply, and because of the power crisis, we can see that Viet Nam's power supply is dependent on fossil energy, so it is not difficult to see that Viet Nam's carbon dioxide emissions are also high.

Viet Nam's electronics exports soar, to replace Chinese manufacturing? It's slightly stronger than India

This has a great impact on the earth's environment, so in this regard, if Viet Nam wants to change the status quo of power supply, it must reduce the use of fossil energy and find new energy sources for it, and on the other hand, it also needs to find some new power storage technologies to do better in power supply, and at the same time make a certain contribution to the global environment.

Viet Nam's electronics exports soar, to replace Chinese manufacturing? It's slightly stronger than India

And Viet Nam faces a problem is the lack of orders, the manufacturing industry needs orders for stable production, and Viet Nam's foreign trade is also very narrow, so a large part of Viet Nam's manufacturing industry relies on middlemen from other countries to sell.

Viet Nam's electronics exports soar, to replace Chinese manufacturing? It's slightly stronger than India

Can Viet Nam replace the mainland as the "factory of the world".

First of all, we want to understand what kind of development ability Viet Nam has, Viet Nam has developed in electronic manufacturing for many years, but only in simple assembly work, so in this aspect, Viet Nam still has no progress, so Viet Nam wants to become a "world factory" There is still a lot of room for improvement.

Viet Nam's electronics exports soar, to replace Chinese manufacturing? It's slightly stronger than India

Viet Nam's biggest advantage now has little to do with local enterprises, mainly because a large number of foreign production enterprises enter the Viet Nam market, bare machines into Viet Nam production, the use of semi-finished products for export, so even Viet Nam's products in the international market also occupy a large part, so this also proves that Viet Nam has a lot of market space.

Viet Nam's electronics exports soar, to replace Chinese manufacturing? It's slightly stronger than India

In Viet Nam's manufacturing industry, many enterprises rely on some foreign companies to obtain profits, with the number of orders received by enterprises can prove this, the income of Viet Nam enterprises in the same job is lower than that of mainland enterprises, so this also confirms the shortcomings of Viet Nam manufacturing enterprises.

Therefore, Viet Nam has a relatively large market space, but Viet Nam's enterprises are in a weak position, relying on the support of multinational companies, so from this point of view, Viet Nam is likely to surpass China's manufacturing industry, but China has nearly 40 years of manufacturing experience, but also has the world's richest industrial infrastructure, as well as countless experienced workers and other supporting forces, so China's manufacturing advantages are also obvious.

Although Viet Nam's manufacturing industry still has a certain gap compared with China, it cannot be denied that it has made considerable achievements in the development of these decades, and if you want to truly surpass China's manufacturing industry, you must replace policy support with science and technology.

Scientific and technological innovation is the key to the upgrading of the manufacturing industry, China's manufacturing industry is precisely because of the support of science and technology, there are today's achievements, so if Viet Nam wants to surpass China, it must increase investment in scientific and technological innovation and research and development, so as to make its own industry have stronger competitiveness.

epilogue

The mainland and Viet Nam have close ties in the direction of manufacturing, and can try to promote the development of both manufacturing industries through win-win cooperation, and at the same time, they can better serve all countries in the world and jointly promote the progress of manufacturing.

Therefore, if Viet Nam wants to occupy a higher position in its manufacturing industry, it must strengthen cooperation with the mainland, so as to achieve a win-win situation and promote the development of the world's manufacturing industry.

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