At present, there are more than 200 Chinese textile enterprises to set up factories in Viet Nam. The products mainly export to Occident. In order to deal with the currency crisis, some of the Chinese-funded enterprises have to reduce the staff trimmer to survive. Some trade contracts between China and Viet Nam have been breached of faith already.
“Viet Nam are meeting a serious economic difficulty currently, our enterprises must make ourselves stable, and analyze the situation rationally.” The secretary-general of China Textile Industry Association Sun Huaibin said at the interview of Shanghai Securities News. He suggested that if there is a parent-subsidiary company relation between native enterprises and its Viet Nam enterprises, we can avoid risks in the use of this relation, and help ourselves actively. But it is not appropriate to remove funds hastily because the strategic relation between China and Viet Nam is very important.
In Sun Huaibin’s view, except transferring abroad, the industry also can transfer to Midwest of China. “It is important to make middle part grow up to develop Textile Apparel Industry.”
