The COVID-19 epidemic situation in Vietnam has worsened and a large number of foundries have closed. What impact will this have?

The COVID-19 epidemic in Vietnam has caused a large number of factories to close, forcing some multinational companies to relocate their labor factories in Vietnam to China, which has better epidemic prevention and control. For Vietnam, this will definitely have a very serious impact on the local economy, and may even cause some workers to lose their jobs. However, for China, the entry of these foreign funds will also promote the further improvement of our entire economy. Although the overall labor cost of our country is constantly rising and the overall quality of the labor force is also constantly improving, for these funds, they can definitely meet the overall labor wage standards of our country.

First of all, for Vietnam itself, due to the impact of the new crown epidemic and the insufficient overall epidemic prevention and control capabilities, under such circumstances, the epidemic in Vietnam continues to spread, which makes the Vietnamese government have to If these large-scale foundries are not closed, under such a situation, it will have a very serious impact on the local economy, because for Vietnam, its own industrial technology facilities are not perfect enough, and its overall industrial construction capacity is relatively weak. Poor, so if he wants to maintain the development of the domestic economy, he needs to continuously improve the production capacity and production level of the labor force. Under such a situation, a lot of labor factories have appeared, which means that its entire industry has Concentrated in labor-intensive industries.

For our country, because our country’s overall epidemic prevention measures are relatively good, and the country has also adopted various strict measures to prevent the rebound of sexual relations, this is why we say this This provides a good external environment for domestic economic development. Under such circumstances, the domestic economy recovers and develops in an orderly manner, so this makes industrial production that cannot be carried out in other countries continue to be transferred again. Come to our country for production, and for our country, our overall industrial chain is also very complete, so some foundries in our country will receive more orders and promote the economic development of our country.