The manufacturing industry in Vietnam continues to import manufacturing materials from China

Raw materials for manufacturing activities in Vietnam have to be imported a lot from abroad, especially from China. This problem greatly affects the revenue of the enterprises. So, you need to consider renting 2000m2 factory to get profit in business activities.

The manufacturing industry in Vietnam still imports raw materials from China

When doing business, it is extremely important to work out a business strategy. Enterprises need to determine the type of business before renting 2000m2 factory.

Because the supporting industry of producing raw materials in Vietnam has not developed, they are often imported from abroad. Meanwhile, China is a country with many sources of raw materials. This country is close to Vietnam, so the transportation of goods will be easier and more cost- effective. That is why our country often imports raw materials from China.

Check out some materials Vietnam imports from China

1. Input materials such as fertilizer, plastic, chemical, fiber, ...

Many input materials for Vietnamese manufacturing industries are imported from China. They include: fertilizers, pesticides, animal feeding food; petrol and gas; rubber, plastics, chemicals, ... Even raw materials for export such as textile, leather shoe materials, computers and electronics, ... are mostly imported from China.

Textile and leather shoe products of our country are very developed. Vietnam exports a lot of its final products to major markets like the EU and US. However, we have to import many fiber materials and leather from China. It is similar to computers, electronic components, plastics, etc. When renting 2000m2 factory for doing business, you can also import raw materials from this country.

2. Machinery

Chinese machinery and equipment suit with the financial conditions of domestic enterprises. Moreover, locally produced products are not too strict in quality. For exporting goods, our country often exports crude or semi-processed products. Therefore, the production machinery does not need to be too complicated. The selection of machinery and equipment from China is reasonable.

3. Iron and steel

Mentioning about iron and steel materials, China is the leading supply market for Vietnam. According to statistics, production in Vietnam needs to import nearly 42% of the total iron and steel from China. Imports from China account for nearly 40% of total imports of this item.

In the first 4 months of 2019, about 4.67 million tons of iron and steel were imported from China by Vietnam. This figure is equivalent to US $ 3.13 billion, increases 9% in volume, 3.4% in turnover over the same period in 2018. Imported steel from Chinese market by Vietnam accounts for nearly 42% in volume, nearly 40% in import turnover of this item of Vietnam, reaching 1.95 million tons, equivalent to 1.22 million USD.

Iron and steel materials are very important in the factory construction. Many enterprises also need this material for their production. Therefore, renting a solid factory with affordable prices for doing business is not easy. With Kizuna, enterprises can rent 2000m2 factory depending on production needs. In Kizuna you will find ready-built factory with quality and reasonable prices.