The Vietnamese Shield Has Depreciated Nearly 10%.

In February 11th, the Central Bank of Vietnam announced the adjustment of official currency.

Vietnam shield depreciated by 9.9%

According to Bloomberg data, as of yesterday (February 14th), 1 US dollars could be exchanged for 20800 Dong Dong.

This means that the Vietnamese shield has depreciated by 9.9% before the exchange rate adjustment.

It was also found that a recent survey of international buyers showed that 31% of the buyers surveyed tended to increase their purchases of Vietnam as the price of Chinese products increased.

Over 50% of them came from Europe and the United States, and another 19% were buyers from the Middle East.

Meanwhile, Vietnam's clothing products are generally 30% cheaper than China's.

With the devaluation of the Vietnamese shield, will China's garment exporters suffer?

Yesterday, call the first textile network editor in chief Wang Wang.

He said that the impact of the devaluation of the Vietnamese shield should be viewed from two perspectives.

First, whether China's export to Vietnam is shrinking.

In fact, China's textile and apparel exports to the world last year amounted to 200 billion dollars, while Vietnam only had 10 billion dollars.

Over the same period, China exported $5 billion to Vietnam, mostly raw materials and excipients.

This part of Vietnam is very difficult for itself to produce, so the Vietnamese shield is devalued or difficult to affect imports to China. Secondly, from the perspective of global competition, Vietnam mainly forms a competitive relationship with China's middle end clothing export. Unless the Southeast Asian currency will depreciate in the future, the export of our garments will not be affected too much.

Related companies: little impact

Reporter information found that in the A share listed companies, clothing exports accounted for a larger proportion of Jia Linjie, Dayang creation and Hinur.

Yesterday, Pan Lixiang, the representative of securities affairs of Dayang creation, said that the garments exported by the company were mostly high-end.

Because customers are fixed units and cooperation is usually a quarter of time, it is expected that the depreciation of Vietnam shield will have little impact on the export business of the company.

"The impact will not be too great," said Ni Haining, a representative of Shiner securities. "First of all, there is no Vietnamese customer in the company's foreign trade. There is no risk of shrinking regional business. Secondly, the company and customers sign letters of credit more than 3~6 months.

This means that even if part of the export business is adjusted, it will take at least 3 months to see it. "

Jialin Jie, a person, pointed out that "the company basically has no Vietnamese customers. Even if the Vietnamese shield devaluation causes some orders to be pferred risk, the company can also solve the problem by renegotiating the product exchange rate with customers.

In fact, there are framework agreements between several overseas customers and companies.

They also buy fabrics that are good for fabrics. "