Taiwanese Firms Moving to Vietnam

May 04

China Economic News (CENS) continues to update on Taiwanese firms moving to Northern Vietnam. (See Vietnam the new Promised Land) In an article posted Friday (April 18) CENS says:

To ease the impact of skyrocketed production costs in mainland China, Taiwanese firms operating there, including those form the electronics and conventional industries, are rushing to move operations to northern Vietnam.

The relocation move such leading electronics as Hon Hai Precision Industry Co. and Compal Electronics Corp. is expected to encourage more Taiwanese firms to do so in the second half of this year. Taiwan`s top-five electronics firms have all set up production facilities in the northern part of Vietnam.

However, all this movement is pushing up property price in Vietnam, especially in Hanoi. The article says:

…the average land price for some industrial zones in northern Vietnam is set at 200,000 renminbi per acre, quite the same as those located in eastern and southern parts of mainland China.

I am sure we will hear more about this as time goes by. However, one should imagine that rising costs in Vietname will eventually force many companies to return to Taiwan or to expand elsewhere. I personally believe this is good for Vietnam. Much of the success of Guangdong Province in South China can be attributed to the massive investment from Taiwanese firms there. Perhaps Vietnam can reap the same benefits and their people can have an improved quality of life.

Article: Taiwanese Firms Switch Operations to Northern Vietnam From Mainland China
Previous Coverage: Vietnam the new Promised Land

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The Lenovo IdeaPad U300s

Apr 19

Lenovo, one of the most remarkable makers and manufacturers of computer, especially of a notebook, is very proud to say that they already released one of their best products and that is the Lenovo IdeaPad U300.
Lenovo’s stylish U300s Ultrabook is one of the best-looking Windows laptops we’ve seen and matches Apple’s MacBook Air nearly spec for spec. The entry-level version is $100 less than Apple’s, but that discount vanishes on the higher-end model.
This flagship of the IdeaPad U series has a 13.3-inch display, up to a Core i7 processor (ULV), and up to a 256GB SSD, but is just 0.6 inch thick. The less expensive of two available configurations matches up with the low-end MacBook Air, with a 128GB SSD and Intel Core i5 CPU, but the Lenovo is about $100 less, at $1,195 versus $1,299. Our review unit is the higher-end model, which has a Core i7 CPU and 256GB SSD. This version is $1,595, and is virtually the same as a comparable $1,599 MacBook Air.

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