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A cutout of the article in the SCMP
https://www.scmp.com/economy/global...ges-chinese-firms-malignant-battle-talent-and
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In an example of how the trade war is pushing manufacturing out of China and into Vietnam, Man Wah Holdings, the leading Hong Kong-based furniture maker, bought one of Vietnam’s largest furniture factories last year and expanded it. Man Li Wong, the company’s founder, said in May that the expanded facility would open in August at the earliest.
“We believe that [production of] all products exported to the United States will be transferred to Vietnam by 2020, with the capacity of our expanded base increasing to 800,000 units per year,” he said.
The influx of companies such as Man Wah’s, however, has increased competition for local workers, meaning smaller manufacturers are struggling to attract staff.
“The basic salary [per month] that Man Wah offered was 8 million Vietnamese dong (US$340) when they started to recruit in August, then it was raised to 9 million and later to 10 million, they’ve destroyed the local salary structure and the market,” said Li Weihua, a Chinese businessman running a furniture factory near Man Wah’s facility.
“Furniture factories have the lowest entry requirement for new recruits – any young labourer can do the work. Now workers have more [employment] options as there are more medium and high-end industries coming to Vietnam,” Li added.
https://www.scmp.com/economy/global...ges-chinese-firms-malignant-battle-talent-and
“
In an example of how the trade war is pushing manufacturing out of China and into Vietnam, Man Wah Holdings, the leading Hong Kong-based furniture maker, bought one of Vietnam’s largest furniture factories last year and expanded it. Man Li Wong, the company’s founder, said in May that the expanded facility would open in August at the earliest.
“We believe that [production of] all products exported to the United States will be transferred to Vietnam by 2020, with the capacity of our expanded base increasing to 800,000 units per year,” he said.
The influx of companies such as Man Wah’s, however, has increased competition for local workers, meaning smaller manufacturers are struggling to attract staff.
“The basic salary [per month] that Man Wah offered was 8 million Vietnamese dong (US$340) when they started to recruit in August, then it was raised to 9 million and later to 10 million, they’ve destroyed the local salary structure and the market,” said Li Weihua, a Chinese businessman running a furniture factory near Man Wah’s facility.
“Furniture factories have the lowest entry requirement for new recruits – any young labourer can do the work. Now workers have more [employment] options as there are more medium and high-end industries coming to Vietnam,” Li added.
