Just when everyone looked down on the export situation in Southeast Asia, Vietnam shot the first shot, and the country's exports actually realized a great reversal, which enabled Vietnam to achieve a trade surplus for six consecutive years.
In addition, as the largest economy in Southeast Asia, the latest prediction of the Indonesian government is that Indonesia's export volume may reach an all-time high of US $225 billion to US $230 billion in 2021.
I can't help but sigh, what happened in Southeast Asia?
Manufacturing continues to shift to Southeast Asia
Recently, Intel announced that it would invest more than 45 billion yuan in Malaysia to build the most advanced packaging manufacturing equipment. Intel believes that the global demand for semiconductors will continue to grow in the future and will make key investment in Malaysia, the semiconductor industry cluster in Southeast Asia.
Due to the continuous rainstorm in Malaysia recently, the factories of Nihon Dempa kogyo (NDK), a large global quartz module manufacturer, were flooded and shut down. As a result, experts expect that there will be a wave of chip price rise in the future.
Recently, the head of Vietnam's Ministry of industry and Trade said that although affected by the fourth wave of epidemic, the data showed that in the first 11 months, the bilateral trade volume between Vietnam and the EU still achieved considerable positive growth, an increase of 13.8% over 2020, and the bilateral trade volume reached US $51.3 billion. Even compared with 2019 before the epidemic, it is not decreasing but increasing.
