China’s export machine is grabbing more of the global market

China is eating up a larger chunk of the world’s shrinking trade pie.
Brushing off rising wages, a shrinking workforce and intensifying competition from lower cost nations from Vietnam to Mexico, China’s global export share climbed to 14.6 percent last year from 12.9 percent a year earlier. That’s the highest proportion of world exports ever in International Monetary Fund data going back to 1980.

 

Yet even as its export share climbs globally, manufacturing’s slice of China’s economy is waning as services and consumption emerge as the new growth drivers. For the global economy, a slide in China’s exports this year isn’t proving any respite as an even sharper slump in its imports erodes a pillar of demand.

Those trends are likely to be replicated in August data due Thursday. Exports are estimated to fall 4 percent from a year earlier and imports are seen dropping 5.4 percent, leaving a trade surplus of $58.85 billion, according to a survey of economists by Bloomberg News as of late Tuesday.
While China’s advantage in low-end manufacturing has been seized upon by Donald Trump’s populist campaign for the U.S. presidency, the shift into higher value-added products from robots to computers is also pitting China against developed-market competitors from South Korea to Germany. A weaker yuan risks exacerbating global trade tensions, which became a hot button issue at the G-20 meeting in Hangzhou over cheap steel shipments.
“All the talk we have heard over the last few years about China losing its global competitive advantage is nonsense,” said Shane Oliver, head of investment strategy at AMP Capital Investors in Sydney. “This will all further fuel increasing trade tensions as already evident in the U.K. with the Brexit vote and in the U.S. with the support for Trump’s populist protectionist platform.”

 

China is also facing opposition to its global shopping spree and calls from bodies such as the European Union Chamber of Commerce in China for improved market access.

A key driver of China’s export share gains is its move toward more sophisticated assembly, especially in electronics, which eliminates the need to source components from a vast supply chain across Asia, said Frederic Neumann, co-head of Asian economic research at HSBC Holdings Plc in Hong Kong. That’s hurting companies and economies from Singapore to Thailand, Malaysia, Taiwan and South Korea, said Neumann.
The government is subsidizing higher technology industries including new advanced information technology, robotics, and new energy vehicles under its “Made in China 2025” plan. More is to come as President Xi Jinping’s blueprint envisions global competitiveness within a decade in 10 industries from machine tools and robots to advanced railway equipment and medical devices.
China increasingly is turning into an economic rival as it pushes to produce higher-value exports, said German Chancellor Angela Merkel on a trip to the nation in June. Those stern words from the leader of China’s fifth biggest trade partner pale in comparison with the rhetoric from Trump, who has accused China of raping the U.S. in “the greatest theft in the history of the world.”
“Political support for open trade and investment is evaporating globally and no one has more to lose than China,” said David Loevinger, a former China specialist at the U.S. Treasury who is now an analyst at fund manager TCW Group Inc. in Los Angeles. “China has become the bogey man for opponents of globalization.”
Trade backlash
At the G-20 meeting in Hangzhou “China took a drubbing behind the scenes over its steel exports, which have flooded global markets and become a symbol of trade imbalances that have fed resentment across nations,” said Pauline Loong, managing director at research firm Asia-analytica in Hong Kong. “Protectionism is China’s biggest worry.”
The latest IMF data for the first quarter of this year shows China’s market share edged down in January and February — notoriously volatile months because of a week-long Lunar New Year holiday — and bounced back again in March, indicating the nation’s manufacturers are set to at least hold on to previous gains. Last year, the U.S. also increased its share while Russia was the biggest decliner among the top 15 exporters as oil prices fell.
Brand restraint
But it’s not all upside for China. While it’s successfully transitioning into medium-end technologies, it has yet to make the leap into high-value-added exports, says Andrew Polk, Beijing-based head of China research at Medley Global Advisors, which advises hedge funds and other institutional investors.
“Maybe they can, but it remains an open question,” he said. “The highest value-add is in intangible items like branding. Right now, there is not really a globally branded Chinese company that stands for high quality.”
Yet even without its own Coca-Cola, Nike or Apple equivalent on the world stage, China’s export juggernaut is winning by default as other major exporters fall behind.
“After having come this far I see no reason why China’s march up the value-chain would suddenly stop,” said James Laurenceson, deputy director of the Australia-China Relations Institute at the University of Technology in Sydney. “Chinese companies are competing outside their home base against the best in the world, and winning. This points to a hyper-competitive manufacturing sector, not one losing its shine.”

MISSIONS

  • Always being reliable, prestigious and professional while conducting business.
  • Sharing with social and community responsibility and environmental protection
  • Bringing to customers the highest quality of services and satisfaction.

VISIONS

  • Providing the most efficient solutions, striving to reach out for global market share while maintaining our dominance in Viet Nam by utilizing our well reserved human resources according to customers’ orientation.
  • Becoming one of the leading companies in logistics industry by dedicating entirely to customers.
  • Constantly improving to becoming a true worthy shipping partners of all clients.

ABOUT US

WELCOME TO TNC Logistics !

TNC Logistics is an International Sea-Air Freight Forwarding and Logistics Company based in Vietnam. With many years of experience in shipping and logistics industry, TNC Logistics has became one of the reliable logistics service provider in Vietnam and over the world . TNC Logistics has the domestics presentative offices and overseas agents to provide full shipping and  logistics service to customer .

Our services are  offerred to our customers with:

HIGH EFFICIENCY – LOW COST – FAST RESPONSE – CONSCIENTIOUSNESS   -PRESTIGE

We are now offering all services of shipping and logistics industry as below :

  • International Sea and Air freight transportation.
  • Customs clearance, door to door delivery
  • International and domestics  multi-modal transportation.
  • Packaging, Warehousing and valued added service.
  • Project Cargoes Handling.
  • Liquid cargo handling
  • Shipping agency and chartering   broker

The company and staffs have always enthused to make all necessary improvements in skills devoting to our customers’ satisfaction. We strongly believe that we are on our right direction in term of growing our company healthier in the long run.  Thus , we are  “YOUR RELIABLE PARTNER”.

 

TNC Logistics

Address: 17-19 Hoang Dieu Street, Ward 12, District 04, Ho Chi Minh City, Viet Nam
Tel:  +84 28 6261 6494 . Fax : +84 28 6261 6490
Email: info@tnclogistics.vn . Hotline: +84 907 009 279  or +84 908 635532

Website : www.tnclogistics.vn

Preliminary assessment of Vietnam international merchandise trade performance in December and whole year 2014

Highlights

1.  According to trade statistics of Vietnam Customs, in December of 2014, a 3.4% decrease in total external merchandise turnover of Vietnam was recorded as compared to the result of a month earlier. In which, exports went down 2.7 %, to USD 12.88 billion and imports expanded 9.7%, to USD 14.04 billion. As a result, there was a USD 1.16 billion deficit in Vietnam’s trade balance in this month.
 
 
 
2. Total value of Vietnam’s- trade-in-good was recorded at USD 298.24 billion, 12.9% (or USD 34.17 billion) higher than the performance of one year before. There were upwards in total value of both merchandise exports (13.7%, to USD 150.19 billion) and merchandise imports (12.1%, to USD 148.05 billion). Accordingly, from the beginning to the end of 2014, Vietnam Customs recorded the highest surplus in Vietnam’s trade balance, which reached USD 2.14 billion.
 
3. Trade data disseminated recently by Vietnam Customs announced that the total value of exportation and importation by foreign direct invested (FDI) traders reached USD 178.18 billion in total for whole year 2014, up by 14.7 % as compared to the result of 2013. Total value of FDI exportation was USD 94.0 billion, expanded by 16.1%. On import side, the total value of those companies was USD 84.18 billion, picked up by 13.1%.
 
 
 
 
Main Exports and Imports      
                  
4. The November to December of 2014 decrease in total merchandise exports was due to the downturns in telephones, mobile phones and parts thereof (down by USD 873 million), computers, electrical products and parts thereof (down by USD 428 million); rice (down  by USD 85 million). In contrast to this result, there were still sharp upturns in value of the following commodities: textiles and garments (up by USD 426 million); foot-wears (up by USD 132 million); wood and wooden products (up by USD 66 million); coffee (up by USD 63 million).
 
 
  
In 2014, there were more 2 exported commodities reaching over USD billion than 2013, to 23commodities. The value of these was expanded by 13.8%, to USD 128.88 billion in total as compared to the result of those in 2013 and accounted for 85.8% total merchandise exports value.      
The performance growth in total exports value of 2014 as compared to that of 2013 was contributed by the upwards of the following goods: textiles and garments (up by USD 3.02 billion); foot-wears (up by USD 1.94 billion); machine, equipment, tools and instruments (up by USD 1.29 billion); fishery products (up by USD 1.14 billion); computers, electrical products and parts thereof (up by USD 838 million)…
    
5 The following Table released by Vietnam Customs illustrates 10 biggest major imported commodities of Vietnam from rest of the world in December 2014. The leading imported products of the country from the world market included: Machine, equipment, tools and instruments (USD 2,408 million); computers, electrical products, spare-parts and components thereof (USD 1,829 million);textiles, leather and foot-wears materials and auxiliaries group (USD 1,460 million); iron and steel (USD 863 million); telephones, mobile phones and parts thereof (USD 1,722 million); …
 
 
In 2014, there were more 5 imported commodities reaching over USD billion than 2013, to 29 commodities. The value of these reached USD 127.05 billion in total as compared to the result of those in 2013 and accounted for 85.8% total merchandise exports value.      
 
The performance growth in total imports value of 2014 as compared to that of 2013 was contributed by the upwards of the following goods: machine, equipment, tools and instruments (up by USD 3.82 billion); computers, electrical products and parts thereof (up by USD 1.44 billion); iron and steels (up by USD 1.12 billion); fabrics (up by USD 1.09 billion);..
On the other hand, there were strong decrease in value of the following goods: other means of transportation, parts and accessories thereof (down by USD 849 million); crude oil (down by USD 571 million) and fertilizers (down by USD 466 million).
 
Trading Partners
 
6. In 2014, Vietnamese merchandise trade with trading partners in Asia was totaled USD 197.26 billion in value terms, which moved up 11.7%  as compared to the same period of one year before. Trade-in-goods of Vietnam with America was followed, which reached USD 46.74 billion and increased by 23.6%. The values of other continents were: Europe: USD 42.59 billion, up by 7.7%; Oceania: USD 6.93 billion, up by 19.1% and Africa: USD 4.71 billion, up by 9.7% in comparison with the performance of 2013.
 
 
7. From January to December of 2014, Vietnam traded with over 200 trading partners. There were 28 exporting markets and 18 importing markets with over USD 1 billion revenue.
 
Value level Exports Imports
Markets Value
(Mil.USD)
Markets Value
(Mil.USD)
Above 1 Bil. USD 28 133.98 18 132.78
500 Mil.USD – 1 Bil.USD 7 4.6 9 5.83
100 Mil.USD – 500 Mil.USD 32 7.4 28 6.56
Below 100 Mil. USD 171 4.21 183 2.88
 
                                                                                                Source: Vietnam Customs
 
For Jan – Dec period of 2014, there were 17 exporting markets with trade surplus of over USD 1 billion. The United States of America posted the biggest trade surplus of USD 22.37 billion.  United Arab Emirates and Hong Kong posted the second trade surplus of USD 4.16 billion and then: Netherland (USD 3.22 billion); United Kingdom (USD 3 billion); Germany (USD 2.54 billion)…
 
 
 
                                                                                    
8. In 2014, there were 6 importing markets with trade deficit of over 1 billion. China was the market that Vietnam had the largest trade deficit with USD 28.96 billion. The following positions were: Republic of Korea (USD 14.6 billion); Taiwan (USD 8.78 billion); Singapore (USD 3.93 billion); Thailand (USD 3.86 billion)…
 
 
 

TNC Logistics new

Updating…

Recruiting positions

SALES EXECUTIVE

JOB OVERVIEW

To be responsible for sales and promoting company freight forwarding and logistics services including Seafreight, Airfreight, Logistics (Warehousing, Local Distribution, Road Transportation, etc)

JOB DESCRIPTION

* Dedicated Sales performance against assigned target

* Develop the new clients and retain the existing clients

* To respond to incoming queries, coordinating with involved internal parties to ensure offering best solution of service to customers.

* Prepare and attend client meetings

* To be well aware of import-export market.

* Prepare business plan and follow up company’s sales and marketing strategies to achieve sales results and develop new business opportunities.

* Weekly make sales report about sales activities, customers’ feedbacks and market information.

REQUIREMENTS

Education :

· Bachelor or College Degree of Economics, Foreign Trade, Business Administration, Marketing, Transportation, Laws, …

Experience and skills :

· At least 1 year experience in freight forwarding / shipping sales with proven records or in other business fields which have strong relationship with business customers.

· Good knowledge of import – export / freight forwarding / shipping / logistics

· Good understanding on market trend and demand

· Good English writen and speaking. Able to speak Chinese is a plus.

· Computer literate.

Personality/Attitude/Behavior :

· Highly motivated, disciplines and teamwork.

· Able to take initiative and responsibility, strong negotiation, problem solving, communication and networking skills.

Able to work under pressure of stressful conditions.

Please visit TNC Logistics website at www.tnclogistics.vn to have better understanding about our company.

Please send your letter and resume to:

TNC Logistics

Address: 17-19 Hoang Dieu Street, Ward 12, District 04, Ho Chi Minh City, Viet Nam
Tel:  +84 28 6261 6494 . Fax : +84 28 6261 6490
Email: info@tnclogistics.vn . Hotline: +84 907 009 279  or +84 908 635532

Website : www.tnclogistics.vn

Working Environment

TNC Logistics  is one of the professional  company in the freight forwarding sector in Vietnam. In TNC Logistics , the work environment always requires a dynamic, creative and challenging. You will have the opportunity to work with the professional and experienced team.

We undertake to bring you favorable conditions to achieve for TNC Logistics’s common goal and your career prospect. Besides, we give you the opportunity to meet method of management and business strategic of global companies through TNC Logistics’s network system. Therefore, all of them help you improve your operation skills, to apply your knowledge and experience into your daily work and also development of the company. 

Quotation

Thank you very much for your interested in our service .Please see below our best rate for your reference and hope to receive your support .

FORM BÁO GIÁ

For further information please contact us at:

TNC Logistics

Address: 17-19 Hoang Dieu Street, Ward 12, District 04, Ho Chi Minh City, Viet Nam
Tel:  +84 28 6261 6494 . Fax : +84 28 6261 6490
Email: info@tnclogistics.vn . Hotline: +84 907 009 279  or +84 908 635532

Website : www.tnclogistics.vn

Shipping Schedule

FORM Shipping Schedule