Vietnam's Leather Industry Is Trapped By The Large Number Of Crocodiles Bought By Chinese Businessmen.

Here world Clothing and shoes Xiaobian of the network introduces the Vietnamese leather industry because of the large number of Chinese businessmen buying live crocodiles.

Vietnam's crocodile farm is more willing to sell live crocodiles to Chinese businessmen, according to a Vietnamese press. But many Vietnamese crocodile skin enterprises are facing a shortage of raw materials. Hu Zhiming, a company called Saltwater, is famous for making handicrafts and souvenirs from crocodile skin. This company used to purchase more than 200 alligator skins every month to meet the needs of production and processing.

TonThatHung, chief business officer of Salwater, told Vietnamese local media that it could not afford to pay more than China. businessman Higher bid, this year, they have been using raw materials for processing.

Hung disclosed that the price of most crocodiles purchased by his company was about $8 / kg in order to maintain profits. But Chinese businessmen are willing to pay up to 11.3 US dollars per kilogram, so farms are more willing to sell crocodiles to the Chinese. Hung said that his company can only rely on the stock of leather to maintain its operation. If the problem is not solved, smaller enterprises can only choose to close.

It is understood that this is not the first time Chinese businessmen have affected the operation of Vietnamese enterprises because of large purchases. The same problem is in seafood, mango and coconut processing and fish sauce manufacturing. Two years ago, Vietnamese crocodile leather products manufacturers began to suffer from supply shortages because of the higher price of Chinese buyers buying cubs.

One person industry Insiders say the Chinese have bought about 70% to 80% cubs in Vietnam. Many crocodile leather companies have to raise prices for their products because of the problem of raw materials. Hung added that orders for export to Japan or Germany are on the verge of losing.

Vietnamese businessman Lan is engaged in crocodile trade in the Mekong Delta. He revealed that the prices of crocodiles soared in the past two years. In 2012, the crocodile range between 8 and 35 kilograms was priced at only 7.06 US dollars / kg, but now the price has risen to 11.3 US dollars / kg. Lan said he could get about 40 metric tons of live crocodile orders per month, but only 11 metric tons of live crocodiles could be bought for export. In the past, he only needed a week to complete the purchase orders.