Nike Inc’s updates to its full-year sales outlook on Thursday will likely answer that pressing question for Wall Street as the world’s largest sportswear maker deals with unprecedented supply challenges ahead of the holiday season.
Seven textile companies in southern Tien Giang Province have sought priority Covid-19 vaccination of their workers to enable them to resume production.
Samsung is set to expand its plant in the northern province of Bac Ninh this year to increase its production capacity of foldable devices.
The Delta variant is causing havoc in Ho Chi Minh City, disrupting business and supply chains of global brands.
Binh Duong province is the country’s second-largest recipient of accumulated foreign direct investment after nearby Ho Chi Minh City. The government expects 50,000 new cases there in the next fortnight. The government allowed factories in industrial zones to stay open…
With Ho Chi Minh City as its commercial hub, Vietnam vies with China for the status of the world’s factory. But rapidly rising delta infections have hit manufacturing, amid strict lockdowns.
Vietnam will deploy troops to industrial Binh Duong province, a major manufacturing hub in the Southeast Asian country, to help contain an expected 50,000 additional coronavirus infections there over the next two weeks, the government said on Thursday.
The current slump should not disguise the fact that the trend lines are all pointing in the right direction.
Many businesses in the southern region have found the stay-at-work production model financially untenable and want a more flexible Covid-19 strategy to keep supply chains intact.
Manufacturers for Nike and Adidas forced to close factories as infections rise
Vietnam’s Covid-19 hotspot Ho Chi Minh City has twice extended its lockdown, hitting manufacturers trying to export items such as clothing. An economist said the fourth wave is more devastating for labour migrants, informal workers and those in service industries…
Key suppliers for major companies like Netflix and Nike have been forced to host employees on site or cease production as Covid-19 keeps spreading, especially in the southern region.
Vietnam is in talks with the United States on production national mRNA vaccine, its foreign ministry said Thursday, as the country seeks to increase supplies amid its worst coronavirus outbreak to date.
Key supply chains for Apple, Ikea and Nike hit by strict anti-virus curbs.
Vietnam has reached agreements on technology transfers for Russian and U.S. coronavirus vaccines, the government said in a statement, without elaborating.
Industrial zones across HCMC have reported as many as 1,837 Covid-19 cases in the ongoing wave that hit Vietnam late April.
Taiwan’s Pou Chen Corp (9904.TW), which makes footwear for companies such as Nike (NKE.N) and Adidas (ADSGn.DE), suspended operations at its plant in Ho Chi Minh City on Wednesday as COVID-19 curbs hit factories in the country’s business hub.
But upstart electric carmaker will face a tough road to commercial success in American and European markets.
The Vietnamese government is planning a comprehensive development boost to the industry involving Covid-19 vaccine research, technology transfer, and producing vaccines that meet international standards.
With the two latest waves of coronavirus hitting revenues, 171 tourist firms in HCMC suspended operations in the first five months of this year.
Vietnam’s health ministry said a local company is expected to manufacture Covid-19 vaccines after negotiating a technology transfer deal with an unidentified US producer. The vaccine will be mRNA-based, the health ministry said on its website on Saturday. It initially…
The dependence on outsourced components and fierce competitions in the low-priced segment are the obstacles that hinder Vietnam’s smartphone manufacturers.
The Vietnamese government has asked domestic steelmakers to boost production and limit exports in an effort to fight off soaring steel prices.
Investment in infrastructure is vital if Vietnam is to remain on the path to eventual high-income status.
Hanoi seeks entrepreneurs and foreign investors to build tech powerhouse
Forty five percent of Vietnamese are worried about losing their jobs to machines in future, a survey has found.