Lefaso rejects rumours on Nike’s moving production out of Viet Nam

Oct 7th at 09:16
07-10-2021 09:16:23+07:00

Lefaso rejects rumours on Nike’s moving production out of Viet Nam

Recent rumours spreading on social media on Nike’s moving production out of Viet Nam to China and Indonesia are incorrect, stated Phan Thi Thanh Xuan, deputy chairwoman and general secretary of the Vietnam Leather and Footwear Association (Lefaso).

 

Xuan informed that 88 out of Nike's 112 factories in Viet Nam are located in the Southeast region, which produce many best-selling Nike-branded sneaker products.

She said complicated developments of COVID-19 in Viet Nam have affected the production activities of enterprises in the garment-textile and footwear industries, and Nike has moved a number of orders to other countries. However, there is no such thing like Nike is moving production out of Viet Nam, she affirmed.

Pham Tuan Anh, deputy director of the Ministry of Industry and Trade (MoIT)’s Industry Agency, echoed Xuan’s rejection.

According to him, in the past period, some orders of the company were due, so in order to deliver the goods on time, Nike has moved these orders to their factories in some other countries. Anh noted that in a recent meeting with the Vietnamese Prime Minister and ministries, the CEO of Nike affirmed that Nike will not leave Viet Nam.

According to the MoIT, in the first nine months of 2021, the footwear industry's exports of all kinds were estimated to reel in US$13.33 billion, up 9.8 per cent over the same period last year. 

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Eateries find reopening post-Covid not so easy

Many restaurants are finding it hard to reopen though Covid-19 lockdowns and restrictions have been lifted around the country.

Vietnam's PV Power picks banks to facilitate $1.4 bln LNG project loans

Vietnam's state-run PetroVietnam Power Corp has signed a deal to allow a consortium of two local banks to arrange a $1.4 billion syndicated loans for two liquefied...

Anxious HCMC companies support workers amid closures to keep them

Many HCMC companies have been providing financial and other support to their workers to keep them in the city amid the long closures caused by the Covid-19 pandemic.

Garment exports hit hard by labor shortage

Garment and textile firms face labor shortages and broken supply chains, and find it hard to fulfill their export orders, the Vietnam Textile & Apparel Association...

Vietnamese products at risk of trade violation investigations

The Trade Remedies Authority of Vietnam (TRAV) have warned that Vietnamese products are at risking of falling foul of anti-dumping and trade defence investigations.

Viet Nam’s power development plan to boost LNG sector

The outlook for Viet Nam’s emerging liquefied natural gas (LNG) sector remains promising as the country’s need for the product is large to serve its power...

Ho Chi Minh City yet to show signals of business recovery

Industrial production firms in Ho Chi Minh City have not yet showed signals of recovery due to the COVID-19 pandemic.

Relief for vendors as Ben Thanh Market reopens

The reopening of HCMC’s iconic Ben Thanh Market has brought joy to local vendors who are relishing the opportunity to resume selling after months of closure.

Viet Nam to master production technology of 10 human vaccines by 2025

Viet Nam is set to master the production technology of 10 types of vaccines used for humans and be capable of producing at least three by 2025, according to a...

HCMC industrial workforce shrinks by half after Covid lockdown goes

Only 50 percent of employees have returned to work at industrial parks and export processing zones, causing a severe labor shortage.


MOST READ


Back To Top