Nike committed to investing, expanding production in Vietnam08 Nov '21

Nov 9th at 08:32
09-11-2021 08:32:18+07:00

Nike committed to investing, expanding production in Vietnam08 Nov '21

Nike is committed to investing and expanding production in Vietnam, its chief sustainability officer Noel Kinder told Prime Minister Pham Minh Chinh at a recent meeting on the sidelines of the 26th UN Climate Change Conference in Glasgow. Kinder told Chinh more than 100 Nike factories in the country have resumed production following a COVID-induced hiatus.

Pic: Pindiyath100|Dreamstime.com

Nike is committed to investing and expanding production in Vietnam, its chief sustainability officer Noel Kinder told Prime Minister Pham Minh Chinh at a recent meeting on the sidelines of the 26th UN Climate Change Conference in Glasgow. Kinder told Chinh more than 100 Nike factories in the country have resumed production following a COVID-induced hiatus.

Kinder told the prime minister the current situation in Vietnam has improved a lot and the firm is planning to expand operations there, according to a news agency report.

Vietnamese officials hit back at rumours recently that Nike had planned to move production out of Vietnam.

“The complicated developments of COVID-19 in Vietnam have affected production of enterprises in the garment-textile and footwear sector, and Nike has moved a number of orders to other countries. But there was no such thing that Nike was moving production out of Vietnam,” Phan Thi Thanh Xuan, vice chairwoman and general secretary of the Vietnam Leather and Footwear Association (LEFASO), said.

According to Xuan, 88 out of Nike's 112 factories in Vietnam are located in the Southeast region, which produce many best-selling Nike-branded sneaker products.

Báo Sài Gòn Đầu Tư





NEWS SAME CATEGORY

HCM City export businesses gradually return to normal

Export companies in HCM City are recovering well following the lifting of COVID-19 restrictions as workers from other provinces gradually return to work.

Processing-manufacturing driving Quang Ninh growth

The processing and manufacturing sector is continuing to serve as a key pillar for Quang Ninh province, simultaneously playing the part of a motivating force for...

Quang Ninh: manufacturing nirvana

Large investments into highways, bridges, airports, and the establishment of Quang Yen Economic Zone are helping improve the business environment and entail a...

Agriculture exports suffer as China tightens Covid-19 inspections

China's careful scanning of packing and transportation means for the Covid-19 virus is hurting Vietnam’s agricultural exports and putting the produce at risk of...

Ha Noi promotes all efforts to help enterpries restore operation amid COVID-19 impact

The capital city has been mobilising all efforts to support businesses in minimising impacts of the COVID-19 pandemic, overcoming difficulties, restoring and...

Firms ramp up production to meet bulging order books as country reopens

The manufacturing sector in October saw significant expansion for the first time in five months as firms ramped up production to meet rising export orders spurred...

Prices of essential items surge in HCMC

Prices of fresh foods, milk, rice, cooking oil, and other essential goods have increased by 10-30 percent in HCMC since the latest Covid-19 outbreak began in April.

Korean semiconductor manufacturer to pour 1.6 billion USD in Bac Ninh

The Republic of Korea’s Amkor Technology, Inc. will embark on the first-stage construction of its plant at Yen Phong II-C Industrial Park (IP) in the northern...

De Heus strengthens strategic position in Vietnam by acquiring Masan’s feed business

Ho Chi Minh City, November 5, 2021 – Further to the Memorandum of Understanding (MOU) signed between De Heus Vietnam and Masan on 14 September 2021, today, De Heus...

UNIQLO.com online store in Vietnam kicks off

This will be Vietnam’s largest online store of the Japanese retailer.


MOST READ


Back To Top