Vietnam factory shut down!
Affected by the epidemic, 97% of textile companies in South Vietnam have suspended production. Most of the factories have been suspended since midnight on July 15. After being checked and approved by officials of the local disease management bureau, work can only be resumed.
Although the export orders of the Vietnamese textile industry have been received in the third quarter, companies are currently struggling to achieve a balance in production activities, ensuring employment of employees, and profits. The demand for brand customers to delay payment by 2 to 3 months, or even 6 months, is also beyond the capacity of enterprises. Moreover, in the face of the huge risks brought by the increasingly complex epidemic, some brand customers have moved their orders out of Vietnam, and even have a tendency to return to the Chinese market.
With the bankruptcy of the 3T in-situ principle, more and more companies have already shouldered huge cost burdens and epidemic prevention pressures. As a result, a large number of unemployed people have nowhere to live, and Vietnam's social stability will also face tremendous pressure.
Regards
Team Sis
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