Lefaso rejects rumours on Nike’s moving production out of Vietnam
Recent rumours spreading on social media on Nike’s moving production out of Vietnam to China and Indonesia are incorrect, stated Phan Thi Thanh Xuan, Vice Chairwoman and General Secretary of the Vietnam Leather and Footwear Association (Lefaso).
Illustrative photo (Source: Theplusnews)Xuan informed that 88 out of Nike's 112 factories in Vietnam are located in the Southeast region, which produce many best-selling Nike-branded sneaker products.
She said complicated developments of COVID-19 in Vietnam 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 Vietnam, 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 Vietnam.
According to the MoIT, in the first nine months of 2021, the footwear industry's exports of all kinds were estimated to reel in 13.33 billion USD, up 9.8 percent over the same period last year./.
You should also see
Vietnamese Deputy PM, Venezuelan President hold talks
Vietnamese Deputy Prime Minister Tran Luu Quang held talks with President of Venezuela Nicolás Maduro Moros in Caracas on April 18, as part of his ongoing official visit to the Latin American country.
See more
Business
Lam Dong strives to develop tea industry towards sustainable development
The Central Highlands province of Lam Dong aims to develop its tea industry to 2030 towards sustainable development by improving efficiency and fostering links between tea production, processing, and consumption. The province is also striving to replace aging tea plantations with high-quality tea varieties to enhance productivity.
Business
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
