Nike is moving manufacturing from Vietnam, and the rumor is false. According to the Vice Chairwoman and General Secretary of the Vietnam Leather and Footwear Association (Lefaso).
According to the Vietnam Leather and Footwear Association (Lefaso), 88 of Nike’s 112 factories are located in Vietnam. COVID-19 has had an impact on business manufacturing operations in Vietnam. Nike has shifted these orders to manufacturers in other countries in order to deliver the products on time.
The footwear industry’s exports were projected to reach 13.33 billion USD in the first nine months of 2021. In comparison, it increased by 10.0 percent last year.
The nation is expected to have its first negative growth in 2021. According to the National Statistical Office (NSS), it will be -3.2 percent, which is only slightly lower than the 3.7 percent recorded last year.
Vietnam’s factories are still suffering as a result of Covid-19. Nike Production Line has been dropping in Vietnam since June. However, this does not imply that Nike will abandon Vietnam entirely. Nike can manufacture a broad range of shoes and clothing since they have numerous manufacturing lines throughout the globe.
Because many workers fled during the closure, Vietnamese industries are currently suffering as a result of Covid-19. According to a study by the Vietnam Association of Textiles and Apparel (Viate), about 1.46 million textile employees lost their employment in August of this year.
During the same time period, about 2.67 million people were engaged in the footwear manufacturing industry. The drop is 10%, but it is still significant when compared to a drop of 9% last year and a drop of 12% in 2018.
Currently, Vietnam employs about 2.7 million people in the footwear sector and approximately 1.4 million in the textile manufacturing business.
Many employees in Ho Chi Minh and Ha Noi have been laid off from shoe manufacturers as a result of the Vietnam Covid-19 closure, which has been in effect for the past four months. The situation with Covid-19 in Vietnam has recently improved, and they have opened the market. Many businesses and industries are progressively reopening.
The number of Covid-related deaths in Vietnam is now close to 22,000 people. This spring, the nation was severely impacted by The Covid Delta. Every day, the number of covid-19 instances falls