Vietnam
Pou Chen to slash further 6 000 jobs in Vietnam
Amid a continuing wave of declining orders, the Taiwanese-based footwear manufacturer, which is one of the largest employers in Ho Chi Minh City, will lay off around 6 000 people
Pou Chen to cut 6 000 jobs in Vietnam
The Taiwanese-based footwear manufacturer has reportedly slashed 3 000 jobs amidst weak demand. Another 3 000 people will not see their labour contracts extended by the end of the year
Vietnam: leather and footwear exports on the rise
In the first seven months of 2022, Vietnamese leather and footwear exports were up by 13%, as compared to the same period of last year, reaching 14 billion US dollars
Yue Yuen turns around
The company posted revenue growth of 1% to 8.53 billion US dollars over the full year 2021, as compared to the previous year, amidst a challenging operating environment
Vietnam is now responsible for 10% of the world footwear exports
The Asian country has been on the top 3 of the largest footwear exporters since we started to publish the World Footwear Yearbook in 2011. However, in 2020, for the first time Vietnam has crossed the 10% threshold
Vietnamese factories to continue working amid Omicron surge
Despite a new peak in COVID-19 infections, the high vaccination rate has enabled factories to continue producing, reversing last year’s policy of lockdowns
Strike at Pou Chen’s factory in Vietnam
Thousands went on strike at a factory in southern Vietnam that belongs to the Taiwanese manufacturer of branded sports footwear. Employees are demanding better year-end bonuses
Vietnamese workers reluctant to go back to work
Generalized labour shortage across the manufacturing sector slows down Vietnam's economic recovery, despite companies offering better wages and benefits to attract workers back
Yue Yuen with revenue slowdown
The group has announced results for the first nine months of 2021. Growth slowed down in the third quarter due to disruptions in manufacturing operations in Vietnam and weak retail sales
Pou Chen struggles with Vietnamese labour shortage
The Taiwanese manufacturer of branded sports footwear is facing a labour shortage in Vietnam, which is aggravating supply chain disruptions. Its clients include Nike, adidas and Reebok
Vietnam: industry faces contractual penalties and order cancellations
Several Vietnamese apparel and footwear companies have incurred contractual penalties for delivery delays this year, while facing unexpected order cancellations for 2022
Vietnamese footwear exports plunge in September
Data from the Vietnamese Ministry of Industry and Trade indicates that footwear exports have decreased by 44.2% to 678.4 million US dollars, on a comparable basis to similar month in 2020
Vietnam is now the main exporter of textile footwear
For the first time since the World Footwear Yearbook was launched ten years ago, China is not leading the exports of one of the main categories of footwear exports
China’s share in footwear production down by 13% in a decade
China is the unquestionable leader in footwear production, having achieved a share in the world total of 54.3% in 2020. This translated into more than 11 billion pairs produced by China last year. However, in a decade, the share of China in global footwear production was down by 13%, corresponding to more than 8 percentage points lost and going down from a 62.4% share in 2010
Nike cuts revenue forecast amid supply chain disruptions
Despite an increase in revenue of 16% to 12.25 billion US dollars for the first quarter of fiscal 2022, the US-based company admitted that revenue growth is being limited by supply chain disruptions-
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