Vietnam's Factory Slowdown Highlights Limits of Supply Chain Shift from China

Vietnam's factory activity has slowed significantly this year as global demand weakens, with exports down 10% in the Jan-Aug period.
The downturn shows limits to the shift of supply chains away from China to Vietnam, despite its growing role in electronics.
Factories producing goods like Samsung phones and Adidas shoes have been impacted, leading to job losses.
Factory workers are taking on gig work as contraction continues into its eighth straight month.
But recent trade deals with the U.S. bring some hope of an eventual rebound.

nikkei.com

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Posted 9/15/2023, 2:35:00 AM