The truth about Nike moving production out of Vietnam

Recently, on many social networking sites, information about Nike appeared on many social networking sites. ) has moved production out of Vietnam to China and Indonesia. This information indicates that Adidas and Puma will also have similar moves in November 2021.

However, in the Labor newspaper, Ms. Phan Thi Thanh Xuan, Vice President and General Secretary of the Vietnam Leather, Footwear and Handbag Association (LEFASO) said that the above information is completely incorrect.

Sự thật thông tin Nike chuyển sản xuất khỏi Việt Nam - Ảnh 1.

“> Information about Nike moving production out of Vietnam is incorrect.

According to Ms. Xuan, there are up to 88 of Nike’s 112 factories in Vietnam are located in the Southeast region, responsible for the production of very expensive Nike branded sneakers.

Answer to Traffic Newspaper, Mr. Pham Tuan Anh – Deputy Director of Industry Department (Ministry of Industry and Trade) also confirmed that there was no Nike moving production out of Vietnam.

“In the past period, some Nike orders were due to expire. , in order to deliver goods on time and ensure on time, they have moved orders to factories in a number of other countries. In a recent meeting with the Prime Minister and ministries, the CEO of Nike also affirmed that he will not leave Vietnam, there is no need to move production from Vietnam to other countries,” said Mr. Tuan Anh. said.

Nike’s production data shows that the structure of the US fashion and footwear company focuses on three main products: apparel, apparel, and accessories. equipment, footwear.

The latest financial year ended on May 31, 2021, Nike’s revenue reached more than 44.5 billion USD, cost and price capital of 24.6 billion USD With Vietnam supplying more than 40% of products for US fashion and sportswear brands, the estimated value for cost – the quantity of goods purchased from suppliers in the US Vietnam can be about 8-10 billion USD.

The main suppliers for Nike are all famous FDI enterprises in the garment and footwear industry of Vietnam. Vietnam The leading group’s revenue is from 10,000 – 20,000 billion VND per year.

According to Hoang Linh

Business and Marketing

Note: This article has been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
2022 opens with a big MSR bulk-sale offering thumbnail

2022 opens with a big MSR bulk-sale offering

Denver-based Incenter Mortgage Advisors is in the market with a $10 billion bulk-sales package of mortgage-servicing rights (MSRs) tied to Fannie Mae and Freddie Mac loans. The MSR offering involves 36,185 loans that are fairly evenly split between Fannie- and Freddie-backed mortgages. The weighted average age of the loans is 10.8 months, with an average interest rate of 2.898%, according to…
Read More
Poem of the day: You Make Me Feel Special thumbnail

Poem of the day: You Make Me Feel Special

Under Your spell make me feel special, Share my doubts, remove all my fears When you smile I fall under your spell, You wipe away so many of my tears. I chase the taste of your lips into the night, In the moonlight I find bliss securely waiting, I reach the stars to see the
Read More
Papa John’s Announces Brand’s Largest Domestic Development Deal Ever With Leading Multi-Brand Franchisee Operator Sun Holdings thumbnail

Papa John’s Announces Brand’s Largest Domestic Development Deal Ever With Leading Multi-Brand Franchisee Operator Sun Holdings

Sun Holdings to oversee opening of 100 stores through 2029, targeting high-growth Texas markets Founded by Guillermo Perales in 1997, Sun Holdings supports multiple brands and concepts, with over 1,000 locations across 12 states Second major development deal announced this quarter is another sign of Papa John’s brand momentum and accelerating development opportunity Louisville, KY…
Read More
The number of newly infected exceeded 1000 thumbnail

The number of newly infected exceeded 1000

Dnes 7:00 • Aktualizováno 8:17V České republice bylo za úterý zaznamenáno 1108 nových případů koronaviru. Takto vysoký počet nově nakažených byl naposledy v polovině května. Za pondělí byl nárůst 802. Reprodukční číslo R se třetí den v řadě drží na hodnotě 1,3. Číslo udává, kolik dalších lidí nakazí jeden infikovaný člověk.Počet nově nakažených překonal 10008:17 - Počet úmrtí evidovaných…
Read More
Pyongyang tested new air defense system amid recent volley of missile launches – state media thumbnail

Pyongyang tested new air defense system amid recent volley of missile launches – state media

North Korea test-fired a newly developed ‘anti-aircraft’ missile, the country’s state media reported, offering few details. It comes amid a flurry of similar tests in recent days, reportedly including a new “hypersonic” weapon. “The Academy of Defence Science of the DPRK test-fired an anti-aircraft missile newly developed by it on September 30,” the state-run Korean…
Read More
Index Of News
Total
0
Share