Vietnam’s lockdowns creating inventory delays

Chamber of Shipping > Blog > News > International > Vietnam’s lockdowns creating inventory delays

Widespread COVID-19 lockdowns have shut down a significant portion of factory production in southern Vietnam. The manufacturing hub of Ho Chi Minh City has been under Vietnamese army control since Aug. 23. Vessel delays and unstable schedules are also being reported by forwarders, with the Ho Chi Minh City port of Tan Cang Cat Lai the worst affected. Foreign investors in Vietnam have warned the government that its strict lockdown to control Covid-19 in the country’s south has forced some companies to move production to other markets. Before the pandemic, Vietnam had one of Asia’s fastest-growing economies, thanks to investor-friendly tax and other policies, and its network of free trade agreements

Related Posts