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Many footwear factories are closed in Vietnam, Bangladesh is looking for opportunities!

Footwear factory closed in Vietnam, Bangladesh is looking for opportunities!
Picture: Collected

From the beginning of the Corona epidemic, Vietnam brought the situation under control through strict restrictions and caught the attention of the whole world. That country is now suffering from Corona infection.

Authorities in the southern part of the country have been forced to close various factories. As a result, one of the world’s leading producers of clothing and footwear is suffering. At the same time, various well-known and expensive brands that have taken products from Vietnam have also started looking for alternative ways.

A recent report by the World Trade Organization (WTO) revealed such information. China tops the list. Bangladesh is in the third position. For several years, there was intense competition between Bangladesh and Vietnam.

Restrictions have been imposed on the transportation of workers, housing and the work of workers in various factories. Pau Chen of Taiwan and Changshin of South Korea, one of the world’s leading shoe manufacturers, make shoes for brands such as Adidas and Nike.

They also supply shoes to various companies in the United States. But last month, Pau Chen and Changshin were forced to shut down all their activities.

Last year, Pou Chen supplied 244 million pairs of shoes. Of this, 44 percent came from Vietnam. Last month, Feng Tei, another Taiwanese shoe manufacturer, was forced to close several of its factories. Of that organization

According to the website, one-sixth of the shoes Nike sells each year are made by them. According to the Vietnam Textile and Apparel Association, more than 30 percent of the country’s garment and textile factories are currently closed. Meanwhile, experts in Bangladesh think that opportunities are being created for themselves in such a situation in Vietnam.

Source: Online/KSU

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