Despite the efforts of Vietnamese textile and garment businesses, the ongoing Middle East conflict is posing serious challenges to their ability to secure and carry out overseas production orders.
Việt Nam is facing a three-stage ripple effect - first on transport and fuel-dependent industries, then on sectors relying on their outputs, and ultimately on consumers. Volatility in key commodities like fuel is disrupting the entire supply chain and increasing...
The seafood industry had been heavily impacted by surging freight costs, the risk of cold chain disruptions, localised supply shortages, and price volatility across various product segments.
Executives across sectors including furniture, seafood, agriculture and cashews said customers in the region were adopting a cautious stance, with some shipments delayed but few outright cancellations so far.
The MoIT said the refineries must also streamline their procedures to hand off products quicker to retailers, including those without a signed contract, to ease out of the fuel shortage.
As many localities have resumed normal production and business activities, Vietnam News Agency talked to Dr. Nguyen Thi Lan Huong, former Director of the Institute of Science, Labour and Social Affairs, about how businesses and authorities need to support workers...