The world clapped when 2020 came to an end, but 2021 could not exactly be described as any better – and the supply-chain crisis that has been hard-baked into the mix, has added to the problems facing global business.
As Vietnam continues to battle major Covid-19 outbreaks throughout the country, strict lock-downs have been extended, with Ho Chi Minh City extending its current lock-down for at least one more month. Unfortunately, despite strict containment measures and a rapid vaccination roll-out program, the country is making limited headway against the Delta variant in this fourth wave of Covid cases in Vietnam. Here is Access Asia’s Monday update on the situation in collaboration with Vietnam Weekly, a subscription-based publication covering current affairs in Vietnam. Data update Last Thursday night, this outbreak’s COVID-19 case total was 242,552, with 152,561 active infections. Those figures […]
Shifts in regional supply chains that began as a trade war between the United States and China are being hastened this year by the coronavirus pandemic. Broadly speaking, this will result in slowdown in offshoring to China and a redistribution of manufacturing foreign direct investment (FDI) to the Association of Southeast Asian Nations (ASEAN).
COVID-19 has slowed global trade and disrupted supply chains, starting in China – the “factory of the world” – and resulting in a ripple effect as businesses struggle to source raw inputs. This has had short-term impacts on Vietnam, like everywhere else, but the country is strongly positioned for a rebound as economies restart.