OPPORTUNITIES AND CHALLENGES OF DASEN UNDER THE EPIDEMIC SITUATION

COVID-19 has led to the shutdown of Vietnam's factories. With the re-emergence of the new round of health incidents, Vietnam's enterprises and factories are also experiencing a "collapse tide".

According to the Vietnam investment planning department, a total of 70209 enterprises in Vietnam closed down in the first half of this year, an increase of 24.9% over last year. This is equivalent to 400 enterprises closing down every day.

It is reported that the main production bases of global brands such as Toyota and Nike in Vietnam were forced to shut down due to the blockade; Electronic enterprises, including Samsung and Foxconn, are also facing production difficulties due to the blockade.

Due to the impact of the COVID-19, Vietnam's foundries are close to "zero output", and local factories stop production, causing a "supply cut" crisis.

Loss of international orders in Vietnam - in order to reduce the supply risk caused by the epidemic, the American footwear provider Wolfflin group has transferred part of its production capacity back to China this year. The person in charge of the company said that the current supply situation in Vietnam is very unstable.

Also affected by the epidemic, Apple had to start mass production of the third generation airpods in China. People familiar with the matter said that Apple would mass produce the latest airpods headphones in China, rather than Vietnam as previously planned.

Obviously, this is also a big challenge for Vietnam. The outflow of capital will also cause greater economic losses to Vietnam.