Air Freight News

Vietnam sees surge in Nov. exports after end of lockdowns

Vietnam reported an acceleration in exports this month after officials eased tough anti-coronavirus restrictions that led to the closing of many factories, particularly in the southern industrial belt, that produce shoes and clothes for global brands such as Nike Inc. and Abercrombie & Fitch Co. 

November exports jumped 18.5% from last year, the most since May, according to data from the Hanoi-based General Statistics Office. Imports rose 20.8%. 

The increases come after authorities began lifting restrictions in early October. Plants have struggled to lure migrant workers, who fled to home provinces amid the nation’s worst outbreak, back to assembly lines. Most workers are returning, according to the government.

Plants, with 90%-95% of their workforce back, now worry that three-week mandatory quarantines for vaccinated workers who test positive could affect orders for early 2022, said Phan Thi Thanh Xuan, vice chairwoman of the Vietnam Leather Footwear and Handbag Association. She did not provide details. Many Christmas orders went unfulfilled, Xuan said. Business associations are planning to ask authorities to reduce quarantine times, according Nguyen Thi Tuyet Mai, vice secretary general of the Vietnam Textile & Apparel Association.

The pandemic is still complicated with rising numbers of new virus patients in the community, the statistics office said in a statement on its website. Vietnam reported 12,928 new virus cases and 190 deaths yesterday. Ho Chi Minh City, the epicenter of the virus, has seen Covid-19 cases rise about 65% as of late Sunday from a month ago to 1,454.

Bloomberg
Bloomberg

{afn_job_title}

© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

https://www.ajot.com/images/uploads/article/Contship_Rail_Hub_Milano_1.jpg
Yen’s sustained weakness frustrates even Japanese exporters
View Article
Turkey halts all trade with Israel over war in Gaza

Turkey stopped all trade with Israel as of Thursday, according to two Turkish officials familiar with the matter, adding to already high-running tensions between the once-close allies over the war…

View Article
French cognac producers push for deal on China dumping probe

Cognac makers hit with allegations of dumping French brandy in China called for a deal to end the dispute ahead of President Xi Jinping’s state visit to France.

View Article
US sanctions firms in China, UAE for support of Russia’s war

The US on Wednesday announced sanctions on nearly 300 companies and individuals, including in China and the United Arab Emirates, for alleged support of Russia’s invasion of Ukraine.

View Article
https://www.ajot.com/images/uploads/article/Certerm_Vancouver.jpg
Canada unexpectedly flips to deepest trade deficit since June
View Article
https://www.ajot.com/images/uploads/article/SK_export_chart_1.jpg
South Korea’s export growth picks up, led by record US demand
View Article