Apparel / Textiles & Accessories

In October this year, in order to prevent its own economy from retreating further, Vietnam resolutely chose to resume work "with illness". It was originally thought that the country’s manufacturing industry would be restored to its former glory after the closure. Industrial production capacity is still at a semi-stasis, which is attributed to the serious loss of labor in the country.

According to the latest media report on Tuesday (October 19), data released by the Vietnamese government show that the country’s textile industry, electrical equipment manufacturing industry, clothing manufacturing industry, shoe industry and other industries all have a large labor gap. The percentages of missing were 39.5%, 44.5%, 49.2%, 51.7%, respectively. The country’s electronic equipment manufacturing has become the most demanding industry, with a labor shortage rate of 56%.

So why is Vietnam unblocked but no one works? That's because after Vietnam announced the liberation of the lockdown from the epidemic, many workers in Vietnam were afraid of the epidemic and were afraid to stay in densely populated workplaces. They would also be "successful", so they chose to return to their hometowns. Even if the Vietnamese factory resumes work, there are still many workers who are unwilling to return to work. Statistics show that nearly 2.1 million workers have "escaped" from industrial provinces and cities such as Ho Chi Minh City, Long An and Binh Duong.

Seeing the loss of labor, Vietnam's economic pillar-the manufacturing industry is unable to function normally, the government eagerly urges returning workers to return to work as soon as possible. In addition, the Vietnamese government has also united with many financial institutions in the country to provide financial support to enterprises and workers returning to work as much as possible. However, it is almost impossible to make up for these labor gaps in a short period of time. From this point of view, not only did the Vietnamese economy fail to "turn over" by relying on the manufacturing industry, but it also used the possibility of further spread of the epidemic as a bet, which was not worth the gain.

It is worth mentioning that because a large number of workers failed to return to work in time, many multinational companies have to face the problem of insufficient supply. You know, Vietnam is the second largest supplier of shoes and clothing in the United States. The country's well-known brand Nike said that the company has lost 180 million pairs of shoes in the past three months. Halloween is coming soon in the West. If Vietnam’s supply chain problems cannot be resolved by then, the United States will be implicated, and the people of this country will probably be “no ghosts”.