Companies race to shift manufacturing out of Covid-crushed Vietnam for holidays. A woman walks inside the Ben Thanh market in Ho Chi Minh City on June 27, 2020. Vietnam has "completely collapsed" due to strict Covid mitigation policies, according to Ankiti Bose, co-founder and CEO of Zilingo, a fashion supplier to big brands that sell their ...
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· "Vietnam specializes in synthetic fibers and China is the quick alternative for many brands," Bose said. "We make it easy for most buyers very quickly through our digital channels. Backed by Sequoia and Temasek, Zilingo has grown its portfolio of fashion brands as companies seek to diversify their manufacturing capabilities across Asia.
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Hoa Phat Group''s contribution to the State budget surged by 94% to over VND6.3 trillion. Hoa Phat''s eggs sold at Vinmart system and most of supermarkets in Ha Noi. Hoa Phat''s steel sales reached 600,000 in July. Hoa Phat Group achieved VND9,745 billion after-tax profit in Q2.
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· Vietnam has "completely collapsed" due to strict Covid mitigation policies, according to Zilingo CEO Ankiti Bose. The fashion supplier co-founder said it''s "bad timing for Vietnam…