Supply chain beer game

Vietnam’s rising involvement in global supply chain networks has been hampered by the pandemic, but its increasingly important role in the long term is not judged to be at risk. Long-term prospects outlast supply chain concerns. Illustration photo - freepik.com The latest survey by the German Chamber of Industry and Commerce (AHK) found that 60 per cent of German companies in Vietnam were complaining about price increases or supply chain bottlenecks for raw materials, intermediate products, and other goods. The main reasons for raw material shortages as claimed are increased demand, low production capacity, and transport problems that continue through the COVID-19 pandemic worldwide. The bottlenecks in the supply chain are causing numerous difficulties in terms of production activities for the surveyed companies such as higher input prices, longer waiting times, and even production interruption and operation halts. The survey covered 3,000 German companies in …

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Joining the global vaccine supply chain will help Vietnam enhance its ability in countering current and future pandemics and achieve a number of its strategic goals, experts said. Vietnam is currently facing an extremely complicated Covid-19 outbreak, in which a high number of new cases and deaths are reported daily over the past weeks, mainly in Ho Chi Minh City and neighboring provinces. There are infection cases of unknown sources detected in many provinces and cities, including Hanoi. The Delta variant is the dominant strain in the fourth wave of the Covid-19 outbreak in Vietnam, due to its high transmissibility. Dr. Pham Cong Hiep (L), RMIT Research Cluster Lead & Dr. Majo George, RMIT School of Business and Management lecturer. Photo: RMIT Vietnam With such a negative development, the Vietnamese health system is under great pressure to achieve herd immunity at the soonest. For that purpose, at least 70% of the entire population of nearly 98 …

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Even the age of chickens is becoming a factor when it comes to farmers trying to sell and maintain their operations. Photo: Le Toan In recent weeks, Nguyen Van Tien’s family in the northern province of Phu Tho’s Thanh Ba district has been suffering business headaches. The price of pigs has continuously dropped and no merchants are arriving to buy his 500 pigs because of social distancing in numerous localities. Meanwhile, the price of animal feed has risen by around VND60,000 ($2.60) per 25 kg package. “Since July, the price of live hogs has dropped by around VND25,000 ($1.10) per kg. The more times we feed them, the more losses we accrue because of the rising costs of feed, electricity, water, and general care,” said Tien. This is a common situation for farmers up and down the country. Le Tien Dung, sales manager of Dabaco Phu Tho Co., Ltd., said that due to the pandemic restrictions, the number of cattle and poultry slaughtered and consumed has significantly reduced on a …

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Nearly 35 per cent of textile and garment factories in the country are shut down, according to the Vietnam Textile and Apparel Association. Vietnam is the world's third largest textile and garment producing country behind only China and Bangladesh. The market share of its leather and footwear industry is 15 percent after doubling in the last decade. Consumers in the US and Europe will suffer from the disruption, especially as the festive season approaches. The international sportswear company Nike is a prime example of the importance of Vietnam in the global supply chain. Of its 112 factories, 88 are in Vietnam and produce half of all its footwear products. Adidas is also facing difficulties since Vietnam accounts for nearly 30 percent of its global supply. Its Taiwanese supplier Pouyuen, which has factories in Vietnam, is among the companies to suspend production. The Delta variant of Covid that has hit the country has raised questions about the viability of the Vietnamese …

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Vietnamese Minister of Industry and Trade Nguyễn Hồng Diên during talks with US Secretary of Commerce Gina Raimondo. — Photo from the Ministry of Industry and Trade HÀ NỘI — Vietnamese Minister of Industry and Trade Nguyễn Hồng Diên held phone talks with US Secretary of Commerce Gina Raimondo to discuss bilateral economic and trade issues. Diên, who is also Chairman of the Việt Nam-US Trade and Investment Framework Agreement (TIFA) Council, suggested the US Department of Commerce enhance discussions to recognise Việt Nam as a market economy and give objective and fair opinions in line with the World Trade Organisation (WTO)’s regulations in trade defence investigations. The maintenance of goods supply, manufacturing activities and import-export were the top important priorities of the Vietnamese Ministry of Industry and Trade, Diên said in response to concerns over potential disruptions to supply chains in Việt Nam due to the severe ongoing fourth wave of infections. …

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Dien, who is also Chairman of the Vietnam-U.S. Trade and Investment Framework Agreement (TIFA) Council, suggested the U.S. Department of Commerce enhance discussions to achieve progress in market economy recognition and give objective and fair opinions in line with the World Trade Organization (WTO)’s regulations in trade defense investigations. The maintenance of goods supply, manufacturing activities and export-import are the top important priorities of the Vietnamese Ministry of Industry and Trade, Dien said, adding that Vietnam will step up vaccination, thus creating favorable conditions for firms to mobilize workers back to work. About existing bilateral economic and trade issues, Dien stressed that Vietnam is ready to increase dialogues with the U.S. to deal with them. He also hailed the U.S. for offering opinions to further perfect existing legal framework. Raimondo, for her part, said economy and trade remain a high priority under President Joe Biden’s policy, stressing …

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The Vietnamese delegation to these meetings was led by Minister of Industry and Trade Nguyen Hong Dien. At the consultations, ASEAN ministers and their partners exchanged their views on regional and global economic situations in the past time. They also gave global economic predictions for 2022, updated each other on their respective nations’ COVID-19 prevention and control, and highlighted common efforts to boost post-pandemic recovery. Discussing the negotiation for upgrading the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA), they said works should be accelerated to conclude the negotiation in September 2022. They talked about Chile’s proposal to join the AANZFTA and acknowledged the ASEAN-Japan Economic Resilience Action Plan and Dialogue for Innovative and Sustainable Growth. They also welcomed the U.K.’s official status of ASEAN dialogue partner since August 4 this year. Their discussion touched upon such topics as sustainable growth, climate change response, …

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Vietnam is a key supplier of the world’s coffee, so disruption here ripples into all walks of global life The UK media finally picked up on the troubles surrounding COVID-19 in Southeast Asia at the start of September, but not to cover tightened restrictions and snowballing case numbers - rather, it was concern for how it would damage the British population’s ability to enjoy a coffee before commuting to work each day. The tough anti-pandemic measures induced in Ho Chi Minh City, its surrounding areas, and also in the Central Highlands region have disrupted supply chains after Vietnam, the world’s second-biggest exporter of coffee, continued to battle increasing infections since the latest and biggest wave emerged in June. Vietnam is the leading exporter of Robusta coffee, used for instant coffee as well as for some espresso blends. The sharp rise in coronavirus cases and a shortage of vaccines have caused the government to impose travel curbs in producing areas. British …

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Hanoi Plastics Joint Stock Company is focusing to invest in precision mechanic s and mould production.(Photo courtesy of the firm) Hanoi (VNS/VNA) – The Hanoi Plastics Joint Stock Company (HPC) aims to constantly create, innovate technology and improve technical capacity , especially in the field of precision mechanics and mould production to further penetrate the global supply chain . The key to rapid growth of Hanoi Plastics JSC “Independence and proactiveness in technology is a big dream of many businesses. And in order to realise that dream, it is necessary to invest in research and development (R&D), facilities and people, especially a team with good expertise and background knowledge. Gathering this team, creating conditions for them to work together is a priority in the field of support industry today,” said Bui Minh Hai, Chairman of Hanoi Plastics Joint Stock Company. When focusing on this field, the An Phat Holdings Group has researched and given …

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A virtual signing ceremony for a memorandum of understanding for strategic corporation between Masan MEATLife Corporation and De Heus Vietnam to raise the productivity of the country’s animal protein value chain being held on September 14. — Photo courtesy of Masan Masan MEATLife Corporation (MML) and De Heus Vietnam on September 14 announced the signing of a memorandum of understanding to raise the productivity of the animal protein value chain. The virtual signing ceremony saw the presence of Minister of Agriculture and Rural Development Le Minh Hoan, Christoph Prommersberger, charge d'affaires at the Netherlands embassy of in Viet Nam, Alain Cany, chairman of the European Chamber of Commerce in Viet Nam, Dr Nguyen Dang Quang, chairman of Masan Group, and other executives from Masan Group, Masan MEATLife Corporation, Royal De Heus, and De Heus Vietnam. Under the MOU, the two sides will create and strengthen strategic partnerships and business cooperation opportunities. They …

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