HANOI (Reuters) – Vietnam’s manufacturing sector is suffering supply chain issues caused by the coronavirus epidemic, which may lead to a delay in production of Samsung Electronics’ new phones, the Ministry of Industry and Trade told Reuters on Friday.
Container trucks are seen while waiting for cross the border at Huu Nghi border gate connecting with China, in Lang Son province, Vietnam February 20, 2020. REUTERS/Kham
“Car, electronics and phone manufacturers are experiencing difficulty in acquiring supplies and materials due to disruptions from the virus,” the ministry said in an emailed statement.
“Vietnam relies much on China for materials and equipment, which makes the country become vulnerable when such outbreak happens,” it added.
Vietnam on Thursday eased some health-related restrictions on cross-border trade to prop up economic activity, but some strict measures are still in place.
Samsung, Vietnam’s largest single foreign investor, is an example, the…
Source Reuters Tech News
Source link
