Sunday, May 22 2022

Reuters

European investors warn of shift away from Vietnam over restrictions

More European investors in Vietnam are considering relocating projects elsewhere if the country’s coronavirus restrictions continued for much longer, the European Chamber of Commerce (EuroCham) said. A sharp rise in coronavirus cases since late April has seen movement restrictions imposed widely, affecting workers and forcing many companies to suspend operations, which resulted in falls in August exports, industrial output and retail sales. “What our members need now is a clear roadmap out of these current measures, one which resolves the roadblocks to their commercial operations and gives them a predictable path on which to plan the reopening of their businesses,” EuroCham chairman Alain Cany said in a statement.

Source: Yahoo Sports

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