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Vietnam Sounds Supply Network Issues Due to Coronavirus Outbreak

Vietnam’s manufacturing industry is suffering supply network issues owing to the coronavirus outbreak, which may delay production of Samsung Electronics’ new smartphones, the Ministry of Industry and Trade said Friday.Vietnam Sounds Supply Network Issues Due to Coronavirus Outbreak

Vietnam Thursday relaxed some health-associated curbs on cross-border trade to improve economic activity; however, some strict measures are still in place.

Samsung, Vietnam’s most significant single international investor, is an example, the company stated. The pandemic would have an effect on its production of two new smartphone models, as a lot of the parts are procured from China.

Although the ministry has not reported any manufacturing facilities being shut down due to the virus, the largest problems facing automotive and electronics makers are securing alternative materials and items, including stock management.

“If the epidemic is not contained in the next 1-1.5 months, we will be in trouble. Local TV’s and smartphone’s production will sheerly fall,” stated the Industry Agency, citing a report by the Vietnam Electronics Business Association.

The federal government stated it will stick to this year’s economic development aim of 6.8% and lay out measures to soften the impact of the epidemic.

The Ministry of Health stated Friday that 15 out of 16 confirmed coronavirus cases in the nation had recovered, while 28 suspected cases had been being isolated in a hospital.

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Angie Ball

Angie is working as the senior editor for the technology. She is one of the youngest employees working here, and she has joined 2 years back. Her promotions are what she has earned by her hard work. Her editing detailing and giving work on time is the most impressive one. There has been hardly any time when there was an error found in her given articles. In her free times, she loves to read magazines revealing about the newly launched devices.

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