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Pou Chen suspends Vietnam production due to Covid-19

Footwear manufacturer and leading contractor to international brands such as Adidas and Nike, Taiwan’s Pou Chen Corp has suspended operations at its plant in Ho Chi Minh City on account of a Covid-19 outbreak in Vietnam’s business hub as of July 14, 2021. Shares in Pou Chen closed down 1.3% on the same day the announcement was made.


Pou Yuen workers return to work

Workers at Pou Yuen a major Vietnamese footwear factory for Nike and Adidas and other brands ended a week-long strike on April 2 after the government agreed to their demands on retirement payouts. The stoppage by thousands of workers at the Taiwanese-owned Pou Yuen factory in southern Ho Chi Minh City was a rare challenge to communist authorities over policy issues.