Vietnam Shoe Workers Strike Nike H&M And Other Brand Manufacturers Are Affected

Thousands of workers in southern Vietnam have been on strike as the Vietnamese government changes its local social security policy, and has entered the fifth day today.

Workers' strike has affected internationally known names such as Adidas, Nike, Gap and H&M.

The normal operation of the foundries.

Hugo net learned from the Malaysia media "people post" March 31st report that the strike took place in the industrial area of Hu Zhiming.

According to witnesses, strikers came mainly from Bao Yuan shoes, and workers gathered in and out of factories in a peaceful way.

It is reported that Bao Yuan

It is a large processing plant. Its brands include Nike, Adidas, French crocodile, CONVERSE and Reebok.

A treasure of nearly 8000 employees

It is controlled by China Yuyuan Industrial Group, a subsidiary of Baocheng group, a listed company in Taiwan.

The Vietnamese authorities have imposed strict control over strikes and protest rallies, and such incidents rarely occur in the past 40 years.

This safe investment environment has attracted many international brands, such as Gap, H&M and Zara.

Driven by the purchasing demand of these companies, Vietnam's economy has developed rapidly. Last year, clothing exports increased by 15.8% over the same period last year, with exports amounting to US $20 billion 800 million (77 billion 150 million RM), and footwear exports increased by 21.6% compared to the same period last year, with exports amounting to US $10 billion 200 million.

According to some state media, workers blocked the streets nearby.

According to VN Express, some factories in the vicinity are temporarily closed for safety reasons.

The Vietnamese government has changed the local social security policy, in which the original employee can leave the social security fund after 12 months' leave. The new social security law is revised to reach the retirement age of 60 years old and 55 years old.

The parent company of Bao Yuan did not immediately comment on the matter, and officials of Hu Zhiming city government were trying to resolve the dispute.

Nguyen Tran Phuong Tran, vice chairman of the trade union of the city, said on the phone: "the company has given workers a day off. At present, we are consulting with the workers."

The reason why Vietnam attracts these multinationals is cheap labor, tax relief policy and favorable conditions for signing a free trade agreement (FTA) with its largest export partners.

At present, the negotiations between Vietnam and the European Union on FTA have entered the final stage, and they hope to sign the p Pacific Partnership Agreement as soon as possible with those countries that occupy the global GDP 40%, including the United States, Japan and Australia.