Tag: salary policy

Shenzhou International Group Holdings, a prominent contract knitter for global brands such as Nike, Adidas, Puma, Uniqlo, and Lululemon, has seen a recent dip in its stock price despite reporting soaring profits for the first half of the year.

The American cotton industry has witnessed a significant decline in exports to China during the first half of this year, while other Asian markets have experienced growth. This stark contrast highlights the rapid shift in apparel manufacturing, accelerated by US tariff policies.

"Vietnam has long been renowned for its progressive reforms, and this is a testament to its dynamic nature. However, the gap between policy formulation and on-the-ground implementation remains a pressing issue, as highlighted by Oliver Massmann, Managing Partner of Duane Morris Vietnam. With nearly three decades of experience in the country, Massmann emphasizes that the challenge lies not in a lack of new policies, but in the lag between enactment and execution. This delay hinders the realization of Vietnam's full potential, and it is this very gap that needs to be addressed to ensure the country's continued progress and success."