Most Covid-19 #Vietnam discussions hv understandably focused on epicenter Saigon. But nearby Binh Duong province, crucial to Vietnam's export-dependent economy & the global supply chain is struggling to maintain manufacturing operation. My latest. 1/ scmp.com/week-asia/heal… 
The gov allows factories in industrial zones to stay open if they provided on-site accommodation or direct transport for staff, but a senior director at a company which outsources to global brands told me the costs to fulfill these conditions are huge. 2/ scmp.com/week-asia/heal…
Binh Duong brings home big bucks. It was Vietnam's 2020 3rd biggest exporter, selling goods worth >US$27 bln. It is the country's second largest accumulated FDI beneficiary (USS36.8 bln) after Saigon. 3/ scmp.com/week-asia/heal…
Binh Duong's economy is not possible w/o migrants. 1 in every 5 peep >5yo comes fr another province. But it's been hard for them. >28k unemployed residents applied for benefits in 2nd quarter, same period outbreak broke, increased fr >12k in 1st quarter 4/ scmp.com/week-asia/heal…
@hoquoctuan83 told me FDI may suffer if Saigon & Binh Duong continue w prolonged lockdown. While investors can't relocate immediately, they can still channel investment to other countries which could hurt #Vietnam. Read full story for a complete picture scmp.com/week-asia/heal…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
