Home breadcru News breadcru Industrial breadcru PM Pham Minh Chinh applauds Nike's contributions to Vietnamese economy

PM Pham Minh Chinh applauds Nike's contributions to Vietnamese economy

05 Dec '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

Vietnamese Prime Minister Pham Minh Chinh recently praised Nike’s contributions to exports and job creation in his country in the recent past while meeting the firm’s chief operating officer Andy Campion in Hanoi. He asked Nike to apply advanced technology and Fourth Industrial Revolution achievements to its production and management activities in Vietnam.

While assisting Vietnam to improve management capacity, give policy advice, train human resources, boost green growth and digital transformation, and develop a circular economy, Nike helped the country build an independent and self-reliant economy with extensive, substantive and effective integration into the world and deeper engagement in global supply chains, Chinh was quoted as saying by a news agency.

Campion informed that the company produces about 600 million pairs of footwear each year, half of which are made in Vietnam, and that half of the materials for the company’s global supply chains are also sourced from the country.

The Nike Vietnam Co Ltd was founded in 1995 and has more than 200 partner factories in 20 provinces and cities, along with hundreds of businesses joining its supply chain.

ALCHEMPro News Desk (DS)

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