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Vietnam reliable alternative for buyers seeking stable supply chains
A drop in China’s market share in Japan and South Korea, and production in Bangladesh and Pakistan getting hit due to energy shortages and political instability has positioned Vietnam as a reliable alternative for buyers seeking stable supply chains. However, challenges persist. A recent rise in domestic electricity prices has raised production costs, particularly affecting yarn manufacturers.
A drop in China’s market share in Japan and South Korea, and production in Bangladesh and Pakistan getting hit due to energy shortages and political instability has positioned Vietnam as a reliable alternative for buyers seeking stable supply chains.
However, challenges persist.
A recent rise in domestic electricity prices has raised production costs, particularly affecting yarn manufacturers.
