Ho Chi Minh City, Vietnam's largest port city, has been the epicentre of the worst wave of COVID-19 affected by the Delta strain. Strict quarantine measures have forced many contract factories in Vietnam to close.
Ho Chi Minh City, Vietnam's largest port city, has been the epicentre of the worst wave of COVID-19 affected by the Delta strain. Strict quarantine measures have forced many contract factories in Vietnam to close. Vietnam's ports continue to face congestion, which is expected to further exacerbate supply chain bottlenecks in the country.
On August 25, Vietnam's Ministry of Health reported 12,096 new cases of COVID-19 on Friday, setting a new high. Vietnam has reported more than 10,000 new infections in a single day for seven days in a row.
At present, in view of the serious epidemic prevention situation, ho Chi Minh City has again implemented stricter lockdown and "stay where you are" quarantine measures since August 23, Vietnam has deployed troops to the streets of Ho Chi Minh City on the same day to assist the city's lockdown measures.
It is reported that the vast majority of enterprises in the southern industrial areas around Ho Chi Minh City have been suspended. Multinational and foreign-funded enterprises, including Chinese enterprises, have been severely impacted. The biggest impact is mainly on manufacturing enterprises, including electronics, chips, textiles, mobile phones and other.
As the pandemic worsens, Economic activity in Vietnam has plummeted. The report shows that most companies in Vietnam have large orders, which are now being lost as production is forced to halt. Many foreign partners have shifted their orders to countries such as China and Singapore. It says the supply situation in Vietnam is very unstable.
Nineteen cities, including Ho Chi Minh City, were under lockdown. Existing ports have been forced to suspend the reception of some containers, and the chaos is spreading northward. In addition, the chaotic situation at the ports is spreading northward.
Vietnam's ports are still congested. Thanks to strict prevention and control measures, the number of port workers has halved. Local truck traffic is down by 60%, and there is a huge backlog at the docks. The tighter blockade is expected to further exacerbate supply chain bottlenecks in Vietnam.
Vietnam's maritime congestion has also boosted demand for air freight, which is causing fares to rise rapidly. Air freight prices, which usually hovered around $4 per kg at the start of the peak season in August, have more than doubled to between $8.50 and $10 per kg. Prices are expected to reach $15 - $18 a kilogram soon.
Disclaimer: The content here is for informational purpose only. Seabay Logistics does not represent or endorse the accuracy or reliability of any advice, opinion, statement or other information provided.
US president Joe Biden has hailed a new 24-hour working system, wh
2021-10-15 / Logistics News
In a matter of weeks, Canada’s premier ocean gateway has gone from
2021-10-12 / Logistics News
Shipping container prices may be leveling off after a year of wors
2021-10-09 / Logistics News
There are over 60 container ships full of import cargo stuck offsh
2021-09-30 / Logistics News
There were signs of a silver lining finally beginning to appear fo
2021-09-26 / Logistics News
Consumers in the Middle East face slimmer choices in the shops as
2021-09-22 / Logistics News
A container shipping line announcement that it would blank four sa
2021-09-16 / Logistics News
Since the beginning of 2020, due to the impact of COVID-19, global
2021-09-15 / Logistics News
Add ：# 3108, CIQ Building, South Wenjin Road, Luohu District, Shenzhen China 518001.
Tel ：+86-755-82141292 Fax ：+86-755-82141001
Please login WeChat on your mobile and scan below QR Code to find us.(You will have to download WeChat Apps on your mobile first if you don't have this application.)