Thousands of dismissed labourers at suppliers in Vietnam has exacerbated the floundering performance of major garment and footwear brands across the globe like Adidas, Nike, and Zara.

Foreign-invested enterprises will no longer be allowed to ignore their tax obligations as Vietnamese tax departments step up action on duty-dodging businesses.

VietNamNet Bridge - The prospect of Vietnam becoming a new production base of the world seems to be clearer with Adidas’ predictions about the continued shift of the shoe outsourcing center from China to Vietnam.

VietNamNet Bridge - Adidas’ tendency of relocating production bases to places near major markets is expected to have adverse effects on Vietnam’s footwear industry.

 Adidas launched a new sneaker on Friday with a 3D-printed sole that it plans to mass-produce next year, part of a broader push by the German sportswear firm to react faster to changing fashions 

Adidas has been testing a store where shoppers can design a sweater, have a body scan to determine fit and get it knitted by a state-of-the-art machine within hours, as the German company looks at ways to respond more quickly

VietNamNet Bridge - Artificial intelligence now plays an increasingly important role in enterprises’ operation as it helps increase productivity, thus optimizing profit. However, Vietnamese businesses still hesitate to invest in it.

Robots, despite being cheaper and more productive, will not immediately shift manufacturing away from countries abundant with inexpensive and low-skilled labour, such as Vietnam.

VietNamNet Bridge – The advertising market has bucked the economic trend, remaining strong, with both Vietnamese and foreign advertising agencies seeing a consistent increase in the number of huge deals with large corporations.

 VietNamNet Bridge – World-famous shoe and handbag brands like Nike, Adidas, Puma and Timberland are transferring the bulk of their orders to Vietnam to avoid risks in China.

The General Department of Taxation has asked the HCM City tax office to review the relations between Adidas Vietnam and a number of companies in the global system of Adidas to determine the costs that this firm declared for tax calculation.