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Inflation in the West forces Vietnam factory lay-offs

William Blackmore 1 year ago in Breaking News 15

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Lay-offs have swept through Vietnam’s manufacturing hubs as Western countries experience a drop in consumer demand. The purchasing power of shoppers in the United States and Europe, the two major Western markets for goods produced in Vietnam, has plummeted due to inflation and soaring energy costs caused by the war in Ukraine. Workers said their situation is even bleaker than during the start of the Covid-19 pandemic.

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