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Pandemic woes add to ditched FIE rise


Pandemic woes add to ditched FIE rise
11:50 | 23/02/2021
The number of foreign investors fleeing from their responsibilities in Vietnam is likely to increase as more businesses go bankrupt due to the stretched economic effects of the pandemic.
Enterprises that make popular products for export have been at risk of collapse due to restrictions. Photo: Le Toan
On February 17, hundreds of workers of China’s Delancey Street Furniture Vietnam Co., Ltd. in the southern province of Binh Duong’s Ben Cat district went to work as usual only to find that the company had shut down without notifying them. Nearly 350 workers became unemployed in an instant right after the national Lunar New Year holiday, following the company’s dissolution decision. ....

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