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TAIPEI -- Pou Chen Corp, the world's largest contract shoemaker, which supplies Nike, Adidas and other major brands, is moving a large portion of its operations from China to Vietnam to take advantage of its lower labor costs and more favorable tariffs.
Pou Chen made 42% of its shoes in Vietnam as of the end of September, up from 34% in 2013 and 39% in 2014. The company, based in the central Taiwanese city of Taichung, now ships more than 300 million pairs of shoes annually, with footwear and apparel accounting for 75% of the company's revenue.
Company spokesman Amos Ho said the company has been gradually moving its manufacturing bases to Vietnam since 2012, due to rising wage...
Turkish Airlines to offer nonstop Vietnam service in mid-2016
Turkish Airlines to offer nonstop Vietnam service in mid-2016

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