PH open for business: Gov’t urged to court foreign brands leaving Vietnam

By Billy Begas

The chairperson of the House Committee on Labor and Employment is urging the government to attract foreign brands to set up their production plants in the Philippines after Vietnam shut down a number of apparel and shoes factories due to the high number of COVID-19 cases.

1PACMAN Rep. Enrico Pineda said large companies like Crocs and Nike are already experiencing delays in production for the coming Christmas season due to the shutdown.

“Foreign businesses should be more than welcome to run their manufacturing in the Philippines. This would mean the creation of more jobs, which is much needed considering that many of our people have already found themselves unemployed due to businesses downsizing or even shutting down,” Pineda said.

Pineda said these companies can setup there manufacturing plants in economic zones and a bubble scheme for workers could be implemented to prevent the spread of COVID-19.

“This is my suggestion, as the safety of our workers should always be of utmost concern,” Pineda added.

Pineda urged Trade and Industry Secretary Ramon Lopez to spearhead an initiative to entice foreign brands to venture into manufacturing in the Philippines.

“If any laws are needed to support, I’m sure that Congress is more than willing to help, as increase in foreign investment would be of great help in creating more jobs for our locals and help revive our battered economy,” Pineda noted.

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Source: Latest Politics News Today (Politics.com.ph)