Vietnam Dona Standard Footwear Co., Ltd (Vietnam)

The subject focuses on manufacturing footwear and accessories for footwear field including sports shoes, semi-finished shoes, sandal, etc… Currently, the subject is mainly producing footwear for Nike brand.The subject is wholly - invested by Dona Orient Holdings Limited, which is located in British Virgin Islands. In fact, the subject is considered as one of member companies in Feng Tay Group (a Taiwanese Group). Moreover, Feng Tay Group has established other companies in Vietnam like Dona Victor Footwear Co., Ltd, Dona Pacific (Vietnam) Co., Ltd, Vietnam Dona Orient Co., Ltd… According to press information, Feng Tay Group is the producer of 1/6 of Nike brand shoes in the globe.As shared, the subject temporarily stopped production from Jun to Aug 2021 due to adverse impact of Covid-19 pandemic. For businesses with huge labor force, it is hard to satisfy “three on the spot” requirement. The company has re-operated production since Sep 2021.  In 2022, because of political instability and war, the global economy has encountered a serious recession in last months. The shortage of orders is causing a wave of large-scale job cuts. In particular, the most affected businesses are operating in textile and footwear industries. This leads to reduce working hours and even terminate labor contracts.