Story perspectives

Jasan Scraps $180M Vietnam Sock Factory Amid Delays, Export Doubts

6/25/2026

Summary

Story summary

Jasan Group cancelled a 180 million yuan factory project in Vietnam’s Thanh Hoa province.
The company cited delayed land acquisition and uncertain export prospects as reasons.
Jasan announced that the plant would make 60 million socks annually for the United States, targeting a low-tariff location to avoid trade barriers by U.S. President Donald Trump.
Firm moved production to Vietnam’s Hung Yen province in 2017, saving tariffs, while peers staying in China face trade disputes.

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Story summary

Jasan Group cancelled a 180 million yuan factory project in Vietnam’s Thanh Hoa province.
The company cited delayed land acquisition and uncertain export prospects as reasons.
Jasan announced that the plant would make 60 million socks annually for the United States, targeting a low-tariff location to avoid trade barriers by U.S. President Donald Trump.
Firm moved production to Vietnam’s Hung Yen province in 2017, saving tariffs, while peers staying in China face trade disputes.