vietnam garment and textile industry

Garment products for export at Duc Giang Corp, an affiliate of Viet Nam Textile and Garment Group.

Due to the impact of the COVID-19 pandemic, the textile industry still faced many difficulties due to the shortage of export orders.

Notably, as of July, many textile enterprises have not had orders for the last two quarters of the year for high-value products such as suits and high-end shirts.

 

Meanwhile, masks and protective clothings have been considered a saviour for many garment enterprises in the second quarter, although the current price has fallen sharply due to excess supply worldwide.

Viet Nam National Textile and Garment Group (Vinatex) forecasted that the country's textile and garment exports in the last six months of the year would continue to decrease by 14-18 per cent over the same period last year.

It also forecasted the total export turnover of the whole year is about US$32.75 billion, down about 16 per cent compared to last year. — VNS

Garment, footwear and woodwork companies look forward to receiving orders in H2

Garment, footwear and woodwork companies look forward to receiving orders in H2

After half a year of struggling to survive difficulties caused by Covid-19, Vietnamese enterprises are hoping that more orders will come over the next six months.

VN textile and garment industry warned of big difficulties

VN textile and garment industry warned of big difficulties

The Covid-19 epidemic which broke out six months ago has seriously affected textile and garment companies.