Home >

Vietnam: Textile Orders Dried Up Completely, Production Unsustainable

2020/9/11 13:37:00 0

Textile IndustryOrders

At present, Vietnam's textile and clothing industry has not yet come out of the new epidemic. Due to the unstable downstream demand, the current textile orders are still short orders. According to the data of Vietnam's Ministry of industry and trade, the export volume of Vietnam's textiles and clothing was 19.6 billion US dollars, down 11.6% year-on-year.

At this time in previous years, the textile industry has begun to receive orders for the first half of next year, but now the longest order is only one month or even a week. Some manufacturers' orders in September fell 40-50% year-on-year, and orders for the rest of this year to 2021 have not been confirmed.

At present, the consumer confidence of the three Vietnam textile and garment export destinations, Europe and America and Japan, is very low, which brings great pressure to Vietnamese textile enterprises. Vietnam's national textile and Garment Group expects the revenue of Vietnam's textile enterprises to drop by 20% this year.

Up to now, Vietnamese textile enterprises have almost no orders for the fourth quarter, so it is very difficult for factories to arrange production plans. With the decline in the price of masks, production can only just break even, enterprises are trying to save themselves.

In 2019, there are about 6800 textile and garment enterprises in Vietnam, with an export of US $32.85 billion, a year-on-year increase of 7.8%.

  • Related reading

U.S. Plans To Ban Imports Of Cotton And Tomatoes From Xinjiang

Global Perspective
2020/9/10 12:33:00

Many Textile And Garment Enterprises In Vietnam Are Hard To Find New Orders Before The End Of The Year

Global Perspective
2020/9/8 18:56:00

Burberry, The British Luxury Goods Group, Won A Contract Worth 573000

Global Perspective
2020/9/7 9:31:00

Brazilian Ministry Of Economy Announced Three Items Of Medical Products Temporarily Exempted From Import Tariff

Global Perspective
2020/9/6 13:28:00


Global Perspective
2020/9/6 13:25:00
Read the next article

Huyanghe Textile And Garment Industrial Park: Promoting 1362 Employment By Industrial Development

On September 5, in the workshops of Xinjiang Renhe Textile Co., Ltd., located in huyanghe textile and garment industrial park, workers are spinning, stopping cars, dropping drums, and packing finished products