Vietnam’s Saigon Economic Times reported on June 6 that clothing orders were pouring in, but some manufacturers were afraid to accept new orders due to insufficient production capacity. The biggest difficulty facing Vietnamese garment enterprises is the shortage of labor and raw materials.
Many enterprises’ export orders have increased, and the order volume is gradually filling up. Analysts predict that Vietnam’s textile and clothing exports this year are likely to exceed the set target of US $42-43billion.
According to Wu Dejiang, chairman of Vietnam textile and clothing association (vitas), in the first four months of this year, Vietnam’s textile and clothing exports reached nearly US $11billion, an increase of nearly 21% year-on-year.
It is worth noting that the orders of export enterprises are quite stable. Ruan Xuemei, Deputy Secretary General of Vietnam textile and clothing association, said that the export orders of member enterprises were stable and showing a good growth trend. At present, many enterprises’ export orders have been arranged until the end of the third quarter, but the difficulty faced by enterprises is that they are unable to recruit more workers to complete the new orders.
Post time: Jun-15-2022