Home / Knowledge / News / Apparel/Garments / Vietnam garment makers lack ample export orders
Vietnam garment makers lack ample export orders
16
Jun '12
Several apparel producers in Vietnam are lacking sufficient export orders for the next quarter. 
 
Dang Phuong Dung, Vice Chairwoman and General Secretary of the Vietnam Textile and Apparel Association (VITAS) said that though big garment companies have been able to secure export orders, smaller businesses are still starving for orders.
 
Saigon Garment Manufacturing Trade JSC (Garmex Saigon) Vice Chairman, Nguyen An, said his company has secured sufficient export orders to suffice till October, with about 40 percent of the deliveries headed towards the US and another 40 percent to the EU. 
 
Mr. Nguyen noted that as EU customers have reduced their purchasing, this has led to a sharp fall in demand from EU. To offset this major loss in demand from the EU, Garmex Saigon has shifted its focus to the US market since last year, he added.
 
Thang Loi International Garment JSC Chairman Ngo Duc Hoa noted that his company has secured enough export orders to go on till October. However, he said that smaller firms are struggling to bag sufficient export orders.
 
Majority of the key apparel importers from Vietnam, including the EU, US and Japan have been hit by economic uncertainties. Moreover, owing to weak domestic demand, retailers in these countries have accumulated huge stocks of clothing item inventories, which has resulted in a reduced demand for Vietnamese products.
 
With continuing global economic slump like situation, it is expected that the Vietnamese garment firms would face more troubles due to lesser orders flowing in from overseas buyers.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search