Home / Knowledge / News / Apparel/Garments / Vietnamese garment exports slowdown in May
Vietnamese garment exports slowdown in May
19
Jun '12
Continuing with the declining trend of past three months, Vietnam’s garment and textile exports plunged to slightly above US$ 1.1 billion in May this year. Resultantly, the sector’s overall exports for January-May 2012 stood at US$ 5.3 billion, up by only 7.7 percent, much below the growth figures registered during the previous years.
 
In spite of the fact that second and third quarters are considered to be the peak season for the textile and apparel industries, majority of the Vietnamese enterprises have not been able to secure sufficient export orders this time. Even for the enterprises that have secured orders, there has been a sharp reduction in their value. 
 
Vietnamese apparel and textile industry is also facing several other problems like dearth of capital and production inputs, rise in cost of raw materials and environment fees, reduction in purchasing power of domestic as well as foreign buyers and rising stocks of inventories.
 
According to senior economist Le Dang Doanh, rising costs of raw inputs and waning global consumption are the two major issues impeding the way of Vietnamese textile and garment exporters.
 
He suggested that the Government should introduce effective measures to aid the clothing and textile export firms and help them sail over the current time of adversities.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
May 2017

May 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