Home / Knowledge / News / Apparel/Garments / Vietnam garment exporters feel impact of global slump
Vietnam garment exporters feel impact of global slump
Jun '12
Several apparel manufacturers in Vietnam are feeling the impact of decreasing demand in international markets over the last few months.
This year, garment exporters have failed to repeat the steady growth observed for the last few years.
For example, BH Textile Company in Ho Chi Minh City’s Go Vap District, which normally had contracts signed for the full year, has contracts signed only till August this year. The company has already reduced the number of workers at its factory to 120 from the earlier 500.
Another company, Nha Be Co (NBC), said export orders from its traditional markets have decreased by 15 percent year-on-year during the first six months of the current year.
According to the Vietnam Textiles and Apparel Association (VITAS), export orders for clothing sector have dipped by over 10 percent this year compared to the same period last year.
In view of declining exports to traditional markets, some Vietnamese garment companies are promoting their products in Russia, while some others are expanding in the Middle East and Africa.
One particular company has opted for the franchise route to sell its products in the foreign markets.

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Textiles | On 23rd Jan 2017

MagnaColours develops new sustainability standard

MagnaColours, manufacturer of printing inks and ink bases, discharge...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Kevin Nelson

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

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

Ritu Kumar
Label Ritu Kumar

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search