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

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Silke Brand-Kirsch
Schlegel und Partner

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Wendell Rodricks
Wendell Rodricks

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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