Home / Knowledge / News / Apparel/Garments / Good orders fail to please Vietnamese garment exporters
Good orders fail to please Vietnamese garment exporters
28
Feb '13
Good inflow of export orders has failed in bringing a confident smile on the faces of Vietnamese garment producers.
 
This is because, while most of them are getting good number of export orders at around 10 percent higher prices above last year, the cost of raw material on the other hand has gone up by 10-15 percent, which continues to keep these firms under caution over execution of the orders.
 
According to a vietnamnet.vn report, following a global recovery, Vietnamese garment firms are receiving good number of orders this year, mostly from the US and Japan. 
 
Saigon 2, a garment firm based in HCM City, has even been required to run in shifts to execute an order received from a Japanese importer for women’s khaki trousers, a senior official of the firm said.
 
Vietnam Textile and Apparel Association (Vitas) Deputy chairperson Pham Xuan Hong said around 90 percent of Vietnamese apparel firms have bagged orders to keep them busy till June 2013 end, while 50 percent have booked orders to suffice till end of the year.
 
The rise in export orders not only has created new jobs, but has also eased the worker’s woes as they are getting stable income, he said. As exporters have enough orders, they are in a position to negotiate their contracts for best prices, he added.
 
However, he noted that in spite of good orders, exporters are worried as there has been a considerable rise in the cost of raw materials.
 
According to the Ministry of Industry and Trade, with a year-on-year rise of 28.4 percent, the country’s garment exports reached US$ 1.05 billion in January this year.
 
The Vietnamese Government has set a target of US$ 19 billion for textile and garment exports this year, up 15 percent over 2012 export figures.
 

Fibre2fashion News Desk - India


Must ReadView All

AEPC concern over apparel exports fall; envoys meet CEA

Apparel/Garments | On 17th Nov 2017

AEPC concern over apparel exports fall; envoys meet CEA

India’s Apparel Export Promotion Council (AEPC) has expressed concern ...

Moody's improves India's rating

Textiles | On 17th Nov 2017

Moody's improves India's rating

Moody's Investors Service has upgraded the Indian Government’s local...

Sweden in talks with Birlas for smart textiles project

Textiles | On 17th Nov 2017

Sweden in talks with Birlas for smart textiles project

Sweden is seeking a collaborative project with the Aditya Birla Group ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

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

Lynda Kelly
Suominen Corporation

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

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

Bani Batra

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

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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