Home / Knowledge / News / Apparel/Garments / Garment exports surge despite adversities
Garment exports surge despite adversities
13
Apr '11
Regardless of several problems arising due to labour scarcity and soaring interest rates, garment exports from Vietnam have showed positive trend in the first quarter of the current year as over corresponding period last year.

Labour scarcity is the major problem that the garment industry is confronted with at present, as each business falls short of around 18 percent total labour force, particularly after the traditional Lunar New Year Festival (Tet). Besides, rise in the interest rates and costs of raw materials too have raised production cost by around 10 to 15 percent.

However, in spite of all these adversities, garment exports registered a year on year rise of 27.9 percent during the first quarter of the current year to grow to US $2.8 billion. Many of the garment firms have even booked orders for third quarter of the current year.

The Vietnam Textile & Apparel Association (VITAS) has asked its members to even out their workforce and to enhance the skills of their labourers to circumvent the losses that they suffer in compensating the importers due to delayed delivery.

Dang Phuong Dung, vice Chairperson VITAS, revealed that majority of the businesses are finding it difficult to hire labourers, but then they have accessed remote areas for hiring workers. Moreover, these companies have even introduced advanced technologies to enhance their productivity and competitiveness.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Paolo Ocleppo
Sandvik Hyperion

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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:
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



X