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 16th Aug 2017

USITC to continue investigations on PSF imports

The US International Trade Commission (USITC) has determined that...

Textiles | On 16th Aug 2017

India’s apparel exports stumble in July 2017

Exports of readymade garments (including those made of cotton,...

Apparel/Garments | On 16th Aug 2017

EU displaces Japan as Myanmar’s largest apparel market

After the reinstatement of Generalised Scheme of Preferences (GSP)...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Arvind Saraf
Triveni Sarees

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

Eric Scholler
Groz-Beckert

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

Paolo Ocleppo
Sandvik Hyperion

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

Giorgio Mantovani
Corman S.p.A

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

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

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

August 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
66.7%
No
18.5%
Skip
14.8%

Total Votes: 27

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
37.0%
No
40.7%
Skip
22.2%

Total Votes: 27

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
81.5%
No
7.4%
Skip
11.1%

Total Votes: 27

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
55.6%
No
11.1%
Skip
33.3%

Total Votes: 27


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



X