Interviews
Textile & footwear industry growth slows down
06 Aug '07
1 min read
By July-end this year, Ho Chi Minh City (HCMC) recorded modest growth in textile, apparel and footwear industry.
From January to July, the growth rate (including sales and production) is 12.2 percent, while in the same period last year the rise was almost 20.4 percent.
Experts believe that, though Vietnam has joined WTO, textile and apparel enterprises of the country and that of Ho Chi Minh City particularly have not got many opportunities to penetrate big markets like EU and US.
Witnessing same situation, the footwear manufacturers showed growth rate of 5.4 percent. Main reason for such result is the anti–dumping levy led by the EU, leading to strong reduction in orders and termination of contracts.
Domestic authorities and experts are concerned that this situation may adversely affect local enterprises and urged them to improve and enhance in their production and exports.
From January to July, the growth rate (including sales and production) is 12.2 percent, while in the same period last year the rise was almost 20.4 percent.
Experts believe that, though Vietnam has joined WTO, textile and apparel enterprises of the country and that of Ho Chi Minh City particularly have not got many opportunities to penetrate big markets like EU and US.
Witnessing same situation, the footwear manufacturers showed growth rate of 5.4 percent. Main reason for such result is the anti–dumping levy led by the EU, leading to strong reduction in orders and termination of contracts.
Domestic authorities and experts are concerned that this situation may adversely affect local enterprises and urged them to improve and enhance in their production and exports.
Fibre2fashion, News Desk - Vietnam
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