Garment sector short of orders

Only around 10 per cent of Vietnam’s major garment businesses currently have orders for the third and fourth quarters.

This is a rather low figure compared to the same period last year when most businesses received bulk orders from their counterparts.

The Ministry of Industry and Trade (MoIT) said that the production of cotton fabric has also fallen due to the decline in export contracts and domestic consumption.

Synthetic fabric production in January decreased 22 per cent and clothing exports were also down 10.9 per cent.

MoIT Deputy Minister Nguyen Nam Hai said garment making and exports in January were affected by increases in labour and input costs as well as the current European debt crisis and Japan's tight budget policy.

vir

>   Ministry promotes trade with Gemany (06/02/2012)

>   Vietnam develops bird’s nest market in RoK (06/02/2012)

>   GM seeks a pick-up over its van claim (06/02/2012)

>   Dung Quat Economic Zone aims high (06/02/2012)

>   Amway Vietnam opens Hanoi representative office (06/02/2012)

>   Vietnamese sea and the “blue development” tendency (06/02/2012)

>   Good news comes at the beginning of the year of Dragon (06/02/2012)

>   Phu My Fertiliser profits up 91.1% (04/02/2012)

>   Poor Tet sales leave firms with stockpiles (04/02/2012)

>   Dumping claim over clothes hangers (04/02/2012)