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Update news garment export
Though the local textile-garment sector has received a host of orders, it is struggling with shortages of input materials and human resources, and rising logistics costs.
With export turnover surging by 11% to reach approximately US$32 billion during the past 10 months of the year, the local garment and textile industry is anticipated to rake in roughly US$38 billion this year.
If sales through Amazon online stores worldwide are successful, Vietnamese products will have brand positioning in markets worldwide.
Vietnam’s export value recorded in the first four months of the year rose 4.7% against the year-ago figure to reach nearly US$83 billion, with trade surplus of an estimated US$3 billion, according to the General Statistics Office.
Export target of US$40 billion of garment and textile industry this year is on the verge of failing to achieve due to several difficulties, such as a shortage of orders and high dependence on imported materials.
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VietNamNet Bridge – Many small-and medium-sized garment companies in HCM City reportedly have received only half to 60 percent of the orders they expected this year.