Hanoi (VNA) – Local garment producershave so far received less order than 2018 and the shortage of orders is becoming more common, heard a pressconference held by the Vietnam Textile and Apparel Association (VITAS) in Hanoion July 19.
The number oforders in the first half of 2019 was just equivalent to 70percent of the figure in the same period last year, said VITAS Vice President Truong Van Cam.
As the apparelindustry grew by less than 9 percent by the end of June, it must expand 11 – 12percent for the remaining months to fulfill the goal of earning 40 billion USD from exports this year.
Other majortextile and garment producers like India and Indonesia are facing a similarsituation as demands from customers are getting higher while pressure to cutcost and higher trade barriers, such as import duties or quality inspection are also taking atoll on them, he explained, saying that Vietnamese firms are no exception.
Foreign countries have taken several measures to supporttheir domestic exporters, for example, cutting corporate income tax and dutieson imported apparel materials, and devaluing their currencies, making it moredifficult for Vietnamese enterprises to compete with, Cam added.
He hoped thatthe situation would improve in the last six months as it is normally the timefor high-value orders for products like jackets, suits and winter sportswear.
Nguyen ThiHong Anh, VITAS Vice Secretary General, said to attract more orders, local producers must strictly comply withrequirements of buyers and protect workers’ rights.
According tothe VITAS, the textile and garment industry earned approximately 18 billion USDfrom exports in the first half of 2019, up 8.61 percent year on year. The figure included 14.02 billion USD worthof clothing and 1.02 billion USD worth of fabrics, up 8.71 percent and 29.9percent, respectively.
The US remained the biggest buyer who imported7.22 billion USD worth of textile and garment products, up 12.84 percent from ayear earlier. It was followed by member states of the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) (2.57 billion USD,up 11.13 percent), the European Union (2.05 billion USD, up 10.46 percent), andthe Republic of Korea (1.37 percent, up 5.59 percent).–VNA
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Illustrative image (Source: VNA) 
