Vietnam’s “Saigon Economic Times” reported on June 6 that clothing orders are pouring in, but some manufacturers are afraid to accept new orders due to insufficient production capacity. The biggest difficulty currently faced by Vietnamese garment companies is the shortage of labor and raw materials.
Export orders from many companies have increased, and the order volume is gradually filling up. Analysts predict that Vietnam’s textile and clothing exports this year are likely to exceed the established target of 42-43 billion US dollars.
According to Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (Vitas), in the first four months of this year, Vietnam’s textile and apparel exports reached nearly 11 billion US dollars, a year-on-year increase of nearly 21%.
Among them, major markets for Vietnamese textiles and clothing, such as the United States, Europe, and Japan, have achieved considerable results.
It is worth noting that the order situation of export companies is quite stable. Nguyen Thi Xuemoi, deputy secretary-general of the Vietnam Textile and Garment Association, said that the export orders of member companies are stable and showing a good growth trend. At present, many companies’ export orders have been scheduled to the end of the third quarter, but the current difficulty faced by companies is that they cannot recruit more workers to complete the new orders.
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