Vietnamese clothing exports forecast to fall owing to lack of orders

Vietnam’s textile and clothing exports in the first four months of 2020 fell 10% year-on-year to US$10.6bn and could fall much further as buyers cancelled orders owing to coronavirus (COVID-19), according to the Vietnam Textile and Apparel Association (Vitas).

In April, exports of Vietnamese textile and apparel products saw a month-on-month decline of 20% to US$2.3bn, the association’s statistics revealed.

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Posted by Geoff Fisher on 3 July 2020

 

 

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