Vietnam’s textile and garment industry likely fail to get its export target in 2021

Vietnamese garment workers.

The Vietnamese government portal (VGP News) on October 5 quoted the Vietnam Textile and Apparel Association as saying that the industry’s goal of 2021 to reach $39 billion in export turnover like in 2019 “will be very difficult, even if production activities are gradually being restored from October 2021.”

The Vietnam Textile and Apparel Association was quoted as saying that with the least positive scenario when the pandemic is not controlled, and the social blockade and distance continues until the beginning of December 2021, textile and garment exports will only reach $33.5-$34 billion.

VGP News reported that in the first quarter of 2021, right from the beginning of the year, the textile and garment industry had “a lot of good signals” when most businesses signed orders until the end of the third quarter or even the end of 2021 due to many key markets such as the US, EU and China increase the demand for consumer goods.

However, the Government Portal said that from the beginning of the third quarter until now “it has been a very difficult time for textile and garment enterprises due to the prolonged pandemic situation in Ho Chi Minh City and southern provinces.”

VGP News reported that many businesses had to close, stop production, produce in moderation, fail to fulfill orders, slow delivery and even have their orders canceled by their partners.

The Vietnamese government news website, citing data from the Vietnam Textile and Apparel Association, said that the export of textiles and garments in August decreased by 15.9% compared to July 2021 and decreased by 2.63% compared to August 2020; September exports reached $3 billion, down by 9.2% compared to August 2021 and 10.5% compared to September 2020.

VGP News reported that the resumption of production after the COVID-19 epidemic, especially after the outbreak since April, “is always a worry for businesses, especially in the textile and footwear sector when operating production depends on hundreds of thousands of workers” and the solution is to “retain employees, care about those who have been and are attached and above all persuade workers to return to work.”

As VOA Vietnamese reported, 7 businesses in Tien Giang belonging to the Vietnam Textile and Apparel Association last month sent a letter to the Prime Minister asking for support and priority in vaccinating workers so that they can return to work. In the context that most customers have canceled orders, many businesses are facing the risk of bankruptcy.

According to Reuters, Vietnam is one of the world’s largest garment producers, supplying brands such as Zara, Ralph Lauren, North Face, Lacoste and Nike.

This news agency quoted Vietnamese government data as saying that Vietnam has more than 6,000 textile factories with about 3 million workers.

Thoibao.de (Translated)

Source: https://www.voatiengviet.com/a/ng%C3%A0nh-d%E1%BB%87t-may-vi%E1%BB%87t-nam-lo-kh%C3%B3-%C4%91%E1%BA%A1t-%C4%91%C6%B0%E1%BB%A3c-m%E1%BB%A5c-ti%C3%AAu-xu%E1%BA%A5t-kh%E1%BA%A9u-n%C4%83m-2021/6259587.html

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