COVID-19 resurgence leaves textile-garment makers restless
Illustrative photo. (Source: VNA)
Vietnam’s textile and garment exports grew 9 percent to over 9.5 billion USD in the first four months of 2021, with shipments of cord fabric and fibre and yarn increasing 35.7 percent and 43.4 percent, respectively, year-on-year.
It was an especially encouraging performance given that the sector witnessed a 10.5 percent decline in generating 35 billion USD from exports last year. The industry is aiming for up to 39 billion USD in shipments this year.
However, exporters and producers can’t rest easily as the country’s fourth wave of COVID-19 is ravaging industrial parks in the north, where a large number of textile and apparel factories are located.
If a company is put under quarantine and must suspend production for 14 to 21 days, its plan for the year as a whole would be in tatters, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang. The consequences could be enormous, leaving firms on the brink of bankruptcy and workers without jobs, he added.
Textile and garments is a labour-intensive industry and the damage caused by the COVID-19 resurgence may be incalculable, he explained. Delays in delivery can lead to cancelled orders or delay penalties, resulting in losses in the billions of USD and reputational damage for the industry.
It is vital to protect workers’ health to maintain continuous production, Giang said.
To deal with the situation, VITAS has proposed the government and the Ministry of Health help producers buy and administer COVID-19 vaccines, with priority given to those in areas hit hardest by the pandemic.
The association has also suggested firms in the industry provide financial support for procuring vaccines, to speed up nationwide vaccination efforts./.
Related News
Six export commodity groups see billion-dollar growth
07:55 | 31/12/2024 Import-Export
Imports of textile and footwear materials soar amid robust industry growth
13:44 | 03/12/2024 Import-Export
Textile and garment industry perseveres in overcoming difficulties and seizing opportunities from the market
08:59 | 20/09/2024 Import-Export
Imported raw marterials and fuel rise rapidly
09:41 | 01/08/2024 Import-Export
Latest News
Việt Nam tightens fruit inspections after warning from China
08:01 | 15/01/2025 Import-Export
Brand building key to elevate Vietnamese fruit and vegetable sector: experts
08:00 | 15/01/2025 Import-Export
Freight transport via China-Việt Nam cross-border trains posts rapid growth
08:01 | 13/01/2025 Import-Export
Vietnamese retail industry expects bright future ahead
06:22 | 11/01/2025 Import-Export
More News
Complying with regulations of each market for smooth fruit and vegetable exports
13:06 | 09/01/2025 Import-Export
Fruit and vegetable industry aims for $10 billion in exports by 2030
15:12 | 07/01/2025 Import-Export
GDP grows by over 7 per cent, exceeds target for 2024
15:11 | 07/01/2025 Import-Export
Vietnamese pepper: decline in volume, surge in value
15:10 | 07/01/2025 Import-Export
Việt Nam maintains position as RoK’s third largest trading partner
15:09 | 07/01/2025 Import-Export
Greater efforts to be made for stronger cooperation with European-American market
15:08 | 06/01/2025 Import-Export
Leather, footwear industry aims to gain export growth of 10% in 2025
15:06 | 06/01/2025 Import-Export
Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises
14:53 | 06/01/2025 Import-Export
Việt Nam to complete database of five domestic manufacturing industries in 2026
20:57 | 05/01/2025 Import-Export
Your care
Việt Nam tightens fruit inspections after warning from China
08:01 | 15/01/2025 Import-Export
Brand building key to elevate Vietnamese fruit and vegetable sector: experts
08:00 | 15/01/2025 Import-Export
Freight transport via China-Việt Nam cross-border trains posts rapid growth
08:01 | 13/01/2025 Import-Export
Vietnamese retail industry expects bright future ahead
06:22 | 11/01/2025 Import-Export
Complying with regulations of each market for smooth fruit and vegetable exports
13:06 | 09/01/2025 Import-Export