Most of the Vietnamese factories can only last up to May end, while some big factories with better cash flow can last till September.
Business News
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Sustainability
Phong Phu International and Huntsman Textile Effects sign strategic partnership agreement
Vietnamese manufacturing giant PPJ will leverage technical support from Huntsman, which will enhance its production process in its knit mills and denim mills.
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China’s share to USA has reduced massively from 31.92% in Jan.-Feb. ’19 to 21.25% in Jan.-Feb. ’20, while Vietnam increased its share in the same period.
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T-shirt and trouser exports to USA from Vietnam, however, have surpassed China in value-terms but Y-o-Y growth is miniscule.
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Massive outspread of Coronavirus may bring a loss of US $ 473 million for Vietnam’s textile sector.
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Vietnam’s textile and garment industry fears that if the conditions prevail, 30 – 50 per cent of the workers might lose their jobs!