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!
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Japanese fashion giant Uniqlo is coming to Vietnam again despite COVID-19 crisis.
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Though border closure doesn’t stop goods exchange, yet the lower demand and cancellation of orders is expected to hit the Vietnam’s garment industry.
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Apparel exports to the US and Europe from Vietnam have not been impacted directly under the current health crisis.