Apparel, footwear enterprises seek material supplies amid COVID-19
Thursday, February 27,2020AsemconnectVietnam - Garment-textile and footwear enterprises are seeking material supplies from markets besides China amid the complicated developments of the acute respiratory disease caused by SARS-CoV2 (COVID-19).
According to the Vietnam Textile and Apparel Association (VITAS), the garment-textile industry imports about 70 percent of its materials from China.
Vice chairwoman and secretary general of the Vietnam Leather and Footwear Association Phan Thi Thanh Xuan said the sector also largely depends on imported material from China.
If Chinese factories’ output slows, it would be impossible for Vietnamese footwear companies to meet their production plans.
Chairman of VITAS Vu Duc Giang said if the epidemic continues to prolong, many businesses are likely to suspend operations due to a lack of materials.
Given this difficulty, the Vietnam National Textile and Garment Group (VINATEX) has been focusing on producing face masks as a way to maintain operation.
Many businesses have set up face mask production chains to maintain production and limit the damage caused by the COVID-19 epidemic.
Vice chairman of VITAS Truong Van Cam said to prepare for the worst scenario, some garment-textile and footwear firms are planning to import materials from the Republic of Korea, India, Bangladesh and Brazil to make up for the shortage of materials.
The Ministry of Industry and Trade said it will help the sector to seek appropriate suppliers.
In 2020, the garment-textile and footwear sectors aim to gross about 42 billion USD and 24 billion USD in export turnover, respectively. However, these targets are unlikely to be met due to the impacts of COVID-19, according to insiders.
Source: Vietnamplus.vn
Raw cashew nut imports from Cambodia skyrocketed
Vietnam’s trade with top 11 Asian markets is set to grow significantly
Trade recovers strongly since reopening
Reference exchange rate down 2 VND on March 17
DAILY: Vietnamese pepper prices rose by 500 VND on March 17
DAILY: Vietnamese coffee prices increased by 500 VND on March 17
Vietnam posts 78.9% growth in coffee export value to Spain
9 export items with positive growth in first 2 months of 2023
Seafood exports in February and first 2 months of 2023
Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent
Consumer rights protection online a focus amid e-commerce boom
Opportunities for Vietnamese goods in foreign supermarkets
Reference exchange rate up 3 VND
Rice exports reached more than 893,000 tonnes in 2 months
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...