Vietnamese Clothing, Textiles And Footwear Enterprises Face Losses Due To Power Outages

Vietnam's clothing, textiles and footwear enterprises in Tung Nai and Pingyang have been shut down for a long time due to power outages. These enterprises are facing the risk of losing customers.

Power outage is equivalent to cutting off business.

This summer, Vietnam's national loom stopped again due to power failure.

Ensuring the supply of electricity in the textile industry will help them grasp the opportunities after the crisis and expand exports.

Many enterprises say that production and delivery according to schedule is a battle, and the power cut is two days a week since April.

Nguyen Duc Thuan, President of Vietnam leather and Footwear Association, said that since the beginning of this year, many export contracts have been signed in 2010 because of the revival of the US, China and Korea markets.

However, according to the current power failure, they can not deliver the goods on time, which may mean that they will be heavily fined and may lose customers.

Last year, exports of clothing and textiles reached US $9 billion 100 million, ranking first in Vietnam's list of major exports.

At the same time, foreign exchange earnings from footwear exports amounted to 4 billion US dollars.